diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 47f2358a..ca75bd25 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,7 +2,7 @@
 History
 =======
 
-master (XXXX-XX-XX)
+1.7.0 (2020-06-05)
 --------------------
 
 * Feature: Add support for the optional 'networks' parameter on server creation.
diff --git a/hcloud/__version__.py b/hcloud/__version__.py
index c5d8cd84..81af4830 100644
--- a/hcloud/__version__.py
+++ b/hcloud/__version__.py
@@ -1 +1 @@
-VERSION = '1.6.3'
+VERSION = '1.7.0'