diff --git a/CHANGELOG.md b/CHANGELOG.md
index 433b2430..e2419307 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,14 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.5.6
+
+**Release date:** 2020-12-18
+
+This prerelease fixes a regression bug that made it impossible to
+reference to a `HelmChart.ValuesFile` in a path relative to the
+root of the `Bucket` or `GitRepository` source.
+
 ## 0.5.5
 
 **Release date:** 2020-12-16
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 93cb0686..dda9a0bf 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: v0.5.5
+  newTag: v0.5.6
diff --git a/go.mod b/go.mod
index d1e46323..103ac59e 100644
--- a/go.mod
+++ b/go.mod
@@ -16,7 +16,7 @@ require (
 	github.com/fluxcd/pkg/ssh v0.0.5
 	github.com/fluxcd/pkg/untar v0.0.5
 	github.com/fluxcd/pkg/version v0.0.1
-	github.com/fluxcd/source-controller/api v0.5.5
+	github.com/fluxcd/source-controller/api v0.5.6
 	github.com/go-git/go-billy/v5 v5.0.0
 	github.com/go-git/go-git/v5 v5.2.0
 	github.com/go-logr/logr v0.2.1