diff --git a/CMakeLists.txt b/CMakeLists.txt
index a3f1d19c..f47eb310 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.10.2 FATAL_ERROR)
 #============================================================================
 # Initialize the project
 #============================================================================
-project(ignition-common3 VERSION 3.16.0)
+project(ignition-common3 VERSION 3.17.0)
 
 #============================================================================
 # Find ignition-cmake
diff --git a/Changelog.md b/Changelog.md
index dfd6c1b2..f9de00e1 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,5 +1,16 @@
 ## Gazebo Common 3.x
 
+## Gazebo Common 3.17.0 (2024-01-05)
+
+1. Fix error output when creating directories
+    * [Pull request #561](https://github.com/gazebosim/gz-common/pull/561)
+
+1. Update github action workflows
+    * [Pull request #558](https://github.com/gazebosim/gz-common/pull/558)
+
+1. Fix segfault in case of no write access to log dir
+    * [Pull request #546](https://github.com/gazebosim/gz-common/pull/546)
+
 ## Gazebo Common 3.16.0 (2023-06-05)
 
 1. Include cstdint to build with GCC 13