diff --git a/changelog/upgrade-notes.md b/changelog/upgrade-notes.md
index 4d4d903493e..3b686ca1181 100644
--- a/changelog/upgrade-notes.md
+++ b/changelog/upgrade-notes.md
@@ -1,6 +1,6 @@
 ## Upgrade notes
 
-### Next version
+### 7.5.0
 
 #### Hit detection with Text fill
 
diff --git a/changelog/v7.5.0.md b/changelog/v7.5.0.md
new file mode 100644
index 00000000000..3c18edd756d
--- /dev/null
+++ b/changelog/v7.5.0.md
@@ -0,0 +1,124 @@
+# 7.5.0
+
+The 7.5 release includes a solid batch of new features and fixes.  Among the improvements, you'll find more control over label decluttering, improved WebGL semi-transparent tile rendering, more consistency hit detecting transparent items, improvements with WebGL vector rendering, fixes for raster source loading, and more.
+
+No special changes should be required when upgrading from previous 7.x releases.  See the [upgrade notes](./upgrade-notes.md) for a few minor changes in behavior.
+
+#### List of all changes
+
+See below for a complete list of features and fixes.
+
+ * New flushDeclutterItems() map method to control declutter stack (by @ahocevar in https://github.com/openlayers/openlayers/pull/14971)
+ * Render VectorLayer when ReplayGroup is empty but render listener exists (by @M393 in https://github.com/openlayers/openlayers/pull/14984)
+ * Improve the description of the Coordinate type (by @Isti115 in https://github.com/openlayers/openlayers/pull/14994)
+ * Use none to avoid hit detection of text fills (by @tschaub in https://github.com/openlayers/openlayers/pull/14992)
+ * Reorganise old no fill / transparent fill tests (by @mike-000 in https://github.com/openlayers/openlayers/pull/14982)
+ * Migrate to @rollup/plugin-terser (by @bjornharrtell in https://github.com/openlayers/openlayers/pull/14985)
+ * WebGLTile: Properly render semi-transparent tiles (by @puckipedia in https://github.com/openlayers/openlayers/pull/14983)
+ * Hit detect transparent fill and backgroundFill in Text styles (by @mike-000 in https://github.com/openlayers/openlayers/pull/14943)
+ * Hit detect images even if zero opacity (by @mike-000 in https://github.com/openlayers/openlayers/pull/14939)
+ * Fix test for keyboard zoom on a Mac (by @fjellfly in https://github.com/openlayers/openlayers/pull/14977)
+ * Apply dashed line hit detection to all geometry types (by @mike-000 in https://github.com/openlayers/openlayers/pull/14938)
+ * npx update-browserslist-db@latest (by @ahocevar in https://github.com/openlayers/openlayers/pull/14975)
+ * fix #14968 (by @tanhh326 in https://github.com/openlayers/openlayers/pull/14972)
+ * Don't overwrite browser zoom shortcuts (by @fjellfly in https://github.com/openlayers/openlayers/pull/14946)
+ * Add upgrade note about start/end textAlign fix (by @ahocevar in https://github.com/openlayers/openlayers/pull/14970)
+ * Fix textAlign start/end for placement: line (by @ahocevar in https://github.com/openlayers/openlayers/pull/14932)
+ * Cannot create polygon from empty extent (by @mike-000 in https://github.com/openlayers/openlayers/pull/14962)
+ * Use Terrarium tiles in Shaded Relief examples (by @mike-000 in https://github.com/openlayers/openlayers/pull/14957)
+ * fix Style RenderFunction type (by @tanhh326 in https://github.com/openlayers/openlayers/pull/14956)
+ * Update TileJSON source url (by @mike-000 in https://github.com/openlayers/openlayers/pull/14937)
+ * Slightly enhance documentation for circle radius (by @openlayers in https://github.com/openlayers/openlayers/pull/14951)
+ * More WebGL TileHelper cleanup (by @ahocevar in https://github.com/openlayers/openlayers/pull/14935)
+ * Better types for more timeouts (by @mike-000 in https://github.com/openlayers/openlayers/pull/14934)
+ * WebGL helper improvements (by @ahocevar in https://github.com/openlayers/openlayers/pull/14929)
+ * Use new headless option for Puppeteer (by @ahocevar in https://github.com/openlayers/openlayers/pull/14928)
+ * Add typedef, use underscore for private methods (by @mike-000 in https://github.com/openlayers/openlayers/pull/14925)
+ * Fix infinite tile rendering loop and incomplete images in Raster source (by @ahocevar in https://github.com/openlayers/openlayers/pull/14922)
+ * Remove .nvmrc (by @ahocevar in https://github.com/openlayers/openlayers/pull/14917)
+ * Remove reference to ES5 (by @mike-000 in https://github.com/openlayers/openlayers/pull/14907)
+ * Draw features style example (by @ahocevar in https://github.com/openlayers/openlayers/pull/14920)
