diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index 905cef6d..0ef4a6c9 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,7 +1,7 @@
 {
     "packages/hardhat-zksync-deploy": "1.5.0",
     "packages/hardhat-zksync-solc": "1.2.5",
-    "packages/hardhat-zksync-upgradable": "1.6.0",
+    "packages/hardhat-zksync-upgradable": "1.7.0",
     "packages/hardhat-zksync-vyper": "1.1.0",
     "packages/hardhat-zksync-verify": "1.6.0",
     "packages/hardhat-zksync": "1.2.0",
diff --git a/packages/hardhat-zksync-upgradable/CHANGELOG.md b/packages/hardhat-zksync-upgradable/CHANGELOG.md
index e9cd4678..fa7ff53c 100644
--- a/packages/hardhat-zksync-upgradable/CHANGELOG.md
+++ b/packages/hardhat-zksync-upgradable/CHANGELOG.md
@@ -1,5 +1,12 @@
 # @matterlabs/hardhat-zksync-upgradable
 
+## [1.7.0](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-upgradable-v1.6.0...@matterlabs/hardhat-zksync-upgradable-v1.7.0) (2024-10-01)
+
+
+### Features
+
+* bump openzeppelin contracts to v5 ([#1463](https://github.com/matter-labs/hardhat-zksync/issues/1463)) ([ebb668b](https://github.com/matter-labs/hardhat-zksync/commit/ebb668b0f88a39f23009d8697bb6d7e534d46928))
+
 ## [1.6.0](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-upgradable-v1.5.2...@matterlabs/hardhat-zksync-upgradable-v1.6.0) (2024-09-16)
 
 
diff --git a/packages/hardhat-zksync-upgradable/package.json b/packages/hardhat-zksync-upgradable/package.json
index f57596fc..5b1f4de0 100644
--- a/packages/hardhat-zksync-upgradable/package.json
+++ b/packages/hardhat-zksync-upgradable/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@matterlabs/hardhat-zksync-upgradable",
-  "version": "1.6.0",
+  "version": "1.7.0",
   "description": "Hardhat plugin to deploy and update upgradable smart contracts for the ZKsync network",
   "repository": "github:matter-labs/hardhat-zksync",
   "homepage": "https://github.com/matter-labs/hardhat-zksync/tree/main/packages/hardhat-zksync-upgradable",