diff --git a/CHANGELOG.md b/CHANGELOG.md
index a8a699b3..f0a4cc5f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,19 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.20.1
+
+**Release date:** 2022-01-07
+
+This prerelease comes with an update for `github.com/containerd/containerd` to `v1.5.9`
+to please static security analysers and fix any warnings for CVE-2021-43816.
+
+Improvements:
+- Log the error when tmp cleanup fails
+  [#533](https://github.com/fluxcd/source-controller/pull/533)
+- Update containerd to v1.5.9 (fix CVE-2021-43816)
+  [#532](https://github.com/fluxcd/source-controller/pull/532)
+
 ## 0.20.0
 
 **Release date:** 2022-01-05
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index e09ee6a3..64b39017 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 images:
 - name: fluxcd/source-controller
   newName: fluxcd/source-controller
-  newTag: v0.20.0
+  newTag: v0.20.1
diff --git a/go.mod b/go.mod
index 29beba58..9db5e8b0 100644
--- a/go.mod
+++ b/go.mod
@@ -18,7 +18,7 @@ require (
 	github.com/fluxcd/pkg/ssh v0.2.0
 	github.com/fluxcd/pkg/untar v0.1.0
 	github.com/fluxcd/pkg/version v0.1.0
-	github.com/fluxcd/source-controller/api v0.20.0
+	github.com/fluxcd/source-controller/api v0.20.1
 	github.com/go-git/go-billy/v5 v5.3.1
 	github.com/go-git/go-git/v5 v5.4.2
 	github.com/go-logr/logr v1.2.2