diff --git a/CHANGELOG.md b/CHANGELOG.md
index 084a79cf..77fbe386 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
+## 8.5.0
+* Add guardrails for UniqueViolation caused by parallel requests by @yashvardhannanavati in https://github.com/release-engineering/iib/pull/592
+* Adding parameter ignore_bundle_ocp_version to merge-index API by @lipoja in https://github.com/release-engineering/iib/pull/593
+* Update dependency cryptography to v41.0.6 [SECURITY] by @renovate in https://github.com/release-engineering/iib/pull/595
+
 ## 8.4.4
 * Fixing github actions by @lipoja in https://github.com/release-engineering/iib/pull/590
 * Adding config variable to allow adding bundles without ocp version label by @lipoja in https://github.com/release-engineering/iib/pull/589
diff --git a/setup.py b/setup.py
index cbb482f0..a9d7a09c 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@
 
 setup(
     name='iib',
-    version='8.4.4',
+    version='8.5.0',
     long_description=__doc__,
     packages=find_packages(exclude=['tests', 'tests.*']),
     include_package_data=True,