diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6181559..cef0fa2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,8 +1,9 @@
 # Changelog
 
-## Next release
+## 5.0.x
 
   * Fix usage with Ecto 3.12. Require Ecto 3.12 or later
+  * Allow inferring type from parent field via new :use_parent_field_for_type option
 
 ## 4.1.x
 
diff --git a/README.md b/README.md
index ab735b7..28c7bfc 100644
--- a/README.md
+++ b/README.md
@@ -273,7 +273,7 @@ Add `polymorphic_embed` for Elixir as a dependency in your `mix.exs` file:
 ```elixir
 def deps do
   [
-    {:polymorphic_embed, "~> 4.1"}
+    {:polymorphic_embed, "~> 5.0"}
   ]
 end
 ```
diff --git a/mix.exs b/mix.exs
index a566bff..06f2d60 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule PolymorphicEmbed.MixProject do
   use Mix.Project
 
-  @version "4.1.1"
+  @version "5.0.0"
 
   def project do
     [