diff --git a/networkit/__init__.py b/networkit/__init__.py
index 844b50f0c4..1305328184 100644
--- a/networkit/__init__.py
+++ b/networkit/__init__.py
@@ -30,7 +30,7 @@
     "Moritz v. Looz", "Yassine Marrakchi", "Henning Meyerhenke", "Manuel Penschuck", "Lucas Archimedes Gregorio Henr Petersen", "Marcel Radermacher", "Klara Reichard", \
 	"Marvin Ritter", "Aleksejs Sazonovs", "Hung Tran", "Alexander van der Grinten", "Florian Weber", "Michael Wegner", "Jörg Weisbarth"]
 __license__ = "MIT"
-__version__ = "10.1"
+__version__ = "11.0"
 
 # standard library modules
 import csv
diff --git a/pyproject.toml b/pyproject.toml
index 49a4751d00..7b2eb255dd 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "networkit"
-version = "10.1"
+version = "11.0"
 description = "NetworKit is a toolbox for high-performance network analysis"
 readme = "README.md"
 requires-python = ">=3.7"
diff --git a/version.py b/version.py
index 79c9c6d0a3..1a915cfa77 100644
--- a/version.py
+++ b/version.py
@@ -1,6 +1,6 @@
 name='networkit'
 
-version='10.1'
+version='11.0'
 
 url='https://networkit.github.io/'