diff --git a/doc/changes/latest.rst b/doc/changes/latest.rst
index 10b06ca38a..ad33fe0b79 100644
--- a/doc/changes/latest.rst
+++ b/doc/changes/latest.rst
@@ -2,11 +2,13 @@
 
 .. include:: names.rst
 
-0.10.1.dev
-==========
+0.10.1rc1
+=========
+
+**Released February 2023**
+
+This is a pre-release.
 
-NEW
----
 
 Fixes
 -----
@@ -21,10 +23,14 @@ Enhancements
 ------------
 
 - Addition to docs to note that :meth:`~maskers.BaseMasker.inverse_transform` only performs spatial unmasking (:gh:`3445` by `Robert Williamson`_).
+
 - Give users control over Butterworth filter (:func:`~signal.butterworth`) parameters in :func:`~signal.clean` and Masker objects as kwargs (:gh:`3478` by `Taylor Salo`_).
+
 - Allow users to output label maps from :func:`~reporting.get_clusters_table` (:gh:`3477` by `Steven Meisler`_).
 
 Changes
 -------
 
 - The documentation for :func:`~image.threshold_img` has been improved, with more information about which voxels are set to 0 and which ones keep their original values (:gh:`3485` by `Rémi Gau`_).
+
+- Modules :mod:`~nilearn.decomposition` and :mod:`~nilearn.decoding` code and docstrings have been reformatted using black. Changes resulted in improved readability overall and increased consistency (:gh:`3491` and :gh:`3484` by `Rémi Gau`_).
diff --git a/nilearn/version.py b/nilearn/version.py
index ee9fae6621..35087ee381 100644
--- a/nilearn/version.py
+++ b/nilearn/version.py
@@ -20,7 +20,7 @@
 # Dev branch marker is: 'X.Y.dev' or 'X.Y.devN' where N is an integer.
 # 'X.Y.dev0' is the canonical version of 'X.Y.dev'
 #
-__version__ = '0.10.1.dev'
+__version__ = '0.10.1rc1'
 
 _NILEARN_INSTALL_MSG = 'See %s for installation information.' % (
     'https://nilearn.github.io/stable/introduction.html#installation')