diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 938e9bf..c8f5b36 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-    ".": "5.0.3"
+    ".": "5.1.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c58c3fc..aa056b3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Changelog
 
+## [5.1.0](https://github.com/Flagsmith/flagsmith-python-client/compare/v5.0.3...v5.1.0) (2026-01-05)
+
+### Features
+
+- added-trait-model-type ([#186](https://github.com/Flagsmith/flagsmith-python-client/issues/186))
+  ([5c865ce](https://github.com/Flagsmith/flagsmith-python-client/commit/5c865cefd90d0ab8dc139e5d608809c3d03105a7))
+
+### CI
+
+- pre-commit autoupdate ([#180](https://github.com/Flagsmith/flagsmith-python-client/issues/180))
+  ([cafb3e2](https://github.com/Flagsmith/flagsmith-python-client/commit/cafb3e209491afa66f9b84e6b8aeb81c2b220a07))
+- pre-commit autoupdate ([#185](https://github.com/Flagsmith/flagsmith-python-client/issues/185))
+  ([ef13716](https://github.com/Flagsmith/flagsmith-python-client/commit/ef13716013313ab5eaaaf4de3ca577707ea82a75))
+
+### Other
+
+- **deps:** bump urllib3 from 2.5.0 to 2.6.0 ([#184](https://github.com/Flagsmith/flagsmith-python-client/issues/184))
+  ([efd43fd](https://github.com/Flagsmith/flagsmith-python-client/commit/efd43fd01d0b591ee3583a3ebf13846cc129f5e9))
+
 ## [5.0.3](https://github.com/Flagsmith/flagsmith-python-client/compare/v5.0.2...v5.0.3) (2025-11-25)
 
 ### Bug Fixes
diff --git a/pyproject.toml b/pyproject.toml
index c4b405d..762de5a 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "flagsmith"
-version = "5.0.3"
+version = "5.1.0"
 description = "Flagsmith Python SDK"
 authors = ["Flagsmith <support@flagsmith.com>"]
 license = "BSD3"