diff --git a/tuned.spec b/tuned.spec
index 24d3ef0..bcabd4e 100644
--- a/tuned.spec
+++ b/tuned.spec
@@ -36,16 +36,16 @@
 %global git_suffix %{git_date}git%{git_short_commit}
 %endif
 
-#%%global prerelease rc
-#%%global prereleasenum 1
+%global prerelease rc
+%global prereleasenum 1
 
 %global prerel1 %{?prerelease:.%{prerelease}%{prereleasenum}}
 %global prerel2 %{?prerelease:-%{prerelease}.%{prereleasenum}}
 
 Summary: A dynamic adaptive system tuning daemon
 Name: tuned
-Version: 2.16.0
-Release: 1%{?prerel1}%{?with_snapshot:.%{git_suffix}}%{?dist}
+Version: 2.17.0
+Release: 0.1%{?prerel1}%{?with_snapshot:.%{git_suffix}}%{?dist}
 License: GPLv2+
 Source0: https://github.com/redhat-performance/%{name}/archive/v%{version}%{?prerel2}/%{name}-%{version}%{?prerel2}.tar.gz
 URL: http://www.tuned-project.org/
@@ -565,6 +565,19 @@ fi
 %{_mandir}/man7/tuned-profiles-openshift.7*
 
 %changelog
+* Sun Jan  2 2022 Jaroslav Škarvada <jskarvad@redhat.com> - 2.17.0-0.1.rc1
+- new release
+  - rebased tuned to latest upstream
+    resolves: rhbz#2003838
+  - cpu-partitioning: fixed no_balance_cores on newer kernels
+    resolves: rhbz#1874596
+  - scheduler: allow exclude of processes from the specific cgroup(s)
+    resolves: rhbz#1980715
+  - switched to the configparser from the configobj
+    resolves: rhbz#1936386
+  - spec: do not require subscription-manager on CentOS
+    resolves: rhbz#2029405
+
 * Wed Jul 21 2021 Jaroslav Škarvada <jskarvad@redhat.com> - 2.16.0-1
 - new release
   - rebased tuned to latest upstream
diff --git a/tuned/version.py b/tuned/version.py
index 8f19994..61f7e5b 100644
--- a/tuned/version.py
+++ b/tuned/version.py
@@ -1,3 +1,3 @@
 TUNED_VERSION_MAJOR = 2
-TUNED_VERSION_MINOR = 16
+TUNED_VERSION_MINOR = 17
 TUNED_VERSION_PATCH = 0