diff --git a/CHANGELOG/v1.17.0.md b/CHANGELOG/v1.17.0.md
new file mode 100644
index 00000000000..0aaaa2c31a3
--- /dev/null
+++ b/CHANGELOG/v1.17.0.md
@@ -0,0 +1,142 @@
+## Changes by Kind
+
+### Feature
+
+- Flavor templates may now set the AzureClusterIdentity's `spec.type` with the `CLUSTER_IDENTITY_TYPE` variable. ([#5059](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5059), [@nojnhuh](https://github.com/nojnhuh))
+- Use make aks-create tilt-up to use aks cluster as management cluster ([#5064](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5064), [@nawazkh](https://github.com/nawazkh))
+
+### Documentation
+
+- Fix documentation links hard-coded to capz.k8s.io ([#5123](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5123), [@willie-yao](https://github.com/willie-yao))
+- Refactor documentation ([#5088](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5088), [@dtzar](https://github.com/dtzar))
+- Update roadmap ([#5085](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5085), [@dtzar](https://github.com/dtzar))
+
+### Bug or Regression
+
+- Add "cluster" type to subnet role validation ([#5133](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5133), [@mboersma](https://github.com/mboersma))
+- Ensure Machines with delete-machine annotation are deleted first ([#4949](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/4949), [@mweibel](https://github.com/mweibel))
+- Fixed a bug causing AzureMachinePool to endlessly reconcile when a tag is applied to a VMSS by an external actor like Azure Policy ([#5020](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5020), [@nojnhuh](https://github.com/nojnhuh))
+- Fixed a bug causing unnecessary updates to tags to VMSS resources. ([#5054](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5054), [@nojnhuh](https://github.com/nojnhuh))
+- Fixed a bug preventing the ASOAPI feature flag from being enabled by default. ([#5093](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5093), [@nojnhuh](https://github.com/nojnhuh))
+- Fixed a bug with AzureASOManagedMachinePools preventing it from mapping Nodes when the AKS node resource group is more than 63 characters long. ([#5055](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5055), [@nojnhuh](https://github.com/nojnhuh))
+- Fixed an issue preventing CAPZ from reconciling non-ServicePrincipal-authenticated, AAD-enabled AKS clusters. ([#5071](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5071), [@nojnhuh](https://github.com/nojnhuh))
+- Fixes a few edge cases related to deleting a MachinePool ([#4959](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/4959), [@mweibel](https://github.com/mweibel))
+- Identity type is required to be 'UserAssigned' when using user-assigned identities. ([#5102](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5102), [@bryan-cox](https://github.com/bryan-cox))
+- Refactor method for checking if a virtual network is managed ([#5012](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5012), [@hrbasic](https://github.com/hrbasic))
+- If a FailureDomain is set in a Machine, an availability set won't be created for it even if cluster.status.failureDomains is empty ([#5098](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5098), [@enxebre](https://github.com/enxebre))
+
+### Other (Cleanup or Flake)
+
+- Bump CAPI to v1.7.5 ([#5072](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5072), [@mboersma](https://github.com/mboersma))
+- Bump CAPI to v1.8.1 ([#5057](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5057), [@mboersma](https://github.com/mboersma))
+- Bump CAPI to v1.8.3 ([#5128](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5128), [@mboersma](https://github.com/mboersma))
+- Drop LOCAL_ONLY env var from the test scripts. ([#4998](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/4998), [@nawazkh](https://github.com/nawazkh))
