diff --git a/docs/en/docs/release-notes.md b/docs/en/docs/release-notes.md
index f3f3a0e85..b5b3e5b0f 100644
--- a/docs/en/docs/release-notes.md
+++ b/docs/en/docs/release-notes.md
@@ -7,6 +7,8 @@ hide:
 
 ## Latest Changes
 
+## 0.123.1
+
 ### Fixes
 
 * 🐛 Avoid accessing non-existing "$ref" key for Pydantic v2 compat remapping. PR [#14361](https://github.com/fastapi/fastapi/pull/14361) by [@svlandeg](https://github.com/svlandeg).
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index 25ed2bbeb..4f6982035 100644
--- a/fastapi/__init__.py
+++ b/fastapi/__init__.py
@@ -1,6 +1,6 @@
 """FastAPI framework, high performance, easy to learn, fast to code, ready for production"""
 
-__version__ = "0.123.0"
+__version__ = "0.123.1"
 
 from starlette import status as status