diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8cc7326b2..e0b2d2ef6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 - Target `pallet-revive` instead of `pallet-contracts` - [#1851](https://github.com/use-ink/cargo-contract/pull/1851)
+- Use ink! release version in new contract template - [1896](https://github.com/use-ink/cargo-contract/pull/1896)
 
 ## [5.0.1]
 
diff --git a/crates/build/templates/new/_Cargo.toml b/crates/build/templates/new/_Cargo.toml
index 1298b5e46..e1cb95fb6 100644
--- a/crates/build/templates/new/_Cargo.toml
+++ b/crates/build/templates/new/_Cargo.toml
@@ -5,10 +5,10 @@ authors = ["[your_name] <[your_email]>"]
 edition = "2021"
 
 [dependencies]
-ink = { git = "https://github.com/use-ink/ink", default-features = false }
+ink = { version = "5.1.1", default-features = false }
 
 [dev-dependencies]
-ink_e2e = { git = "https://github.com/use-ink/ink", default-features = false }
+ink_e2e = { version = "5.1.1", default-features = false }
 
 [lib]
 path = "lib.rs"