+- Update mdbook website dependencies ([#5083](https://github.com/kubernetes-sigs/cluster-api-provider-azure/pull/5083), [@dtzar](https://github.com/dtzar))
+
+## Dependencies
+
+### Added
+- github.com/Azure/azure-sdk-for-go/sdk/keyvault/azsecrets: [v0.12.0](https://github.com/Azure/azure-sdk-for-go/tree/sdk/keyvault/azsecrets/v0.12.0)
+- github.com/Azure/azure-sdk-for-go/sdk/keyvault/internal: [v0.7.1](https://github.com/Azure/azure-sdk-for-go/tree/sdk/keyvault/internal/v0.7.1)
+- github.com/Azure/azure-sdk-for-go/sdk/resourcemanager/internal/v3: [v3.0.0](https://github.com/Azure/azure-sdk-for-go/tree/sdk/resourcemanager/internal/v3/v3.0.0)
+- github.com/fxamacker/cbor/v2: [v2.6.0](https://github.com/fxamacker/cbor/tree/v2.6.0)
+- github.com/golang-jwt/jwt: [v3.2.1+incompatible](https://github.com/golang-jwt/jwt/tree/v3.2.1)
+- github.com/hashicorp/errwrap: [v1.1.0](https://github.com/hashicorp/errwrap/tree/v1.1.0)
+- github.com/hashicorp/go-multierror: [v1.1.1](https://github.com/hashicorp/go-multierror/tree/v1.1.1)
+- github.com/moby/docker-image-spec: [v1.3.1](https://github.com/moby/docker-image-spec/tree/v1.3.1)
+- github.com/x448/float16: [v0.8.4](https://github.com/x448/float16/tree/v0.8.4)
+- k8s.io/gengo/v2: 51d4e06
+
+### Changed
+- cloud.google.com/go/firestore: v1.14.0 → v1.15.0
+- cloud.google.com/go/longrunning: v0.5.4 → v0.5.5
+- cloud.google.com/go: v0.110.10 → v0.112.1
+- github.com/Azure/azure-kusto-go: [v0.15.1 → v0.15.3](https://github.com/Azure/azure-kusto-go/compare/v0.15.1...v0.15.3)
+- github.com/Azure/azure-sdk-for-go/sdk/azcore: [v1.12.0 → v1.14.0](https://github.com/Azure/azure-sdk-for-go/compare/sdk/azcore/v1.12.0...sdk/azcore/v1.14.0)
+- github.com/Azure/azure-sdk-for-go/sdk/internal: [v1.9.0 → v1.10.0](https://github.com/Azure/azure-sdk-for-go/compare/sdk/internal/v1.9.0...sdk/internal/v1.10.0)
+- github.com/Azure/azure-sdk-for-go/sdk/resourcemanager/storage/armstorage: [v1.5.0 → v1.6.0](https://github.com/Azure/azure-sdk-for-go/compare/sdk/resourcemanager/storage/armstorage/v1.5.0...sdk/resourcemanager/storage/armstorage/v1.6.0)
+- github.com/Azure/go-autorest/autorest/adal: [v0.9.23 → v0.9.24](https://github.com/Azure/go-autorest/compare/autorest/adal/v0.9.23...autorest/adal/v0.9.24)
+- github.com/BurntSushi/toml: [v1.2.1 → v1.4.0](https://github.com/BurntSushi/toml/compare/v1.2.1...v1.4.0)
+- github.com/adrg/xdg: [v0.4.0 → v0.5.0](https://github.com/adrg/xdg/compare/v0.4.0...v0.5.0)
+- github.com/alessio/shellescape: [v1.4.1 → v1.4.2](https://github.com/alessio/shellescape/compare/v1.4.1...v1.4.2)
+- github.com/coredns/caddy: [v1.1.0 → v1.1.1](https://github.com/coredns/caddy/compare/v1.1.0...v1.1.1)
+- github.com/coredns/corefile-migration: [v1.0.21 → v1.0.23](https://github.com/coredns/corefile-migration/compare/v1.0.21...v1.0.23)
+- github.com/distribution/reference: [v0.5.0 → v0.6.0](https://github.com/distribution/reference/compare/v0.5.0...v0.6.0)
+- github.com/docker/docker: [v25.0.5+incompatible → v27.1.1+incompatible](https://github.com/docker/docker/compare/v25.0.5...v27.1.1)
+- github.com/fatih/color: [v1.16.0 → v1.17.0](https://github.com/fatih/color/compare/v1.16.0...v1.17.0)
+- github.com/google/pprof: [a892ee0 → fa2c70b](https://github.com/google/pprof/compare/a892ee0...fa2c70b)
+- github.com/googleapis/gax-go/v2: [v2.12.0 → v2.12.3](https://github.com/googleapis/gax-go/compare/v2.12.0...v2.12.3)
+- github.com/hashicorp/consul/api: [v1.25.1 → v1.28.2](https://github.com/hashicorp/consul/compare/api/v1.25.1...api/v1.28.2)
+- github.com/klauspost/compress: [v1.17.0 → v1.17.2](https://github.com/klauspost/compress/compare/v1.17.0...v1.17.2)
+- github.com/nats-io/nats.go: [v1.31.0 → v1.34.0](https://github.com/nats-io/nats.go/compare/v1.31.0...v1.34.0)
