diff --git a/CHANGELOG.md b/CHANGELOG.md
index 04b9851d..79f92048 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
+## v7.4.1
+
+05 Mar 2024
+
+Bug Fixes:
+
+- Skip constraint path check ([#2038](https://github.com/jazzband/pip-tools/pull/2038)).
+  Thanks @honnix
+- 🐛 Fix collecting deps for all extras in multiple input packages
+  ([#1981](https://github.com/jazzband/pip-tools/pull/1981)). Thanks @dragly
+
 ## v7.4.0
 
+16 Feb 2024
+
 Features:
 
 - Allow force-enabling or force-disabling colorized output
diff --git a/README.md b/README.md
index ba353cd4..d3721a9c 100644
--- a/README.md
+++ b/README.md
@@ -447,7 +447,7 @@ Sample `.pre-commit-config.yaml`:
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.4.0
+    rev: 7.4.1
     hooks:
       - id: pip-compile
 ```
@@ -457,7 +457,7 @@ You might want to customize `pip-compile` args by configuring `args` and/or `fil
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.4.0
+    rev: 7.4.1
     hooks:
       - id: pip-compile
         files: ^requirements/production\.(in|txt)$
@@ -469,7 +469,7 @@ If you have multiple requirement files make sure you create a hook for each file
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.4.0
+    rev: 7.4.1
     hooks:
       - id: pip-compile
         name: pip-compile setup.py