diff --git a/VERSION b/VERSION
index b48b2de9d9..70bc9a9f64 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-4.7.4
+4.7.5
diff --git a/doc/changelog.rst b/doc/changelog.rst
index 6e10b899e6..6a720db13d 100644
--- a/doc/changelog.rst
+++ b/doc/changelog.rst
@@ -6,6 +6,17 @@ Change Log
 
 .. towncrier release notes start
 
+QuTiP 4.7.5 (2024-01-29)
+========================
+
+Patch release for QuTiP 4.7. It adds support for SciPy 1.12.
+
+Bug Fixes
+---------
+
+- Remove use of scipy.<numpy-func> in parallel.py, incompatible with scipy==1.12 (#2305 by Evan McKinney)
+
+
 QuTiP 4.7.4 (2024-01-15)
 ========================
 
diff --git a/doc/changes/2305.bugfix b/doc/changes/2305.bugfix
deleted file mode 100644
index 7d37258c30..0000000000
--- a/doc/changes/2305.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Remove use of scipy.<numpy-func> in parallel.py, incompatible with scipy==1.12