diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9b6a4b3d..a0847d8b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,18 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.24.1
+
+**Release date:** 2022-04-22
+
+This prerelease fixes a regression bug where the controller would panic in
+further to be identified edge-case scenarios in which a `HelmRepository`
+Artifact would not have a size.
+
+Fixes:
+- Fix panic when HelmRepository's artifact size is nil
+  [#683](https://github.com/fluxcd/source-controller/pull/683)
+
 ## 0.24.0
 
 **Release date:** 2022-04-19
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index fe56f86a..fcdc5525 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: v0.24.0
+  newTag: v0.24.1
diff --git a/go.mod b/go.mod
index 3a6ce339..e3becf0a 100644
--- a/go.mod
+++ b/go.mod
@@ -29,7 +29,7 @@ require (
 	github.com/fluxcd/pkg/testserver 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 v0.24.0
+	github.com/fluxcd/source-controller/api v0.24.1
 	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 v1.2.3