diff --git a/.changes/1.20.23.json b/.changes/1.20.23.json
new file mode 100644
index 0000000000..a29ffddedc
--- /dev/null
+++ b/.changes/1.20.23.json
@@ -0,0 +1,37 @@
+[
+  {
+    "category": "``lexv2-models``",
+    "description": "[``botocore``] Update lexv2-models client to latest version",
+    "type": "api-change"
+  },
+  {
+    "category": "``network-firewall``",
+    "description": "[``botocore``] This release adds support for managed rule groups.",
+    "type": "api-change"
+  },
+  {
+    "category": "``route53-recovery-control-config``",
+    "description": "[``botocore``] This release adds tagging supports to Route53 Recovery Control Configuration. New APIs: TagResource, UntagResource and ListTagsForResource. Updates: add optional field `tags` to support tagging while calling CreateCluster, CreateControlPanel and CreateSafetyRule.",
+    "type": "api-change"
+  },
+  {
+    "category": "``ec2``",
+    "description": "[``botocore``] Adds waiters support for internet gateways.",
+    "type": "api-change"
+  },
+  {
+    "category": "``sms``",
+    "description": "[``botocore``] This release adds SMS discontinuation information to the API and CLI references.",
+    "type": "api-change"
+  },
+  {
+    "category": "``route53domains``",
+    "description": "[``botocore``] Amazon Route 53 domain registration APIs now support filtering and sorting in the ListDomains API, deleting a domain by using the DeleteDomain API and getting domain pricing information by using the ListPrices API.",
+    "type": "api-change"
+  },
+  {
+    "category": "``savingsplans``",
+    "description": "[``botocore``] Adds the ability to specify Savings Plans hourly commitments using five digits after the decimal point.",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 5fbb35c191..bcf91e6aff 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,18 @@
 CHANGELOG
 =========
 
+1.20.23
+=======
+
+* api-change:``lexv2-models``: [``botocore``] Update lexv2-models client to latest version
+* api-change:``network-firewall``: [``botocore``] This release adds support for managed rule groups.
+* api-change:``route53-recovery-control-config``: [``botocore``] This release adds tagging supports to Route53 Recovery Control Configuration. New APIs: TagResource, UntagResource and ListTagsForResource. Updates: add optional field `tags` to support tagging while calling CreateCluster, CreateControlPanel and CreateSafetyRule.
+* api-change:``ec2``: [``botocore``] Adds waiters support for internet gateways.
+* api-change:``sms``: [``botocore``] This release adds SMS discontinuation information to the API and CLI references.
+* api-change:``route53domains``: [``botocore``] Amazon Route 53 domain registration APIs now support filtering and sorting in the ListDomains API, deleting a domain by using the DeleteDomain API and getting domain pricing information by using the ListPrices API.
+* api-change:``savingsplans``: [``botocore``] Adds the ability to specify Savings Plans hourly commitments using five digits after the decimal point.
+
+
 1.20.22
 =======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index 26bf17208b..8134acfbda 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -18,7 +18,7 @@
 
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.20.22'
+__version__ = '1.20.23'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index eda0103ca6..4482b0cd91 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.23.22,<1.24.0
+    botocore>=1.23.23,<1.24.0
     jmespath>=0.7.1,<1.0.0
     s3transfer>=0.5.0,<0.6.0
 
diff --git a/setup.py b/setup.py
index 6c4f427377..c54e16771e 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 
 requires = [
-    'botocore>=1.23.22,<1.24.0',
+    'botocore>=1.23.23,<1.24.0',
     'jmespath>=0.7.1,<1.0.0',
     's3transfer>=0.5.0,<0.6.0'
 ]