diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6237a9f54a..dc6f384945 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 This is a list of high-level changes for each release of AWX. A full list of commits can be found at `https://github.com/ansible/awx/releases/tag/<version>`.
 
+# 17.1.0 (March 9th, 2021)
+- Addressed a security issue in AWX (CVE-2021-20253)
+- Fixed a bug permissions error related to redis in K8S-based deployments: https://github.com/ansible/awx/issues/9401
+
 # 17.0.1 (January 26, 2021)
 - Fixed pgdocker directory permissions issue with Local Docker installer: https://github.com/ansible/awx/pull/9152
 - Fixed a bug in the UI which caused toggle settings to not be changed when clicked: https://github.com/ansible/awx/pull/9093
diff --git a/VERSION b/VERSION
index 3e17df0287..d9e58927a6 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-17.0.1
+17.1.0
diff --git a/awxkit/VERSION b/awxkit/VERSION
index 3e17df0287..d9e58927a6 100644
--- a/awxkit/VERSION
+++ b/awxkit/VERSION
@@ -1 +1 @@
-17.0.1
+17.1.0