diff --git a/CHANGELOG.md b/CHANGELOG.md
index f42b02cc..5cd027bd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,28 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.17.0
+
+**Release date:** 2021-10-28
+
+For this prerelease we focused on further improving the Git implementations, partly
+to increase stability and test coverage, partly to ensure they are prepared to be
+moved out into a separate module. With this work, it is now possible to define just
+a Git commit as a reference, which will result in an `Artifact` with a `Revision`
+format of `HEAD/<commit SHA>`.
+
+For the `go-git` implementation, defining the branch and a commit reference will
+result in a more efficient shallow clone, and using this information when it is
+available to you is therefore encouraged.
+
+Improvements:
+* git: refactor authentication, checkout and verification
+  [#462](https://github.com/fluxcd/source-controller/pull/462)
+
+Fixes:
+* libgit2: handle EOF in parseKnownHosts()
+  [#475](https://github.com/fluxcd/source-controller/pull/475)
+
 ## 0.16.1
 
 **Release date:** 2021-10-22
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index fbd33d89..8515ffb7 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: v0.16.1
+  newTag: v0.17.0
diff --git a/go.mod b/go.mod
index 9eaaed4e..080d6e05 100644
--- a/go.mod
+++ b/go.mod
@@ -19,7 +19,7 @@ require (
 	github.com/fluxcd/pkg/ssh v0.1.0
 	github.com/fluxcd/pkg/untar v0.1.0
 	github.com/fluxcd/pkg/version v0.1.0
-	github.com/fluxcd/source-controller/api v0.16.1
+	github.com/fluxcd/source-controller/api v0.17.0
 	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 v0.4.0