diff --git a/CHANGELOG.md b/CHANGELOG.md
index c5daa0043..05bf8fb9d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,12 @@ OpenNMT-tf follows [semantic versioning 2.0.0](https://semver.org/). The API cov
 
 ### New features
 
+### Fixes and improvements
+
+## [1.7.0](https://github.com/OpenNMT/OpenNMT-tf/releases/tag/v1.7.0) (2018-08-07)
+
+### New features
+
 * Command line option `--session_config` to configure TensorFlow session parameters (see the "Configuration" documentation)
 * `share_embeddings` argument to `SequenceToSequence` models to configure the level of embeddings sharing
 
diff --git a/docs/conf.py b/docs/conf.py
index 5484bd06f..ad2d04004 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -14,8 +14,8 @@
 author = "OpenNMT"
 language = "en"
 
-version = "1.6"  # The short X.Y version.
-release = "1.6.2"  # The full version, including alpha/beta/rc tags.
+version = "1.7"  # The short X.Y version.
+release = "1.7.0"  # The full version, including alpha/beta/rc tags.
 
 source_suffix = ".rst"
 master_doc = "index"
diff --git a/opennmt/__init__.py b/opennmt/__init__.py
index 0114c5ab1..38ddfd645 100644
--- a/opennmt/__init__.py
+++ b/opennmt/__init__.py
@@ -1,6 +1,6 @@
 """OpenNMT module."""
 
-__version__ = "1.6.2"
+__version__ = "1.7.0"
 
 from opennmt import decoders
 from opennmt import encoders
diff --git a/setup.py b/setup.py
index 3bff354df..570a0c11a 100644
--- a/setup.py
+++ b/setup.py
@@ -6,7 +6,7 @@
 
 setup(
     name="OpenNMT-tf",
-    version="1.6.2",
+    version="1.7.0",
     license="MIT",
     description="Neural machine translation and sequence learning using TensorFlow",
     author="OpenNMT",