diff --git a/CHANGELOG.md b/CHANGELOG.md
index 691cbdf61..af6f2b7f8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,19 @@
 
 ### Fixes and improvements
 
+## [v4.5.0](https://github.com/OpenNMT/CTranslate2/releases/tag/v4.5.0) (2024-10-22)
+Note: The Ctranslate2 Python package now supports CUDNN 9 and is no longer compatible with CUDNN 8.  
+
+### New features
+* Support Phi3 (#1800)
+* Support Mistral Nemo (#1785)
+* Support Wav2Vec2Bert ASR (#1778)
+
+### Fixes and improvements
+* Upgrade to CUDNN9 (#1803)
+* Fix logits vocab (#1786 + #1791)
+* Update doc AWQ (#1795)
+
 ## [v4.4.0](https://github.com/OpenNMT/CTranslate2/releases/tag/v4.4.0) (2024-09-09)
 **Removed**: Flash Attention support in the Python package due to significant package size increase with minimal performance gain.  
 Note: Flash Attention remains supported in the C++ package with the `WITH_FLASH_ATTN` option.  
diff --git a/python/ctranslate2/version.py b/python/ctranslate2/version.py
index 2314a81cd..2293b136e 100644
--- a/python/ctranslate2/version.py
+++ b/python/ctranslate2/version.py
@@ -1,3 +1,3 @@
 """Version information."""
 
-__version__ = "4.4.0"
+__version__ = "4.5.0"