diff --git a/CHANGES.rst b/CHANGES.rst
index 5f1ae1bfa..801ab90e0 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,6 +2,91 @@
 Changelog
 =========
 
+Version 13.1
+============
+*Released 2020-11-29*
+
+**Major Changes:**
+
+- Full support of Bot API 5.0 (`#2181`_, `#2186`_, `#2190`_, `#2189`_, `#2183`_, `#2184`_, `#2188`_, `#2185`_, `#2192`_, `#2196`_, `#2193`_, `#2223`_, `#2199`_, `#2187`_, `#2147`_, `#2205`_)
+
+**New Features:**
+
+- Add ``Defaults.run_async`` (`#2210`_)
+- Improve and Expand ``CallbackQuery`` Shortcuts (`#2172`_)
+- Add XOR Filters and make ``Filters.name`` a Property (`#2179`_)
+- Add ``Filters.document.file_extension`` (`#2169`_)
+- Add ``Filters.caption_regex`` (`#2163`_)
+- Add ``Filters.chat_type`` (`#2128`_)
+- Handle Non-Binary File Input (`#2202`_)
+
+**Bug Fixes:**
+
+- Improve Handling of Custom Objects in ``BasePersistence.insert``/``replace_bot`` (`#2151`_)
+- Fix bugs in ``replace/insert_bot`` (`#2218`_)
+
+**Minor changes, CI improvements, doc fixes and type hinting:**
+
+- Improve Type hinting (`#2204`_, `#2118`_, `#2167`_, `#2136`_)
+- Doc Fixes & Extensions (`#2201`_, `#2161`_)
+- Use F-Strings Where Possible (`#2222`_)
+- Rename kwargs to _kwargs where possible (`#2182`_)
+- Comply with PEP561 (`#2168`_)
+- Improve Code Quality (`#2131`_)
+- Switch Code Formatting to Black (`#2122`_, `#2159`_, `#2158`_)
+- Update Wheel Settings (`#2142`_)
+- Update ``timerbot.py`` to ``v13.0`` (`#2149`_)
+- Overhaul Constants (`#2137`_)
+- Add Python 3.9 to Test Matrix (`#2132`_)
+- Switch Codecov to ``GitHub`` Action (`#2127`_)
+- Specify Required pytz Version (`#2121`_)
+
+
+.. _`#2181`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2181
+.. _`#2186`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2186
+.. _`#2190`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2190
+.. _`#2189`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2189
+.. _`#2183`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2183
+.. _`#2184`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2184
+.. _`#2188`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2188
+.. _`#2185`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2185
+.. _`#2192`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2192
+.. _`#2196`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2196
+.. _`#2193`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2193
+.. _`#2223`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2223
+.. _`#2199`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2199
+.. _`#2187`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2187
+.. _`#2147`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2147
+.. _`#2205`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2205
+.. _`#2210`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2210
+.. _`#2172`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2172
+.. _`#2179`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2179
+.. _`#2169`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2169
+.. _`#2163`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2163
+.. _`#2128`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2128
+.. _`#2202`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2202
+.. _`#2151`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2151
+.. _`#2218`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2218
+.. _`#2204`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2204
+.. _`#2118`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2118
+.. _`#2167`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2167
+.. _`#2136`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2136
+.. _`#2201`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2201
+.. _`#2161`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2161
+.. _`#2222`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2222
+.. _`#2182`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2182
+.. _`#2168`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2168
+.. _`#2131`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2131
+.. _`#2122`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2122
+.. _`#2159`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2159
+.. _`#2158`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2158
+.. _`#2142`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2142
+.. _`#2149`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2149
+.. _`#2137`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2137
+.. _`#2132`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2132
+.. _`#2127`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2127
+.. _`#2121`: https://github.com/python-telegram-bot/python-telegram-bot/pull/2121
+
 Version 13.0
 ============
 *Released 2020-10-07*
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 00c3285ca..78bfe945b 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 = '13.0'  # telegram.__version__[:3]
+version = '13.1'  # telegram.__version__[:3]
 # The full version, including alpha/beta/rc tags.
-release = '13.0'  # telegram.__version__
+release = '13.1'  # 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 429453d22..a92470927 100644
--- a/telegram/version.py
+++ b/telegram/version.py
@@ -18,4 +18,4 @@
 # along with this program.  If not, see [http://www.gnu.org/licenses/].
 # pylint: disable=C0114
 
-__version__ = '13.0'
+__version__ = '13.1'