diff --git a/README.md b/README.md
index 67d931d1a8d..dd4a96a2f18 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 = "1.23.1", features = ["full"] }
+tokio = { version = "1.24.0", features = ["full"] }
 ```
 Then, on your main.rs:
 
diff --git a/tokio/CHANGELOG.md b/tokio/CHANGELOG.md
index 0f1ad8bc61a..8428aad36dc 100644
--- a/tokio/CHANGELOG.md
+++ b/tokio/CHANGELOG.md
@@ -1,3 +1,30 @@
+# 1.24.0 (January 5, 2022)
+
+### Fixed
+ - rt: improve native `AtomicU64` support detection ([#5284])
+
+### Added
+ - rt: add configuration option for max number of I/O events polled from the OS
+   per tick ([#5186])
+ - rt: add an environment variable for configuring the default number of worker
+   threads per runtime instance ([#4250])
+
+### Changed
+ - sync: reduce MPSC channel stack usage ([#5294])
+ - io: reduce lock contention in I/O operations  ([#5300])
+ - fs: speed up `read_dir()` by chunking operations ([#5309])
+ - rt: use internal `ThreadId` implementation ([#5329])
+ - test: don't auto-advance time when a `spawn_blocking` task is running ([#5115])
+
+[#5186]: https://github.com/tokio-rs/tokio/pull/5186
+[#5294]: https://github.com/tokio-rs/tokio/pull/5294
+[#5284]: https://github.com/tokio-rs/tokio/pull/5284
+[#4250]: https://github.com/tokio-rs/tokio/pull/4250
+[#5300]: https://github.com/tokio-rs/tokio/pull/5300
+[#5329]: https://github.com/tokio-rs/tokio/pull/5329
+[#5115]: https://github.com/tokio-rs/tokio/pull/5115
+[#5309]: https://github.com/tokio-rs/tokio/pull/5309
+
 # 1.23.1 (January 4, 2022)
 
 This release forward ports changes from 1.18.4.
diff --git a/tokio/Cargo.toml b/tokio/Cargo.toml
index 1b635360055..6055e78520a 100644
--- a/tokio/Cargo.toml
+++ b/tokio/Cargo.toml
@@ -6,7 +6,7 @@ name = "tokio"
 #   - README.md
 # - Update CHANGELOG.md.
 # - Create "v1.x.y" git tag.
-version = "1.23.1"
+version = "1.24.0"
 edition = "2018"
 rust-version = "1.49"
 authors = ["Tokio Contributors <team@tokio.rs>"]
diff --git a/tokio/README.md b/tokio/README.md
index 67d931d1a8d..dd4a96a2f18 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 = "1.23.1", features = ["full"] }
+tokio = { version = "1.24.0", features = ["full"] }
 ```
 Then, on your main.rs: