diff --git a/CHANGELOG.md b/CHANGELOG.md
index ec10c428a..bd1f1e78a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,11 +1,13 @@
 # Changelog
 
+## v20.07: (Upcoming Release)
+
 ### accel
 
 A new API was added `spdk_accel_get_capabilities` that allows applications to
 query the capabilities of the currently enabled accel engine back-end.
 
-## v20.04: (Upcoming Release)
+## v20.04:
 
 ### configuration
 
diff --git a/include/spdk/version.h b/include/spdk/version.h
index 840ca5dd0..689c2a3ce 100644
--- a/include/spdk/version.h
+++ b/include/spdk/version.h
@@ -46,7 +46,7 @@
 /**
  * Minor version number (month of original release).
  */
-#define SPDK_VERSION_MINOR	4
+#define SPDK_VERSION_MINOR	7
 
 /**
  * Patch level.