diff --git a/CHANGELOG.md b/CHANGELOG.md
index bcbecce5272..8f97f05c16b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,30 +8,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ---
 
-## [UnReleased] - 2024-MM-DD
-
-### Added
-
--
-
-
-### Changed
-
--
-
-
-### Removed
-
--
-
+## [1.5.1] - 2024-10-22
 
 ### Fixed
 
 - Changing `_modules` dict type in Pytorch 2.5 preventing to fail collections metrics ([#2793](https://github.com/Lightning-AI/torchmetrics/pull/2793))
 
 
----
-
 ## [1.5.0] - 2024-10-18
 
 ### Added
diff --git a/setup.py b/setup.py
index 6f2e6f06455..2324b660cc0 100755
--- a/setup.py
+++ b/setup.py
@@ -245,5 +245,6 @@ def _prepare_extras(skip_pattern: str = "^_", skip_files: Tuple[str] = ("base.tx
             "Programming Language :: Python :: 3.9",
             "Programming Language :: Python :: 3.10",
             "Programming Language :: Python :: 3.11",
+            "Programming Language :: Python :: 3.12",
         ],
     )
diff --git a/src/torchmetrics/__about__.py b/src/torchmetrics/__about__.py
index 2acf435134a..8ae351f52f5 100644
--- a/src/torchmetrics/__about__.py
+++ b/src/torchmetrics/__about__.py
@@ -1,4 +1,4 @@
-__version__ = "1.6.0dev"
+__version__ = "1.5.1"
 __author__ = "Lightning-AI et al."
 __author_email__ = "name@pytorchlightning.ai"
 __license__ = "Apache-2.0"