diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0dbda6c..8adde59 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 8.3.4
+
+- Fixes issue with ES_SERVERLESS_SERVICE_VERSION for backwards compatibility
+
 ## 8.3.3
 
 - Small updates in source code documentation.
diff --git a/lib/elastic/transport/version.rb b/lib/elastic/transport/version.rb
index 36673af..8a45c97 100644
--- a/lib/elastic/transport/version.rb
+++ b/lib/elastic/transport/version.rb
@@ -17,6 +17,6 @@
 
 module Elastic
   module Transport
-    VERSION = '8.3.3'.freeze
+    VERSION = '8.3.4'.freeze
   end
 end