diff --git a/CHANGES.rst b/CHANGES.rst
index e586f75aa..c3520e2ae 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,6 +2,37 @@
 Changelog
 =========
 
+Version 12.7
+============
+*Released 2020-05-02*
+
+**Major Changes:**
+
+- Bot API 4.8 support. **Note:** The ``Dice`` object now has a second positional argument ``emoji``. This is relevant, if you instantiate ``Dice`` objects manually. (`#1917`_)
+
+**New Features:**
+
+- New method ``run_mothly`` for the ``JobQueue`` (`#1705`_)
+- ``Job.next_t`` now gives the datetime of the jobs next execution (`#1685`_)
+
+**Minor changes, CI improvements, doc fixes or bug fixes:**
+
+- Added ``tzinfo`` argument to ``helpers.from_timestamp`` (`#1621`_)
+- Stabalize CI (`#1919`_, `#1931`_)
+- Use ABCs ``@abstractmethod`` instead of raising ``NotImplementedError`` for ``Handler``, ``BasePersistence`` and ``BaseFilter`` (`#1905`_)
+- Doc fixes (`#1914`_, `#1902`_, `#1910`_)
+
+.. _`#1902`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1902
+.. _`#1685`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1685
+.. _`#1910`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1910
+.. _`#1914`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1914
+.. _`#1931`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1931
+.. _`#1905`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1905
+.. _`#1919`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1919
+.. _`#1621`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1621
+.. _`#1705`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1705
+.. _`#1917`: https://github.com/python-telegram-bot/python-telegram-bot/pull/1917
+
 Version 12.6.1
 ==============
 *Released 2020-04-11*
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 46bf78fdd..e0076ddf8 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -58,9 +58,9 @@ author = u'Leandro Toledo'
 # built documents.
 #
 # The short X.Y version.
-version = '12.6'  # telegram.__version__[:3]
+version = '12.7'  # telegram.__version__[:3]
 # The full version, including alpha/beta/rc tags.
-release = '12.6.1'  # telegram.__version__
+release = '12.7'  # telegram.__version__
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/telegram/version.py b/telegram/version.py
index d3c5aad0d..47d1c5378 100644
--- a/telegram/version.py
+++ b/telegram/version.py
@@ -17,4 +17,4 @@
 # You should have received a copy of the GNU Lesser Public License
 # along with this program.  If not, see [http://www.gnu.org/licenses/].
 
-__version__ = '12.6.1'
+__version__ = '12.7'