diff --git a/CHANGES.md b/CHANGES.md
index 671995c..f124bb1 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,5 +1,16 @@
 # python-socketio change log
 
+**Release 5.0.0** - 2020-12-07
+
+- Update to match the JavaScript Socket.IO 3.x releases (Socket.IO v5 protocol revision)
+    - v5 protocol: do not connect the default namespace unless requested explicitly ([commit](https://github.com/miguelgrinberg/python-socketio/commit/49822e6919d3de9d52f6dde32c7f04ad62d73990))
+    - v5 protocol: handle per-namespace sids in base manager ([commit](https://github.com/miguelgrinberg/python-socketio/commit/308b0c8eeb71e1fead35d19088a3291a15ccd50a))
+    - v5 protocol: rename ERROR packet to CONNECT_ERROR ([commit](https://github.com/miguelgrinberg/python-socketio/commit/4940fc1e1e2ddc86c28cd3b626dad75d6845243f))
+    - v5 protocol: use Engine.IO 4.x
+- Remove unnecessary binary argument ([commit](https://github.com/miguelgrinberg/python-socketio/commit/9270a5bcf85785935520ef816d314a5e197ed227))
+- Remove dependency on the six package ([commit](https://github.com/miguelgrinberg/python-socketio/commit/f6eeedb767614fb68b41927c8fd620c95cafcc6c))
+- Added version compatibility chart to README ([commit](https://github.com/miguelgrinberg/python-socketio/commit/342ca0bb9da8b9ea6c63aa3bd05a37903416d301))
+
 **Release 4.6.1** - 2020-11-28
 
 - Added troubleshooting section to the documentation ([commit](https://github.com/miguelgrinberg/python-socketio/commit/48906071307d79df356379fe6e05a73b0c65d9d4))
diff --git a/socketio/__init__.py b/socketio/__init__.py
index 2b27257..4668573 100644
--- a/socketio/__init__.py
+++ b/socketio/__init__.py
@@ -27,7 +27,7 @@ else:  # pragma: no cover
     AsyncRedisManager = None
     AsyncAioPikaManager = None
 
-__version__ = '4.6.2dev'
+__version__ = '5.0.0'
 
 __all__ = ['__version__', 'Client', 'Server', 'BaseManager', 'PubSubManager',
            'KombuManager', 'RedisManager', 'ZmqManager', 'KafkaManager',