diff --git a/CHANGELOG.md b/CHANGELOG.md
index 84e241ed2..070054632 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,8 @@
 # Changelog
 
-## v20.10: (Upcoming Release)
+## v21.01: (Upcoming Release)
+
+## v20.10:
 
 ### accel
 
diff --git a/include/spdk/version.h b/include/spdk/version.h
index 86b199e04..16c0e7e57 100644
--- a/include/spdk/version.h
+++ b/include/spdk/version.h
@@ -41,12 +41,12 @@
 /**
  * Major version number (year of original release minus 2000).
  */
-#define SPDK_VERSION_MAJOR	20
+#define SPDK_VERSION_MAJOR	21
 
 /**
  * Minor version number (month of original release).
  */
-#define SPDK_VERSION_MINOR	10
+#define SPDK_VERSION_MINOR	1
 
 /**
  * Patch level.