diff --git a/CHANGELOG.md b/CHANGELOG.md
index c78dc23162e..e3961ac434d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,40 @@
 # Change Log
 
+## [1.2.1] - 2022-09-16
+
+### Changed
+- Bump `poetry-core` to [`1.2.0`](https://github.com/python-poetry/poetry-core/releases/tag/1.2.0).
+- Bump `poetry-plugin-export` to [`^1.0.7`](https://github.com/python-poetry/poetry-plugin-export/releases/tag/1.0.7).
+
+### Fixed
+
+- Fix an issue where `poetry cache clear` did not respect the `-n/--no-interaction` flag ([#6338](https://github.com/python-poetry/poetry/pull/6338)).
+- Fix an issue where `poetry lock --no-update` updated dependencies from non-PyPI package sources ([#6335](https://github.com/python-poetry/poetry/pull/6335)).
+- Fix a `poetry install` performance regression by falling back to internal pip ([#6062](https://github.com/python-poetry/poetry/pull/6062)).
+- Fix an issue where a virtual environment was created unnecessarily when running `poetry export` ([#6282](https://github.com/python-poetry/poetry/pull/6282)).
+- Fix an issue where `poetry lock --no-update` added duplicate hashes to the lock file ([#6389](https://github.com/python-poetry/poetry/pull/6389)).
+- Fix an issue where `poetry install` fails because of missing hashes for `url` dependencies ([#6389](https://github.com/python-poetry/poetry/pull/6389)).
+- Fix an issue where Poetry was not able to update pip in Windows virtual environments ([#6430](https://github.com/python-poetry/poetry/pull/6430)).
+- Fix an issue where Poetry was not able to install releases that contained less common link types ([#5767](https://github.com/python-poetry/poetry/pull/5767)).
+- Fix a `poetry lock` performance regression when checking non-PyPI sources for yanked versions ([#6442](https://github.com/python-poetry/poetry/pull/6442)).
+- Fix an issue where `--no-cache` was not respected when running `poetry install` ([#6479](https://github.com/python-poetry/poetry/pull/6479)).
+- Fix an issue where deprecation warnings for `--dev` were missing ([#6475](https://github.com/python-poetry/poetry/pull/6475)).
+- Fix an issue where Git dependencies failed to clone when `insteadOf` was used in `.gitconfig` using the Dulwich Git client ([#6506](https://github.com/python-poetry/poetry/pull/6506)).
+- Fix an issue where no cache entry is found when calling `poetry cache clear` with a non-normalized package name ([#6537](https://github.com/python-poetry/poetry/pull/6537)).
+- Fix an invalid virtualenv constraint on Poetry ([#6402](https://github.com/python-poetry/poetry/pull/6402)).
+- Fix outdated build system requirements for Poetry ([#6509](https://github.com/python-poetry/poetry/pull/6509)).
+
+### Docs
+
+- Add missing path segment to paths used by install.python-poetry.org ([#6311](https://github.com/python-poetry/poetry/pull/6311)).
+- Add recommendations about how to install Poetry in a CI environment ([#6345](https://github.com/python-poetry/poetry/pull/6345)).
+- Fix examples for `--with` and `--without` ([#6318](https://github.com/python-poetry/poetry/pull/6318)).
+- Update configuration folder path for macOS ([#6395](https://github.com/python-poetry/poetry/pull/6395)).
+- Improve the description of the `virtualenv.create` option ([#6460](https://github.com/python-poetry/poetry/pull/6460)).
+- Clarify that `poetry install` removes dependencies of non-installed extras ([#6229](https://github.com/python-poetry/poetry/pull/6229)).
+- Add a note about `pre-commit autoupdate` and Poetry's hooks ([#6497](https://github.com/python-poetry/poetry/pull/6497)).
+
+
 ## [1.2.0] - 2022-08-31
 
 ### Docs
@@ -1509,7 +1544,8 @@ Initial release
 
 
 
-[Unreleased]: https://github.com/python-poetry/poetry/compare/1.2.0...master
+[Unreleased]: https://github.com/python-poetry/poetry/compare/1.2.1...master
+[1.2.1]: https://github.com/python-poetry/poetry/releases/tag/1.2.1
 [1.2.0]: https://github.com/python-poetry/poetry/releases/tag/1.2.0
 [1.2.0rc2]: https://github.com/python-poetry/poetry/releases/tag/1.2.0rc2
 [1.2.0rc1]: https://github.com/python-poetry/poetry/releases/tag/1.2.0rc1
diff --git a/poetry.lock b/poetry.lock
index 301bc130f8a..26316b7197a 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -513,7 +513,7 @@ testing = ["pytest", "pytest-benchmark"]
 
