diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0b84cb53fb..be584f4c08 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # Changelog
 
+## v20.07.1: (Upcoming Release)
+
 ## v20.07:
 
 ### accel
diff --git a/include/spdk/version.h b/include/spdk/version.h
index 4b8b5d5610..84f43de075 100644
--- a/include/spdk/version.h
+++ b/include/spdk/version.h
@@ -54,12 +54,12 @@
  * Patch level is incremented on maintenance branch releases and reset to 0 for each
  * new major.minor release.
  */
-#define SPDK_VERSION_PATCH	0
+#define SPDK_VERSION_PATCH	1
 
 /**
  * Version string suffix.
  */
-#define SPDK_VERSION_SUFFIX	""
+#define SPDK_VERSION_SUFFIX	"-pre"
 
 /**
  * Single numeric value representing a version number for compile-time comparisons.
diff --git a/pkg/spdk.spec b/pkg/spdk.spec
index f2f9a5a01e..566838b5a4 100644
--- a/pkg/spdk.spec
+++ b/pkg/spdk.spec
@@ -2,12 +2,12 @@
 %bcond_with doc
 
 Name: spdk
-Version: 20.07
+Version: 20.07.x
 Release: 0%{?dist}
 Epoch: 0
 URL: http://spdk.io
 
-Source: https://github.com/spdk/spdk/archive/v20.07.tar.gz
+Source: https://github.com/spdk/spdk/archive/v20.07.x.tar.gz
 Summary: Set of libraries and utilities for high performance user-mode storage
 
 %define package_version %{epoch}:%{version}-%{release}