diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7fe9975283c33..7a7177fff221f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [1.138.1](https://github.com/aws/aws-cdk/compare/v1.138.0...v1.138.1) (2022-01-07)
+
+
+### Bug Fixes
+
+* **lambda-python:** asset files are generated inside the 'asset-input' folder ([#18306](https://github.com/aws/aws-cdk/issues/18306)) ([b00b44e](https://github.com/aws/aws-cdk/commit/b00b44efd6e402744725e711906b456a28cebc5b))
+
 ## [1.138.0](https://github.com/aws/aws-cdk/compare/v1.137.0...v1.138.0) (2022-01-04)
 
 
diff --git a/version.v1.json b/version.v1.json
index 7dc0a8b892bd8..35cef8a7a0a74 100644
--- a/version.v1.json
+++ b/version.v1.json
@@ -1,3 +1,3 @@
 {
-  "version": "1.138.0"
+  "version": "1.138.1"
 }
\ No newline at end of file