diff --git a/CHANGELOG.md b/CHANGELOG.md
index 588b97bc..46fe3618 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,25 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.11.0
+
+**Release date:** 2021-03-31
+
+This prerelease comes with support for
+[Git submodules](https://github.com/fluxcd/source-controller/blob/api/v0.11.0/docs/spec/v1beta1/gitrepositories.md#git-submodules)
+and [self-signed TLS certs](https://github.com/fluxcd/source-controller/blob/api/v0.11.0/docs/spec/v1beta1/gitrepositories.md#https-self-signed-certificates)
+when using `gitProvider: go-git`.
+
+Features:
+* Add support for Git submodules with go-git
+  [#327](https://github.com/fluxcd/source-controller/pull/327)
+* Enable self-signed certs for go-git
+  [#324](https://github.com/fluxcd/source-controller/pull/324)
+
+Improvements:
+* Add well-known CI configs to exclusion list
+  [#329](https://github.com/fluxcd/source-controller/pull/329)
+
 ## 0.10.0
 
 **Release date:** 2021-03-26
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 9b5e463b..6e9fbae1 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: v0.10.0
+  newTag: v0.11.0
diff --git a/go.mod b/go.mod
index ffac9cef..eac89da8 100644
--- a/go.mod
+++ b/go.mod
@@ -17,7 +17,7 @@ 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 v0.10.0
+	github.com/fluxcd/source-controller/api v0.11.0
 	github.com/go-git/go-billy/v5 v5.1.0
 	github.com/go-git/go-git/v5 v5.3.0
 	github.com/go-logr/logr v0.3.0