diff --git a/CHANGELOG.md b/CHANGELOG.md
index c1b2ee1..1c7f21b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 <!--next-version-placeholder-->
 
+## v0.7.0 (2023-09-07)
+
+### Feature
+
+* Add timeout functionality to ophyd devices ([`c80d9ab`](https://gitlab.psi.ch/bec/ophyd_devices/-/commit/c80d9ab29bcc85a46b59f3be8fb86b990c3ed299))
+
 ## v0.6.0 (2023-09-07)
 
 ### Feature
diff --git a/setup.py b/setup.py
index 34b0d0c..acbc01b 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup
 
-__version__ = "0.6.0"
+__version__ = "0.7.0"
 
 if __name__ == "__main__":
     setup(