+ * Fix cluster source handling of points with null geometry (by @roemhildtg in https://github.com/openlayers/openlayers/pull/14915)
+ * Avoid line dash flicker in Measure examples (by @mike-000 in https://github.com/openlayers/openlayers/pull/14918)
+ * Use `touch-action: none;` for elements in viewport (by @mike-000 in https://github.com/openlayers/openlayers/pull/14906)
+ * return last snapTo feature (by @fmg-lydonchandra in https://github.com/openlayers/openlayers/pull/14676)
+ * Fix dynamic background color (by @kikuchan in https://github.com/openlayers/openlayers/pull/14895)
+ * Remove marked warning (by @ahocevar in https://github.com/openlayers/openlayers/pull/14878)
+ * Update concepts.md (by @barnoma-soz in https://github.com/openlayers/openlayers/pull/14882)
+ * Fix VectorImageLayer opacity (by @MrLynx93 in https://github.com/openlayers/openlayers/pull/14867)
+ * Another attempt to avoid missing tiles with the Raster source (by @ahocevar in https://github.com/openlayers/openlayers/pull/14856)
+ * Avoid missing tiles for Raster source using Tile layers or sources (by @ahocevar in https://github.com/openlayers/openlayers/pull/14853)
+ * WebGL / Support styles with only fill, stroke or symbol, better defaults (by @jahow in https://github.com/openlayers/openlayers/pull/14840)
+ * Use MapTiler Coordinates API to find proj4 transforms without `+nadgrids` for `fromEPSGCode()` (by @mike-000 in https://github.com/openlayers/openlayers/pull/14692)
+ * Remove pointer events polyfill from examples (by @ahocevar in https://github.com/openlayers/openlayers/pull/14816)
+ * Optionally show or hide Bing 'placeholder' tiles (by @Shane98c in https://github.com/openlayers/openlayers/pull/14832)
+ * Expressions / add `geometry-type` operator, fix exponential `interpolate` (by @jahow in https://github.com/openlayers/openlayers/pull/14837)
+ * Test image with less text for lower font engine sensitivity (by @ahocevar in https://github.com/openlayers/openlayers/pull/14828)
+ * Add support for 'in' and 'sqrt' operators in expressions (by @jahow in https://github.com/openlayers/openlayers/pull/14803)
+ * Rework webgl points hit detection (by @gberaudo in https://github.com/openlayers/openlayers/pull/14806)
+ * send 'loadend' event on layer image load failure (by @Tobias43 in https://github.com/openlayers/openlayers/pull/14810)
+ * Add option-based support for options.target in ZoomSlider (by @Pierstoval in https://github.com/openlayers/openlayers/pull/14807)
+ * Update reference image for changed type system on CI (by @ahocevar in https://github.com/openlayers/openlayers/pull/14805)
+ * Update sponsors (by @ahocevar in https://github.com/openlayers/openlayers/pull/14789)
+ * Fix ufos example with type hint (by @MoonE in https://github.com/openlayers/openlayers/pull/14791)
+ * Miscellaneous rich text documentation fixes (by @mike-000 in https://github.com/openlayers/openlayers/pull/14790)
+ * Get a pixel perfect match WMS image (by @sbrunner in https://github.com/openlayers/openlayers/pull/14719)
+ * Updates for the 7.4.0 release (by @openlayers in https://github.com/openlayers/openlayers/pull/14787)
+
+
+<details>
+  <summary>Dependency Updates</summary>
+
+ * Bump puppeteer from 20.9.0 to 21.0.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14980)
+ * Bump marked from 5.1.2 to 7.0.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14981)
+ * Bump handlebars from 4.7.7 to 4.7.8 (by @openlayers in https://github.com/openlayers/openlayers/pull/14979)
+ * Bump marked from 5.1.1 to 5.1.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14960)
+ * Bump eslint from 8.45.0 to 8.46.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14959)
+ * Bump @metalsmith/in-place from 4.6.0 to 5.0.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14940)
+ * Bump puppeteer from 20.8.2 to 20.9.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14942)
+ * Bump webpack from 5.88.1 to 5.88.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14941)
+ * Bump eslint from 8.44.0 to 8.45.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14903)
+ * Bump @octokit/rest from 19.0.13 to 20.0.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14905)
+ * Bump metalsmith from 2.6.0 to 2.6.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14904)
+ * Bump puppeteer from 20.8.0 to 20.8.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14902)
+ * Bump @rollup/plugin-commonjs from 25.0.2 to 25.0.3 (by @openlayers in https://github.com/openlayers/openlayers/pull/14901)
