diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 95e6f664..935170e8 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -5,6 +5,40 @@ Openstack Cloud Ansilbe modules Release Notes
 .. contents:: Topics
 
 
+v1.2.1
+======
+
+Release Summary
+---------------
+
+Porting modules to new OpenstackModule class and fixes.
+
+Minor Changes
+-------------
+
+- dns_zone - Migrating dns_zone from AnsibleModule to OpenStackModule
+- dns_zone, recordset - Enable update for recordset and add tests for dns and recordset module
+- endpoint - Do not fail when endpoint state is absent
+- ironic - Refactor ironic authentication into a new module_utils module
+- loadbalancer - Refactor loadbalancer module
+- network - Migrating network from AnsibleModule to OpenStackModule
+- networks_info - Migrating networks_info from AnsibleModule to OpenStackModule
+- openstack - Add galaxy.yml to support install from git
+- openstack - Fix docs-args mismatch in modules
+- openstack - OpenStackModule Support defining a minimum version of the SDK
+- router - Migrating routers from AnsibleModule to OpenStackModule
+- routers_info - Added deprecated_names for router_info module
+- routers_info - Migrating routers_info from AnsibleModule to OpenStackModule
+- security_group.py - Migrating security_group from AnsibleModule to OpenStackModule
+- security_group_rule - Refactor TCP/UDP port check
+- server.py - Improve "server" module with OpenstackModule class
+- server_volume - Migrating server_volume from AnsibleModule to OpenStackModule
+- subnet - Fix subnets update and idempotency
+- subnet - Migrating subnet module from AnsibleModule to OpenStackModule
+- subnets_info - Migrating subnets_info from AnsibleModule to OpenStackModule
+- volume.py - Migrating volume from AnsibleModule to OpenStackModule
+- volume_info - Fix volume_info arguments for SDK 0.19
+
 v1.2.0
 ======
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index d8a720ea..209317b0 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -1,4 +1,31 @@
 releases:
+  1.2.1:
+    release_date: '2021-01-03'
+    changes:
+      release_summary: Porting modules to new OpenstackModule class and fixes.
+      minor_changes:
+        - dns_zone, recordset - Enable update for recordset and add tests for dns and recordset module
+        - loadbalancer - Refactor loadbalancer module
+        - openstack - OpenStackModule Support defining a minimum version of the SDK
+        - ironic - Refactor ironic authentication into a new module_utils module
+        - endpoint - Do not fail when endpoint state is absent
+        - subnet - Fix subnets update and idempotency
+        - volume_info - Fix volume_info arguments for SDK 0.19
+        - routers_info - Added deprecated_names for router_info module
+        - security_group_rule - Refactor TCP/UDP port check
+        - openstack - Fix docs-args mismatch in modules
+        - security_group.py - Migrating security_group from AnsibleModule to OpenStackModule
+        - router - Migrating routers from AnsibleModule to OpenStackModule
+        - server_volume - Migrating server_volume from AnsibleModule to OpenStackModule
+        - dns_zone - Migrating dns_zone from AnsibleModule to OpenStackModule
+        - network - Migrating network from AnsibleModule to OpenStackModule
+        - routers_info - Migrating routers_info from AnsibleModule to OpenStackModule
+        - networks_info - Migrating networks_info from AnsibleModule to OpenStackModule
+        - subnets_info - Migrating subnets_info from AnsibleModule to OpenStackModule
+        - server.py - Improve "server" module with OpenstackModule class
+        - volume.py - Migrating volume from AnsibleModule to OpenStackModule
+        - subnet - Migrating subnet module from AnsibleModule to OpenStackModule
+        - openstack - Add galaxy.yml to support install from git
   1.2.0:
     release_date: '2020-10-13'
     changes:
diff --git a/galaxy.yml b/galaxy.yml
index a04ba9b9..16cf7e50 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -33,4 +33,4 @@ build_ignore:
   - contrib
   - changelogs/.plugin-cache.yaml
   - changelogs/fragments
-version: 1.2.1-dev
+version: 1.2.1