diff --git a/CHANGELOG.md b/CHANGELOG.md
index e32505cd3..383649551 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 0.48.0 / 2024-01-12
+
+* [Added] Improve forking support. See [#804](https://github.com/DataDog/datadogpy/pull/804).
+* [Fixed] Close socket during initialization. See [#808](https://github.com/DataDog/datadogpy/pull/808).
+* [Fixed] Update payload size when updating socket path. See [#807](https://github.com/DataDog/datadogpy/pull/807).
+* [Fixed] Fix stale client_transport tag. See [#802](https://github.com/DataDog/datadogpy/pull/802).
+* [Fixed] Provide backwards compatible telemetry counters. See [#801](https://github.com/DataDog/datadogpy/pull/801).
+
 ## 0.47.0 / 2023-09-06
 
 * [Added] Add IPv6 support for dogstatsd. See [#791](https://github.com/DataDog/datadogpy/pull/791).
diff --git a/datadog/version.py b/datadog/version.py
index b87d64aa2..3158ac8cd 100644
--- a/datadog/version.py
+++ b/datadog/version.py
@@ -1 +1 @@
-__version__ = "0.47.1.dev"
+__version__ = "0.48.0"