diff --git a/contracts/CHANGELOG.md b/contracts/CHANGELOG.md
index d842a90663f..e3ea1a31a9c 100644
--- a/contracts/CHANGELOG.md
+++ b/contracts/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 ## Unreleased
 
+...
+
+## 0.7.1 - 2023-09-20
+
 ### Changed
 
 - Add Chainlink Functions v1.0.0 (#9365)
diff --git a/contracts/package.json b/contracts/package.json
index 6d4a2d57236..750eaca181a 100644
--- a/contracts/package.json
+++ b/contracts/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@chainlink/contracts",
-  "version": "0.6.1",
+  "version": "0.7.1",
   "description": "Chainlink smart contracts",
   "author": "Chainlink devs",
   "license": "MIT",
@@ -17,7 +17,7 @@
     "coverage": "hardhat coverage",
     "prepublishOnly": "pnpm compile && ./scripts/prepublish_generate_abi_folder",
     "publish-beta": "pnpm publish --tag beta",
-    "publish-prod": "npm dist-tag add @chainlink/contracts@0.6.1 latest"
+    "publish-prod": "npm dist-tag add @chainlink/contracts@0.7.1 latest"
   },
   "files": [
     "src/",