diff --git a/src/OpenTelemetry/CHANGELOG.md b/src/OpenTelemetry/CHANGELOG.md
index 73e50fafa03..d6cd869acda 100644
--- a/src/OpenTelemetry/CHANGELOG.md
+++ b/src/OpenTelemetry/CHANGELOG.md
@@ -2,9 +2,14 @@
 
 ## Unreleased
 
-* Removed dependency on Microsoft.Extensions.Configuration.EnvironmentVariables
+* Removed the dependency on
+  Microsoft.Extensions.Configuration.EnvironmentVariables
   ([#4092](https://github.com/open-telemetry/opentelemetry-dotnet/pull/4092))
 
+* Removed the explicit reference to Microsoft.Extensions.Options version 5.0 and
+  reverted back to the transitive reference of version 3.1
+  ([#4093](https://github.com/open-telemetry/opentelemetry-dotnet/pull/4093))
+
 ## 1.4.0-rc.2
 
 Released 2023-Jan-09