diff --git a/CHANGELOG.md b/CHANGELOG.md
index df8c6e31c2f..d858b60d2c0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,22 +4,25 @@
 `psql` with the `-X` flag to prevent any `.psqlrc` commands from
 accidentally triggering the load of a previous DB version.**
 
-## Unreleased
+## 2.7.2 (2022-07-26)
 
-**Features**
-* #4374 Remove constified now() constraints from plan
-* #4393 Support intervals with day component when constifying now()
-* #4397 Support intervals with month component when constifying now()
+This release is a patch release. We recommend that you upgrade at the
+next available opportunity.
+Among other things this release fixes several memory leaks, handling
+of TOASTed values in GapFill and parameter handling in prepared statements.
 
 **Bugfixes**
-* #4482 Ensure (de-)compression is not performed twice on the same chunk
 * #4517 Fix prepared statement param handling in ChunkAppend
+* #4522 Fix ANALYZE on dist hypertable for a set of nodes
 * #4526 Fix gapfill group comparison for TOASTed values
 * #4527 Handle stats properly for range types
-* #4522 Fix ANALYZE on dist hypertable for a set of nodes
+* #4532 Fix memory leak in function telemetry
+* #4534 Use explicit memory context with hash_create
+* #4538 Fix chunk creation on hypertables with non-default statistics
 
 **Thanks**
-
+* @3a6u9ka, @bgemmill, @hongquan, @stl-leonid-kalmaev and @victor-sudakov for reporting a memory leak
+* @hleung2021 and @laocaixw  for reporting an issue with parameter handling in prepared statements
 
 ## 2.7.1 (2022-07-07)
 
diff --git a/sql/CMakeLists.txt b/sql/CMakeLists.txt
index e28844c7140..63ff732405e 100644
--- a/sql/CMakeLists.txt
+++ b/sql/CMakeLists.txt
@@ -35,11 +35,13 @@ set(MOD_FILES
     updates/2.5.1--2.5.2.sql
     updates/2.5.2--2.6.0.sql
     updates/2.6.0--2.6.1.sql
-    updates/2.6.1--2.7.0.sql)
+    updates/2.6.1--2.7.0.sql
+    updates/2.7.0--2.7.1.sql
+    updates/2.7.1--2.7.2.sql)
 
 # The downgrade file to generate a downgrade script for the current version, as
 # specified in version.config
-set(CURRENT_REV_FILE 2.7.1--2.7.0.sql)
+set(CURRENT_REV_FILE 2.7.2--2.7.1.sql)
 # Files for generating old downgrade scripts. This should only include files for
 # downgrade from one version to its previous version since we do not support
 # skipping versions when downgrading.
@@ -54,7 +56,8 @@ set(OLD_REV_FILES
     2.6.0--2.5.2.sql
     2.6.1--2.6.0.sql
     2.7.0--2.6.1.sql
-    2.7.1--2.7.0.sql)
+    2.7.1--2.7.0.sql
+    2.7.2--2.7.1.sql)
 
 set(MODULE_PATHNAME "$libdir/timescaledb-${PROJECT_VERSION_MOD}")
 set(LOADER_PATHNAME "$libdir/timescaledb")
diff --git a/sql/updates/2.7.2--2.7.1.sql b/sql/updates/2.7.2--2.7.1.sql
new file mode 100644
index 00000000000..e69de29bb2d
diff --git a/version.config b/version.config
index 2c86443692a..7f0b1ca6c77 100644
--- a/version.config
+++ b/version.config
@@ -1,3 +1,3 @@
-version = 2.7.1
-update_from_version = 2.7.0
-downgrade_to_version = 2.7.0
+version = 2.7.2
+update_from_version = 2.7.1
+downgrade_to_version = 2.7.1