diff --git a/CHANGELOG.md b/CHANGELOG.md
index 841e35cd..42f92be0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,13 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 From v1.0.0 onwards, this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html). Pre-v1, breaking changes are indicated via a minor release, while all other changes fall under patches. At any time, you can see what's in progress for a version by filtering GitHub issues by milestone.
 
+## [4.7.1](https://github.com/syrupy-project/syrupy/compare/v4.7.0...v4.7.1) (2024-08-23)
+
+
+### Bug Fixes
+
+* pytest-rerunfailures compatibility ([#881](https://github.com/syrupy-project/syrupy/issues/881)) ([16911ad](https://github.com/syrupy-project/syrupy/commit/16911ad0541c642118f3f1ac2d1347362d80c854))
+
 # [4.7.0](https://github.com/syrupy-project/syrupy/compare/v4.6.4...v4.7.0) (2024-08-23)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index 4cf4f847..b3a7d2cf 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,7 @@
 [tool.poetry]
 name = 'syrupy'
 license = 'Apache-2.0'
-version = "4.7.0"
+version = "4.7.1"
 description = 'Pytest Snapshot Test Utility'
 authors = ['Noah Ulster']
 readme = 'README.md'