+ * Bump globby from 13.2.1 to 13.2.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14890)
+ * Bump puppeteer from 20.7.4 to 20.8.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14889)
+ * Bump marked from 5.1.0 to 5.1.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14888)
+ * Bump semver from 7.5.3 to 7.5.4 (by @openlayers in https://github.com/openlayers/openlayers/pull/14887)
+ * Bump webpack from 5.88.0 to 5.88.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14874)
+ * Bump globby from 13.2.0 to 13.2.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14876)
+ * Bump eslint from 8.43.0 to 8.44.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14875)
+ * Bump typescript from 5.1.3 to 5.1.6 (by @openlayers in https://github.com/openlayers/openlayers/pull/14873)
+ * Bump puppeteer from 20.7.3 to 20.7.4 (by @openlayers in https://github.com/openlayers/openlayers/pull/14872)
+ * Bump sinon from 15.1.2 to 15.2.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14863)
+ * Bump webpack from 5.87.0 to 5.88.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14862)
+ * Bump @rollup/plugin-commonjs from 25.0.1 to 25.0.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14860)
+ * Bump puppeteer from 20.7.2 to 20.7.3 (by @openlayers in https://github.com/openlayers/openlayers/pull/14861)
+ * Bump semver from 7.5.2 to 7.5.3 (by @openlayers in https://github.com/openlayers/openlayers/pull/14864)
+ * Bump webpack from 5.86.0 to 5.87.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14848)
+ * Bump globby from 13.1.4 to 13.2.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14847)
+ * Bump puppeteer from 20.7.1 to 20.7.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14846)
+ * Bump @octokit/rest from 19.0.11 to 19.0.13 (by @openlayers in https://github.com/openlayers/openlayers/pull/14845)
+ * Bump sinon from 15.1.0 to 15.1.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14844)
+ * Bump semver from 7.5.1 to 7.5.2 (by @openlayers in https://github.com/openlayers/openlayers/pull/14843)
+ * Bump eslint from 8.42.0 to 8.43.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14842)
+ * Bump puppeteer from 20.5.0 to 20.7.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14829)
+ * Bump webpack-cli from 5.1.3 to 5.1.4 (by @openlayers in https://github.com/openlayers/openlayers/pull/14824)
+ * Bump @rollup/plugin-commonjs from 25.0.0 to 25.0.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14821)
+ * Bump marked from 5.0.4 to 5.1.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14819)
+ * Bump webpack-dev-server from 4.15.0 to 4.15.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14822)
+ * Bump webpack from 5.85.1 to 5.86.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14823)
+ * Bump @metalsmith/markdown from 1.9.2 to 1.10.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14818)
+ * Bump ol-mapbox-style from 10.5.0 to 10.6.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14794)
+ * Bump webpack from 5.84.1 to 5.85.1 (by @openlayers in https://github.com/openlayers/openlayers/pull/14804)
+ * Bump metalsmith from 2.5.1 to 2.6.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14801)
+ * Bump @rollup/plugin-node-resolve from 15.0.2 to 15.1.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14798)
+ * Bump eslint from 8.41.0 to 8.42.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14797)
+ * Bump typescript from 5.0.4 to 5.1.3 (by @openlayers in https://github.com/openlayers/openlayers/pull/14795)
+ * Bump webpack-cli from 5.1.1 to 5.1.3 (by @openlayers in https://github.com/openlayers/openlayers/pull/14802)
+ * Bump puppeteer from 20.4.0 to 20.5.0 (by @openlayers in https://github.com/openlayers/openlayers/pull/14799)
+ * Bump marked from 5.0.3 to 5.0.4 (by @openlayers in https://github.com/openlayers/openlayers/pull/14796)
+
+
+</details>
diff --git a/package-lock.json b/package-lock.json
index 26abf529ca7..2ba64f9e4c5 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "ol",
-  "version": "7.4.1-dev",
+  "version": "7.5.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "ol",
-      "version": "7.4.1-dev",
+      "version": "7.5.0",
       "license": "BSD-2-Clause",
       "dependencies": {
         "earcut": "^2.2.3",
diff --git a/package.json b/package.json
index 9aab794a970..fb8ca79ce32 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ol",
-  "version": "7.4.1-dev",
+  "version": "7.5.0",
   "description": "OpenLayers mapping library",
   "keywords": [
     "map",