diff --git a/CHANGELOG.md b/CHANGELOG.md
index 350c15ba93..cac7844f2f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,35 @@
+Changes in [1.11.39](https://github.com/vector-im/element-web/releases/tag/v1.11.39) (2023-08-15)
+=================================================================================================
+
+## 🦖 Deprecations
+ * Deprecate camelCase config options ([\#25800](https://github.com/vector-im/element-web/pull/25800)).
+ * Deprecate customisations in favour of Module API ([\#25736](https://github.com/vector-im/element-web/pull/25736)). Fixes #25733.
+
+## ✨ Features
+ * Update labs.md for knock rooms ([\#25923](https://github.com/vector-im/element-web/pull/25923)). Contributed by @charlynguyen.
+ * Package release builds of element-web in package.element.io debs ([\#25198](https://github.com/vector-im/element-web/pull/25198)).
+ * Allow knocking rooms ([\#11353](https://github.com/matrix-org/matrix-react-sdk/pull/11353)). Contributed by @charlynguyen.
+ * Support adding space-restricted joins on rooms not members of those spaces ([\#9017](https://github.com/matrix-org/matrix-react-sdk/pull/9017)). Fixes #19213.
+ * Clear requiresClient and show pop-out if widget-api fails to ready ([\#11321](https://github.com/matrix-org/matrix-react-sdk/pull/11321)). Fixes vector-im/customer-retainer#73.
+ * Bump pagination sizes due to hidden events ([\#11342](https://github.com/matrix-org/matrix-react-sdk/pull/11342)).
+ * Remove display of key backup signatures from backup settings ([\#11333](https://github.com/matrix-org/matrix-react-sdk/pull/11333)).
+ * Use PassphraseFields in ExportE2eKeysDialog to enforce minimum passphrase complexity ([\#11222](https://github.com/matrix-org/matrix-react-sdk/pull/11222)). Fixes #9478.
+
+## 🐛 Bug Fixes
+ * Fix "Export chat" not respecting configured time format in plain text mode ([\#10696](https://github.com/matrix-org/matrix-react-sdk/pull/10696)). Fixes #23838. Contributed by @rashmitpankhania.
+ * Fix some missing 1-count pluralisations around event list summaries ([\#11371](https://github.com/matrix-org/matrix-react-sdk/pull/11371)). Fixes #25925.
+ * Fix create subspace dialog not working for public space creation ([\#11367](https://github.com/matrix-org/matrix-react-sdk/pull/11367)). Fixes #25916.
+ * Search for users on paste ([\#11304](https://github.com/matrix-org/matrix-react-sdk/pull/11304)). Fixes #17523. Contributed by @peterscheu-aceart.
+ * Fix AppTile context menu not always showing up when it has options ([\#11358](https://github.com/matrix-org/matrix-react-sdk/pull/11358)). Fixes #25914.
+ * Fix clicking on home all rooms space notification not working ([\#11337](https://github.com/matrix-org/matrix-react-sdk/pull/11337)). Fixes #22844.
+ * Fix joining a suggested room switching space away ([\#11347](https://github.com/matrix-org/matrix-react-sdk/pull/11347)). Fixes #25838.
+ * Fix home/all rooms context menu in space panel ([\#11350](https://github.com/matrix-org/matrix-react-sdk/pull/11350)). Fixes #25896.
+ * Make keyboard handling in and out of autocomplete completions consistent ([\#11344](https://github.com/matrix-org/matrix-react-sdk/pull/11344)). Fixes #25878.
+ * De-duplicate reactions by sender to account for faulty/malicious servers ([\#11340](https://github.com/matrix-org/matrix-react-sdk/pull/11340)). Fixes #25872.
+ * Fix disable_3pid_login being ignored for the email field ([\#11335](https://github.com/matrix-org/matrix-react-sdk/pull/11335)). Fixes #25863.
+ * Upgrade wysiwyg editor for ctrl+backspace windows fix ([\#11324](https://github.com/matrix-org/matrix-react-sdk/pull/11324)). Fixes vector-im/verticals-internal#102.
+ * Unhide the view source event toggle - it works well enough ([\#11336](https://github.com/matrix-org/matrix-react-sdk/pull/11336)). Fixes #25861.
+
 Changes in [1.11.38](https://github.com/vector-im/element-web/releases/tag/v1.11.38) (2023-08-04)
 =================================================================================================
 
diff --git a/package.json b/package.json
index 5cfbd751c3..42080a423e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.38",
+    "version": "1.11.39",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {
@@ -74,8 +74,8 @@
         "gfm.css": "^1.1.2",
         "jsrsasign": "^10.5.25",
         "katex": "^0.16.0",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
-        "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
+        "matrix-js-sdk": "27.2.0",
+        "matrix-react-sdk": "3.78.0",
         "matrix-widget-api": "^1.3.1",
         "react": "17.0.2",
         "react-dom": "17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 2293718c3c..a3737deefc 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8482,10 +8482,10 @@ matrix-events-sdk@0.0.1:
   resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
   integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "27.1.0"
-  uid b8c19c47ab67f894704a58d3107b8581eb911512
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/b8c19c47ab67f894704a58d3107b8581eb911512"
+matrix-js-sdk@27.2.0:
+  version "27.2.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-27.2.0.tgz#c06d5ce9f961b18ed62593e1c01eeaec754725bc"
+  integrity sha512-jsoA5oPv0eQbELlOzQ6J3v1HTPU0oydqgLQNVpztsajEj6AfJYvCaZueFak8jac9RsopZlqWbP8CXI8r5MvNEA==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/matrix-sdk-crypto-wasm" "^1.2.0"
@@ -8509,10 +8509,10 @@ matrix-mock-request@^2.5.0:
   dependencies:
     expect "^28.1.0"
 
-"matrix-react-sdk@github:matrix-org/matrix-react-sdk#develop":
-  version "3.77.1"
-  uid "2b17fc3221b77147db52e47d44cc5015f53926e1"
-  resolved "https://codeload.github.com/matrix-org/matrix-react-sdk/tar.gz/2b17fc3221b77147db52e47d44cc5015f53926e1"
+matrix-react-sdk@3.78.0:
+  version "3.78.0"
+  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.78.0.tgz#f6d7fcc06926713e02a1971532084569b79e3bf1"
+  integrity sha512-5FnszUIioaNCVCFSQwX6/g5tQOJMjJGlZHn3phE0+Y8ozu4vlODTk3yPf3BkPMwdZqAoo0w/AKRpetKC45e3AA==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/analytics-events" "^0.6.0"
@@ -8553,7 +8553,7 @@ matrix-mock-request@^2.5.0:
     maplibre-gl "^2.0.0"
     matrix-encrypt-attachment "^1.0.3"
     matrix-events-sdk "0.0.1"
-    matrix-js-sdk "github:matrix-org/matrix-js-sdk#develop"
+    matrix-js-sdk "27.2.0"
     matrix-widget-api "^1.5.0"
     memoize-one "^6.0.0"
     minimist "^1.2.5"