diff --git a/README.md b/README.md
index 877f84283d4..1cce34aeeff 100644
--- a/README.md
+++ b/README.md
@@ -56,7 +56,7 @@ Make sure you activated the full features of the tokio crate on Cargo.toml:
 
 ```toml
 [dependencies]
-tokio = { version = "1.16.1", features = ["full"] }
+tokio = { version = "1.17.0", features = ["full"] }
 ```
 Then, on your main.rs:
 
diff --git a/tokio/CHANGELOG.md b/tokio/CHANGELOG.md
index 4a2eafe0f18..3f69f09364f 100644
--- a/tokio/CHANGELOG.md
+++ b/tokio/CHANGELOG.md
@@ -1,3 +1,63 @@
+# 1.17.0 (February 16, 2022)
+
+This release updates the minimum supported Rust version (MSRV) to 1.49, the
+`mio` dependency to v0.8, and the (optional) `parking_lot` dependency to v0.12.
+Additionally, it contains several bug fixes, as well as internal refactoring and
+performance improvements.
+
+### Fixed
+
+- time: prevent panicking in `sleep` with large durations ([#4495])
+- time: eliminate potential panics in `Instant` arithmetic on platforms where
+  `Instant::now` is not monotonic ([#4461])
+- io: fix `DuplexStream` not participating in cooperative yielding ([#4478])
+- rt: fix potential double panic when dropping a `JoinHandle` ([#4430])
+
+### Changed
+
+- update minimum supported Rust version to 1.49 ([#4457])
+- update `parking_lot` dependency to v0.12.0 ([#4459])
+- update `mio` dependency to v0.8 ([#4449])
+- rt: remove an unnecessary lock in the blocking pool ([#4436])
+- rt: remove an unnecessary enum in the basic scheduler ([#4462])
+- time: use bit manipulation instead of modulo to improve performance ([#4480])
+- net: use `std::future::Ready` instead of our own `Ready` future ([#4271])
+- replace deprecated `atomic::spin_loop_hint` with `hint::spin_loop` ([#4491])
+- fix miri failures in intrusive linked lists ([#4397]) 
+
+### Documented
+
+- io: add an example for `tokio::process::ChildStdin` ([#4479])
+
+### Unstable
+
+The following changes only apply when building with `--cfg tokio_unstable`:
+
+- task: fix missing location information in `tracing` spans generated by
+  `spawn_local` ([#4483])
+- task: add `JoinSet` for managing sets of tasks ([#4335])
+- metrics: fix compilation error on MIPS ([#4475])
+- metrics: fix compilation error on arm32v7 ([#4453])
+
+[#4495]: https://github.com/tokio-rs/tokio/pull/4495
+[#4461]: https://github.com/tokio-rs/tokio/pull/4461
+[#4478]: https://github.com/tokio-rs/tokio/pull/4478
+[#4430]: https://github.com/tokio-rs/tokio/pull/4430
+[#4457]: https://github.com/tokio-rs/tokio/pull/4457
+[#4459]: https://github.com/tokio-rs/tokio/pull/4459
+[#4449]: https://github.com/tokio-rs/tokio/pull/4449
+[#4462]: https://github.com/tokio-rs/tokio/pull/4462
+[#4436]: https://github.com/tokio-rs/tokio/pull/4436
+[#4480]: https://github.com/tokio-rs/tokio/pull/4480
+[#4271]: https://github.com/tokio-rs/tokio/pull/4271
+[#4491]: https://github.com/tokio-rs/tokio/pull/4491
+[#4397]: https://github.com/tokio-rs/tokio/pull/4397
+[#4479]: https://github.com/tokio-rs/tokio/pull/4479
+[#4483]: https://github.com/tokio-rs/tokio/pull/4483
+[#4335]: https://github.com/tokio-rs/tokio/pull/4335
+[#4475]: https://github.com/tokio-rs/tokio/pull/4475
+[#4453]: https://github.com/tokio-rs/tokio/pull/4453
+
 # 1.16.1 (January 28, 2022)
 
 This release fixes a bug in [#4428] with the change [#4437].
diff --git a/tokio/Cargo.toml b/tokio/Cargo.toml
index 5c3a2cffc38..ba165d2556c 100644
--- a/tokio/Cargo.toml
+++ b/tokio/Cargo.toml
@@ -6,7 +6,7 @@ name = "tokio"
 #   - README.md
 # - Update CHANGELOG.md.
 # - Create "v1.0.x" git tag.
-version = "1.16.1"
+version = "1.17.0"
 edition = "2018"
 rust-version = "1.49"
 authors = ["Tokio Contributors <team@tokio.rs>"]
diff --git a/tokio/README.md b/tokio/README.md
index 877f84283d4..1cce34aeeff 100644
--- a/tokio/README.md
+++ b/tokio/README.md
@@ -56,7 +56,7 @@ Make sure you activated the full features of the tokio crate on Cargo.toml:
 
 ```toml
 [dependencies]
-tokio = { version = "1.16.1", features = ["full"] }
+tokio = { version = "1.17.0", features = ["full"] }
 ```
 Then, on your main.rs: