diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1218690e4..bdc8a8a2b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 0.42.0 / 2021-07-01
+
+* [Fixed] Remove unused decorator dependency. See [#651](https://github.com/DataDog/datadogpy/pull/651).
+* [Fixed] [dogstatsd] Fix unicode handling of event text. See [#661](https://github.com/DataDog/datadogpy/pull/661).
+* [Added] [dogstatsd] Improve tag normalization speed. See [#672](https://github.com/DataDog/datadogpy/pull/672).
+
 ## 0.41.0 / 2021-04-15
 
 * [Fixed] Fix decorator dependency for Python 2.7. See [#646](https://github.com/DataDog/datadogpy/pull/646). Thanks [artem888881](https://github.com/artem888881).
diff --git a/datadog/version.py b/datadog/version.py
index 22ffde200..92717f71e 100644
--- a/datadog/version.py
+++ b/datadog/version.py
@@ -1 +1 @@
-__version__ = "0.41.0"
+__version__ = "0.42.0"