diff --git a/CHANGELOG.md b/CHANGELOG.md
index fe02b1a89fe39..09692b54178ce 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 8.3.21
+
+This release of Teleport contains a bug fix and a performance improvement.
+
+* Fixed issue with Kubernetes proxy caching client credentials between different login sessions. [#18114](https://github.com/gravitational/teleport/pull/18114)
+* Improved performance by reducing number of roundtrips to the cluster by various clients. [#17805](https://github.com/gravitational/teleport/pull/17805), [#17799](https://github.com/gravitational/teleport/pull/17799)
+
 ## 8.3.20
 
 This release of Teleport contains a security fix as well as multiple improvements and bug fixes.
diff --git a/Makefile b/Makefile
index 7340d06d2a3dd..ce7c35fa49829 100644
--- a/Makefile
+++ b/Makefile
@@ -11,7 +11,7 @@
 #   Stable releases:   "1.0.0"
 #   Pre-releases:      "1.0.0-alpha.1", "1.0.0-beta.2", "1.0.0-rc.3"
 #   Master/dev branch: "1.0.0-dev"
-VERSION=8.3.20
+VERSION=8.3.21
 
 DOCKER_IMAGE_QUAY ?= quay.io/gravitational/teleport
 DOCKER_IMAGE_ECR ?= public.ecr.aws/gravitational/teleport
diff --git a/api/version.go b/api/version.go
index a74e8954605c0..a2b2dc5d8ae26 100644
--- a/api/version.go
+++ b/api/version.go
@@ -3,7 +3,7 @@
 package api
 
 const (
-	Version = "8.3.20"
+	Version = "8.3.21"
 )
 
 // Gitref variable is automatically set to the output of git-describe
diff --git a/examples/chart/teleport-cluster/Chart.yaml b/examples/chart/teleport-cluster/Chart.yaml
index 9a76b00a6b9b2..55bf571e19b4f 100644
--- a/examples/chart/teleport-cluster/Chart.yaml
+++ b/examples/chart/teleport-cluster/Chart.yaml
@@ -1,7 +1,7 @@
 name: teleport-cluster
 apiVersion: v2
-version: "8.3.20"
-appVersion: "8.3.20"
+version: "8.3.21"
+appVersion: "8.3.21"
 description: Teleport is a unified access plane for your infrastructure
 icon: https://goteleport.com/images/logos/logo-teleport-square.svg
 keywords:
diff --git a/examples/chart/teleport-kube-agent/Chart.yaml b/examples/chart/teleport-kube-agent/Chart.yaml
index 17fcb7a7b2d04..41ef0986d4720 100644
--- a/examples/chart/teleport-kube-agent/Chart.yaml
+++ b/examples/chart/teleport-kube-agent/Chart.yaml
@@ -1,7 +1,7 @@
 name: teleport-kube-agent
 apiVersion: v2
-version: "8.3.20"
-appVersion: "8.3.20"
+version: "8.3.21"
+appVersion: "8.3.21"
 description: Teleport provides a secure SSH and Kubernetes remote access solution that doesn't get in the way.
 icon: https://goteleport.com/images/logos/logo-teleport-square.svg
 keywords:
diff --git a/version.go b/version.go
index 0a3cd8ac08b79..e52deb0f854ac 100644
--- a/version.go
+++ b/version.go
@@ -3,7 +3,7 @@
 package teleport
 
 const (
-	Version = "8.3.20"
+	Version = "8.3.21"
 )
 
 // Gitref variable is automatically set to the output of git-describe