diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 88588de47a3..1fb83bd7510 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -288,9 +288,9 @@ jobs:
       run: |
         # Check the install instructions on https://pytorch.org/ to keep these up-to-date.
         if [[ $CUDA == '10.2' ]]; then
-            echo "DOCKER_TORCH_VERSION='torch==1.7.0'" >> $GITHUB_ENV;
+            echo "DOCKER_TORCH_VERSION='torch==1.7.1'" >> $GITHUB_ENV;
         elif [[ $CUDA == '11.0' ]]; then
-            echo "DOCKER_TORCH_VERSION='torch==1.7.0+cu110 -f https://download.pytorch.org/whl/torch_stable.html'" >> $GITHUB_ENV;
+            echo "DOCKER_TORCH_VERSION='torch==1.7.1+cu110 -f https://download.pytorch.org/whl/torch_stable.html'" >> $GITHUB_ENV;
         else
             echo "Unhandled CUDA version $CUDA";
             exit 1;
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 00fde9da198..06512f99dc1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,10 +12,15 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Added a new learning rate scheduler: `CombinedLearningRateScheduler`. This can be used to combine different LR schedulers, using one after the other.
 
+### Changed
+
+- Torch version bumped to 1.7.1 in Docker images.
+
 ### Fixed
 
 - Fixed typo with `LabelField` string representation: removed trailing apostrophe.
 
+
 ## [v1.3.0](https://github.com/allenai/allennlp/releases/tag/v1.3.0) - 2020-12-15
 
 ### Added
diff --git a/Makefile b/Makefile
index e43fde04e53..25ee0a77400 100644
--- a/Makefile
+++ b/Makefile
@@ -13,9 +13,9 @@ MD_DOCS_EXTRAS = $(addprefix $(MD_DOCS_ROOT),README.md CHANGELOG.md CONTRIBUTING
 DOCKER_TAG = latest
 DOCKER_IMAGE_NAME = allennlp/allennlp:$(DOCKER_TAG)
 DOCKER_TEST_IMAGE_NAME = allennlp/test:$(DOCKER_TAG)
-DOCKER_TORCH_VERSION = 'torch==1.7.0'
+DOCKER_TORCH_VERSION = 'torch==1.7.1'
 # Our self-hosted runner currently has CUDA 11.0.
-DOCKER_TEST_TORCH_VERSION = 'torch==1.7.0+cu110 -f https://download.pytorch.org/whl/torch_stable.html'
+DOCKER_TEST_TORCH_VERSION = 'torch==1.7.1+cu110 -f https://download.pytorch.org/whl/torch_stable.html'
 DOCKER_RUN_CMD = docker run --rm \
 		-v $$HOME/.allennlp:/root/.allennlp \
 		-v $$HOME/.cache/huggingface:/root/.cache/huggingface \