diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 077f7e3..9023478 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -365,3 +365,13 @@ New Modules
 - fact_diff - Find the difference between currently set facts
 - update_fact - Update currently set facts
 - validate - Validate data with provided criteria
+
+v4.0.0
+======
+
+Major Changes
+-------------
+
+- This release mainly addresses the breaking changes in the `netaddr` library.
+- With the new release of `netaddr` 1.0.0, the `IPAddress.is_private()` method has been removed and instead, the `IPAddress.is_global()` method has been extended to support the same functionality. This change has been reflected in the `ipaddr` filter plugin.
+- Bumping `netaddr` to `>=0.10.1`, means that starting from this release, the minimum `netaddr` version this collection requires is `>=0.10.1`.
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index 39e5067..6f17afd 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -407,3 +407,17 @@ releases:
       - ipv6form-doc.yaml
       - validate-doc.yaml
     release_date: "2024-01-30"
+  4.0.0:
+    changes:
+      major_changes:
+        - This release mainly fixes the breaking changes in the `netaddr` library.
+        - Removes the `IPAddress.is_private()` method and instead extends support to IPAddress.is_global() method as the replacement.(https://netaddr.readthedocs.io/en/latest/changes.html#release-1-0-0)
+        - Set netaddr minimum version required to `0.10.1`
+        - Bumping `netaddr` to `>=0.10.1`, means that anything lower than this would result in not using utils from next 4.0.0 release.
+        - Removes compat files as we stopped testing against python 2.7.
+      release_summary: Starting from this release, the minimum `netaddr` version
+        this collection requires is `>=0.10.1`.
+    fragments:
+      - netaddr_is_private_deprecation.yaml
+      - trivial_tests_updates.yaml
+    release_date: "2024-03-28"
diff --git a/changelogs/fragments/netaddr_is_private_deprecation.yaml b/changelogs/fragments/netaddr_is_private_deprecation.yaml
deleted file mode 100644
index 6afe366..0000000
--- a/changelogs/fragments/netaddr_is_private_deprecation.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
----
-minor_changes:
-  - Use netaddr is_global() function instead of the deprecated is_private() function.
-    (https://netaddr.readthedocs.io/en/latest/changes.html#release-1-0-0)
-  - Remove reserved IPv6 from integration test expected results.
-  - Set netaddr minimum version required to 0.10.1
diff --git a/changelogs/fragments/trivial_tests_updates.yaml b/changelogs/fragments/trivial_tests_updates.yaml
deleted file mode 100644
index 6f9f7d9..0000000
--- a/changelogs/fragments/trivial_tests_updates.yaml
+++ /dev/null
@@ -1,4 +0,0 @@
----
-trivial:
-  - remove compat files as we stopped testing against python 2.7.
-  - update direct imports for patch and MagicMock from unittest.
diff --git a/galaxy.yml b/galaxy.yml
index a1f2480..7808828 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -19,4 +19,4 @@ tags:
   - data
   - validation
   - utils
-version: 3.1.0
+version: 4.0.0