+- github.com/nats-io/nkeys: [v0.4.6 → v0.4.7](https://github.com/nats-io/nkeys/compare/v0.4.6...v0.4.7)
+- github.com/onsi/ginkgo/v2: [v2.19.0 → v2.20.2](https://github.com/onsi/ginkgo/compare/v2.19.0...v2.20.2)
+- github.com/onsi/gomega: [v1.33.1 → v1.34.2](https://github.com/onsi/gomega/compare/v1.33.1...v1.34.2)
+- github.com/pelletier/go-toml/v2: [v2.1.0 → v2.2.2](https://github.com/pelletier/go-toml/compare/v2.1.0...v2.2.2)
+- github.com/sagikazarmark/crypt: [v0.17.0 → v0.19.0](https://github.com/sagikazarmark/crypt/compare/v0.17.0...v0.19.0)
+- github.com/spf13/viper: [v1.18.2 → v1.19.0](https://github.com/spf13/viper/compare/v1.18.2...v1.19.0)
+- github.com/stretchr/objx: [v0.5.0 → v0.5.2](https://github.com/stretchr/objx/compare/v0.5.0...v0.5.2)
+- go.etcd.io/etcd/api/v3: v3.5.13 → v3.5.15
+- go.etcd.io/etcd/client/pkg/v3: v3.5.13 → v3.5.15
+- go.etcd.io/etcd/client/v2: v2.305.10 → v2.305.12
+- go.etcd.io/etcd/client/v3: v3.5.13 → v3.5.15
+- go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc: v0.46.0 → v0.49.0
+- go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp: v0.46.0 → v0.52.0
+- go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel/exporters/otlp/otlptrace: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel/metric: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel/sdk/metric: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel/sdk: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel/trace: v1.24.0 → v1.27.0
+- go.opentelemetry.io/otel: v1.24.0 → v1.27.0
+- go.opentelemetry.io/proto/otlp: v1.1.0 → v1.3.1
+- go.uber.org/atomic: v1.10.0 → v1.9.0
+- go.uber.org/zap: v1.26.0 → v1.27.0
+- golang.org/x/crypto: v0.25.0 → v0.27.0
+- golang.org/x/exp: 7f521ea → 8a7402a
+- golang.org/x/mod: v0.19.0 → v0.21.0
+- golang.org/x/net: v0.26.0 → v0.28.0
+- golang.org/x/sync: v0.7.0 → v0.8.0
+- golang.org/x/sys: v0.22.0 → v0.25.0
+- golang.org/x/term: v0.22.0 → v0.24.0
+- golang.org/x/text: v0.16.0 → v0.18.0
+- golang.org/x/tools: v0.22.0 → v0.24.0
+- google.golang.org/api: v0.153.0 → v0.171.0
+- google.golang.org/genproto: bbf56f3 → 012b6fc
+- k8s.io/api: v0.29.3 → v0.30.3
+- k8s.io/apiextensions-apiserver: v0.29.3 → v0.30.3
+- k8s.io/apimachinery: v0.29.3 → v0.30.3
+- k8s.io/apiserver: v0.29.3 → v0.30.3
+- k8s.io/cli-runtime: v0.29.3 → v0.30.3
+- k8s.io/client-go: v0.29.3 → v0.30.3
+- k8s.io/cloud-provider: v0.29.3 → v0.30.2
+- k8s.io/cluster-bootstrap: v0.29.3 → v0.30.3
+- k8s.io/code-generator: v0.29.3 → v0.30.3
+- k8s.io/component-base: v0.29.3 → v0.30.3
+- k8s.io/component-helpers: v0.29.3 → v0.30.3
+- k8s.io/controller-manager: v0.29.3 → v0.30.2
+- k8s.io/kms: v0.29.3 → v0.30.3
+- k8s.io/kube-openapi: 2dd684a → 835d969
+- k8s.io/kubectl: v0.29.3 → v0.30.3
+- k8s.io/kubelet: v0.29.3 → v0.30.2
+- k8s.io/metrics: v0.29.3 → v0.30.3
+- sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader: v0.0.1 → v0.0.16
+- sigs.k8s.io/cloud-provider-azure/pkg/azclient: v0.0.2 → v0.0.29
+- sigs.k8s.io/cloud-provider-azure: v1.29.3 → v1.30.4
+- sigs.k8s.io/cluster-api/test: v1.7.4 → v1.8.3
+- sigs.k8s.io/cluster-api: v1.7.4 → v1.8.3
+- sigs.k8s.io/controller-runtime: v0.17.3 → v0.18.5
+- sigs.k8s.io/kind: v0.23.0 → v0.24.0
+
+### Removed
+- github.com/chromedp/cdproto: [3cf4e6d](https://github.com/chromedp/cdproto/tree/3cf4e6d)
+- github.com/chromedp/chromedp: [v0.9.2](https://github.com/chromedp/chromedp/tree/v0.9.2)
+- github.com/chromedp/sysutil: [v1.0.0](https://github.com/chromedp/sysutil/tree/v1.0.0)
+- github.com/gobwas/httphead: [v0.1.0](https://github.com/gobwas/httphead/tree/v0.1.0)
+- github.com/gobwas/pool: [v0.2.1](https://github.com/gobwas/pool/tree/v0.2.1)
+- github.com/gobwas/ws: [v1.2.1](https://github.com/gobwas/ws/tree/v1.2.1)
+- k8s.io/gengo: 9cce18d
+
+## Details
+<!-- markdown-link-check-disable-next-line -->
+https://github.com/kubernetes-sigs/cluster-api-provider-azure/compare/v1.16.0...v1.17.0