diff --git a/CHANGELOG.md b/CHANGELOG.md
index defe17f4da3d9e0616ef8e4764ad8c873e3490fe..0605d9c80084ae43a2be1f3b1b25976c7454ade3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,16 @@
+Changes in [37.5.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v37.5.0) (2025-05-06)
+==================================================================================================
+## ✨ Features
+
+* Stabilise MSC3765 ([#4767](https://github.com/matrix-org/matrix-js-sdk/pull/4767)). Contributed by @Johennes.
+* Inherit `methodFactory` extensions from the parent to the child loggers. ([#4809](https://github.com/matrix-org/matrix-js-sdk/pull/4809)). Contributed by @toger5.
+
+## 🐛 Bug Fixes
+
+* [Backport staging] Fix token refresh behaviour for non-expired tokens ([#4827](https://github.com/matrix-org/matrix-js-sdk/pull/4827)). Contributed by @RiotRobot.
+* Refactor how token refreshing works to be more resilient ([#4819](https://github.com/matrix-org/matrix-js-sdk/pull/4819)). Contributed by @t3chguy.
+
+
 Changes in [37.4.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v37.4.0) (2025-04-22)
 ==================================================================================================
 ## ✨ Features
diff --git a/package.json b/package.json
index 4b341cf8c5681c75ccf6b6ba3a598d0f184752ce..44a198e5233769b57026bad311e3e94784889999 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "matrix-js-sdk",
-    "version": "37.4.0",
+    "version": "37.5.0",
     "description": "Matrix Client-Server SDK for Javascript",
     "engines": {
         "node": ">=20.0.0"