diff --git a/CHANGELOG.md b/CHANGELOG.md
index f6ac1a9d..75cfa979 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,12 @@ All enhancements and patches to Cookiecutter Django will be documented in this f
 
 <!-- GENERATOR_PLACEHOLDER -->
 
+## 2023.01.08
+
+### Updated
+- Update redis to 4.4.1 ([#4068](https://github.com/cookiecutter/cookiecutter-django/pull/4068))
+- Update coverage to 7.0.4 ([#4067](https://github.com/cookiecutter/cookiecutter-django/pull/4067))
+
 ## 2023.01.07
 
 ### Updated
diff --git a/setup.py b/setup.py
index 91e60561..ff9990b7 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ except ImportError:
     from distutils.core import setup
 
 # We use calendar versioning
-version = "2023.01.07"
+version = "2023.01.08"
 
 with open("README.rst") as readme_file:
     long_description = readme_file.read()