 [[package]]
 name = "poetry-core"
-version = "1.1.0"
+version = "1.2.0"
 description = "Poetry PEP 517 Build Backend"
 category = "main"
 optional = false
@@ -524,15 +524,15 @@ importlib-metadata = {version = ">=1.7.0", markers = "python_version < \"3.8\""}
 
 [[package]]
 name = "poetry-plugin-export"
-version = "1.0.6"
+version = "1.0.7"
 description = "Poetry plugin to export the dependencies to various formats"
 category = "main"
 optional = false
 python-versions = ">=3.7,<4.0"
 
 [package.dependencies]
-poetry = ">=1.2.0b3,<2.0.0"
-poetry-core = ">=1.1.0b3,<2.0.0"
+poetry = ">=1.2.0,<2.0.0"
+poetry-core = ">=1.1.0,<2.0.0"
 
 [[package]]
 name = "pre-commit"
@@ -976,7 +976,7 @@ testing = ["func-timeout", "jaraco.itertools", "pytest (>=6)", "pytest-black (>=
 [metadata]
 lock-version = "1.1"
 python-versions = "^3.7"
-content-hash = "f3c24c195d3a6a611c5f52d3d40d6e36dcdf8fa931ddc3fda88575d24af81841"
+content-hash = "a3480636766bb3c5c00e1ed48b6b70136726754001837ef7515c6b355fa35812"
 
 [metadata.files]
 attrs = [
@@ -1380,12 +1380,12 @@ pluggy = [
     {file = "pluggy-1.0.0.tar.gz", hash = "sha256:4224373bacce55f955a878bf9cfa763c1e360858e330072059e10bad68531159"},
 ]
 poetry-core = [
-    {file = "poetry-core-1.1.0.tar.gz", hash = "sha256:d145ae121cf79118a8901b60f2c951c4edcc16f55eb8aaefc156aa33aa921f07"},
-    {file = "poetry_core-1.1.0-py3-none-any.whl", hash = "sha256:da16a12054bf3f1ff8656d4c289f99c3d6b7704d272fb174004c4dc82e045954"},
+    {file = "poetry-core-1.2.0.tar.gz", hash = "sha256:ceccec95487e46c63a41761fbac5211b809bca22658e25a049f4c7da96269f71"},
+    {file = "poetry_core-1.2.0-py3-none-any.whl", hash = "sha256:e248d36c1314dd60fbc66390791923ad8b58c629d3e587080b7c1537a1c0d30f"},
 ]
 poetry-plugin-export = [
-    {file = "poetry-plugin-export-1.0.6.tar.gz", hash = "sha256:af870afceb38e583afa57bcfadfa5cd35ebd74e35aacadcb802bb3a073c13adb"},
-    {file = "poetry_plugin_export-1.0.6-py3-none-any.whl", hash = "sha256:55ae87d4560a6a3f96e04eba63c78cadbd0410e9652dee0ee1cde93281e9cb48"},
+    {file = "poetry-plugin-export-1.0.7.tar.gz", hash = "sha256:f6ac707ae227b06b2481249ed2678ff6b810b3487cac0fbb66eb0dc2bfd6ecf1"},
+    {file = "poetry_plugin_export-1.0.7-py3-none-any.whl", hash = "sha256:dd9d4552e7113a86c97908c13b9a439cb46830f247c7e4969e46a0d8d70e4d3f"},
 ]
 pre-commit = [
     {file = "pre_commit-2.20.0-py2.py3-none-any.whl", hash = "sha256:51a5ba7c480ae8072ecdb6933df22d2f812dc897d5fe848778116129a681aac7"},
diff --git a/pyproject.toml b/pyproject.toml
index 77b851ce7f6..c38762d3838 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "poetry"
-version = "1.2.0"
+version = "1.2.1"
 description = "Python dependency management and packaging made easy."
 authors = [
     "Sébastien Eustace <sebastien@eustace.io>",
@@ -44,8 +44,8 @@ generate-setup-file = false
 [tool.poetry.dependencies]
 python = "^3.7"
 
-poetry-core = "1.1.0"
-poetry-plugin-export = "^1.0.6"
+poetry-core = "1.2.0"
+poetry-plugin-export = "^1.0.7"
 "backports.cached-property" = { version = "^1.0.2", python = "<3.8" }
 cachecontrol = { version = "^0.12.9", extras = ["filecache"] }
 cachy = "^0.3.0"