diff --git a/CHANGELOG.md b/CHANGELOG.md
index 807cb5b05..149da2cd2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # rollup changelog
 
+## 4.8.0
+
+_2023-12-11_
+
+### Features
+
+- Improve `experimentalMinChunkSize` to take already loaded modules from dynamic imports into account (#5294)
+
+### Pull Requests
+
+- [#5294](https://github.com/rollup/rollup/pull/5294): Find more merge targets for experimentalMinChunkSize (@lukastaegert)
+
 ## 4.7.0
 
 _2023-12-08_
diff --git a/browser/package.json b/browser/package.json
index dd33189aa..26783b6db 100644
--- a/browser/package.json
+++ b/browser/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rollup/browser",
-  "version": "4.7.0",
+  "version": "4.8.0",
   "description": "Next-generation ES module bundler browser build",
   "main": "dist/rollup.browser.js",
   "module": "dist/es/rollup.browser.js",
diff --git a/package-lock.json b/package-lock.json
index c940aeeb8..0e033dfec 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "rollup",
-  "version": "4.7.0",
+  "version": "4.8.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "rollup",
-      "version": "4.7.0",
+      "version": "4.8.0",
       "license": "MIT",
       "bin": {
         "rollup": "dist/bin/rollup"
diff --git a/package.json b/package.json
index fafdddb86..2968e030d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "rollup",
-  "version": "4.7.0",
+  "version": "4.8.0",
   "description": "Next-generation ES module bundler",
   "main": "dist/rollup.js",
   "module": "dist/es/rollup.js",