diff --git a/CHANGELOG.md b/CHANGELOG.md
index 65092d05e1be..5bd92e910f00 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,66 @@
 # Changelog
 
+## 2021.7.2 (23 July 2021)
+
+### Enhancements
+
+1. Update `debugpy` with fix for https://github.com/microsoft/debugpy/issues/669.
+
+### Thanks
+
+Thanks to the following projects which we fully rely on to provide some of
+our features:
+
+-   [debugpy](https://pypi.org/project/debugpy/)
+-   [isort](https://pypi.org/project/isort/)
+-   [jedi](https://pypi.org/project/jedi/)
+    and [parso](https://pypi.org/project/parso/)
+-   [jedi-language-server](https://pypi.org/project/jedi-language-server/)
+-   [Microsoft Python Language Server](https://github.com/microsoft/python-language-server)
+-   [Pylance](https://github.com/microsoft/pylance-release)
+-   [exuberant ctags](http://ctags.sourceforge.net/) (user-installed)
+-   [rope](https://pypi.org/project/rope/) (user-installed)
+
+Also thanks to the various projects we provide integrations with which help
+make this extension useful:
+
+-   Debugging support:
+    [Django](https://pypi.org/project/Django/),
+    [Flask](https://pypi.org/project/Flask/),
+    [gevent](https://pypi.org/project/gevent/),
+    [Jinja](https://pypi.org/project/Jinja/),
+    [Pyramid](https://pypi.org/project/pyramid/),
+    [PySpark](https://pypi.org/project/pyspark/),
+    [Scrapy](https://pypi.org/project/Scrapy/),
+    [Watson](https://pypi.org/project/Watson/)
+-   Formatting:
+    [autopep8](https://pypi.org/project/autopep8/),
+    [black](https://pypi.org/project/black/),
+    [yapf](https://pypi.org/project/yapf/)
+-   Interpreter support:
+    [conda](https://conda.io/),
+    [direnv](https://direnv.net/),
+    [pipenv](https://pypi.org/project/pipenv/),
+    [pyenv](https://github.com/pyenv/pyenv),
+    [venv](https://docs.python.org/3/library/venv.html#module-venv),
+    [virtualenv](https://pypi.org/project/virtualenv/)
+-   Linting:
+    [bandit](https://pypi.org/project/bandit/),
+    [flake8](https://pypi.org/project/flake8/),
+    [mypy](https://pypi.org/project/mypy/),
+    [prospector](https://pypi.org/project/prospector/),
+    [pylint](https://pypi.org/project/pylint/),
+    [pydocstyle](https://pypi.org/project/pydocstyle/),
+    [pylama](https://pypi.org/project/pylama/)
+-   Testing:
+    [nose](https://pypi.org/project/nose/),
+    [pytest](https://pypi.org/project/pytest/),
+    [unittest](https://docs.python.org/3/library/unittest.html#module-unittest)
+
+And finally thanks to the [Python](https://www.python.org/) development team and
+community for creating a fantastic programming language and community to be a
+part of!
+
 ## 2021.7.1 (21 July 2021)
 
 ### Enhancements
diff --git a/package-lock.json b/package-lock.json
index 729b55619aa8..3b51c5642264 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
     "name": "python",
-    "version": "2021.7.1",
+    "version": "2021.7.2",
     "lockfileVersion": 1,
     "requires": true,
     "dependencies": {
diff --git a/package.json b/package.json
index 29893bdd498a..f43ad91590c3 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
     "name": "python",
     "displayName": "Python",
     "description": "IntelliSense (Pylance), Linting, Debugging (multi-threaded, remote), Jupyter Notebooks, code formatting, refactoring, unit tests, and more.",
-    "version": "2021.7.1",
+    "version": "2021.7.2",
     "featureFlags": {
         "usingNewInterpreterStorage": true
     },