diff --git a/packages/nx/src/command-line/release/changelog.ts b/packages/nx/src/command-line/release/changelog.ts
index ea076efe2c956..344f9faf48b2e 100644
--- a/packages/nx/src/command-line/release/changelog.ts
+++ b/packages/nx/src/command-line/release/changelog.ts
@@ -397,8 +397,16 @@ export async function releaseChangelog(
       continue;
     }
     for (const project of releaseGroup.projects) {
+      // If the project does not have any changes, do not process its dependents
+      if (
+        !projectsVersionData[project] ||
+        projectsVersionData[project].newVersion === null
+      ) {
+        continue;
+      }
+
       const dependentProjects = (
-        projectsVersionData[project]?.dependentProjects || []
+        projectsVersionData[project].dependentProjects || []
       )
         .map((dep) => {
           return {