diff --git a/CHANGELOG.md b/CHANGELOG.md
index dd49b9b4..64f6992f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.20.3](https://github.com/GoogleCloudPlatform/cloud-sql-python-connector/compare/v1.20.2...v1.20.3) (2026-05-12)
+
+
+### Bug Fixes
+
+* Update dependencies to latest as of 2026-05-04 ([#1406](https://github.com/GoogleCloudPlatform/cloud-sql-python-connector/issues/1406)) ([d1282d8](https://github.com/GoogleCloudPlatform/cloud-sql-python-connector/commit/d1282d88fc884be954e1f38cfaa62be2c03b2ee0))
+
 ## [1.20.2](https://github.com/GoogleCloudPlatform/cloud-sql-python-connector/compare/v1.20.1...v1.20.2) (2026-04-17)
 
 
diff --git a/google/cloud/sql/connector/version.py b/google/cloud/sql/connector/version.py
index 9169d20d..64c323da 100644
--- a/google/cloud/sql/connector/version.py
+++ b/google/cloud/sql/connector/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.20.2"
+__version__ = "1.20.3"