diff --git a/common/hugo/version_current.go b/common/hugo/version_current.go
index 5a3967457a6..aa361b18945 100644
--- a/common/hugo/version_current.go
+++ b/common/hugo/version_current.go
@@ -17,7 +17,7 @@ package hugo
 // This should be the only one.
 var CurrentVersion = Version{
 	Major:      0,
-	Minor:      120,
-	PatchLevel: 1,
-	Suffix:     "",
+	Minor:      121,
+	PatchLevel: 0,
+	Suffix:     "-DEV",
 }
diff --git a/hugoreleaser.env b/hugoreleaser.env
index 32d62284ca5..bd24ab2654f 100644
--- a/hugoreleaser.env
+++ b/hugoreleaser.env
@@ -1,7 +1,8 @@
 # Release env. 
 # These will be replaced by script before release.
-HUGORELEASER_TAG=v0.120.0
-HUGORELEASER_COMMITISH=20c3bae2c4839ec993ec3c353da4fd7b09215cd8
+HUGORELEASER_TAG=v0.120.1
+HUGORELEASER_COMMITISH=16fb2cae88eb6add7d12e9fbfcf01d8670e60a35
+