diff --git a/src/azure-cli-core/HISTORY.rst b/src/azure-cli-core/HISTORY.rst
index 3802d9c43e3..a7bc680ddc0 100644
--- a/src/azure-cli-core/HISTORY.rst
+++ b/src/azure-cli-core/HISTORY.rst
@@ -3,6 +3,10 @@
 Release History
 ===============
 
+2.81.0
+++++++
+* Minor fixes
+
 2.80.0
 ++++++
 * Minor fixes
diff --git a/src/azure-cli-core/azure/cli/core/__init__.py b/src/azure-cli-core/azure/cli/core/__init__.py
index e44a72fc5f1..6fa868c27d3 100644
--- a/src/azure-cli-core/azure/cli/core/__init__.py
+++ b/src/azure-cli-core/azure/cli/core/__init__.py
@@ -4,7 +4,7 @@
 # --------------------------------------------------------------------------------------------
 # pylint: disable=line-too-long
 
-__version__ = "2.80.0"
+__version__ = "2.81.0"
 
 import os
 import sys
diff --git a/src/azure-cli-core/setup.py b/src/azure-cli-core/setup.py
index 76bbe0ef4bf..f1d9bf14f2f 100644
--- a/src/azure-cli-core/setup.py
+++ b/src/azure-cli-core/setup.py
@@ -8,7 +8,7 @@
 from codecs import open
 from setuptools import setup, find_packages
 
-VERSION = "2.80.0"
+VERSION = "2.81.0"
 
 # If we have source, validate that our version numbers match
 # This should prevent uploading releases with mismatched versions.
diff --git a/src/azure-cli/HISTORY.rst b/src/azure-cli/HISTORY.rst
index aba5171a92d..469b060cb20 100644
--- a/src/azure-cli/HISTORY.rst
+++ b/src/azure-cli/HISTORY.rst
@@ -3,6 +3,27 @@
 Release History
 ===============
 
+2.81.0
+++++++
+
+**AKS**
+
+* `az aks safeguards`: Add `--pss-level` parameter to support Pod Security Standards (#32432)
+* `az aks safeguards create`: Add validation to prevent duplicate resource creation (#32432)
+
+**ARM**
+
+* Fix #32098: `az bicep install`: Fix a bug where the installation was skipped when `--version` was specified unless `bicep.use_binary_from_path` was explicitly set to `false` (#32337)
+
+**Compute**
+
+* `az vm/vmss application set`: Add new parameter `--enable-automatic-upgrade` to support enabling application automatic upgrade (#32394)
+
+**NetAppFiles**
+
+* `az netappfiles volume-group create`: Add `--network-features` parameter for volume groups (#32423)
+* `az netappfiles volume replication list`: Add `--exclude` parameter to exclude deleted replications (#32423)
+
 2.80.0
 ++++++
 
diff --git a/src/azure-cli/azure/cli/__main__.py b/src/azure-cli/azure/cli/__main__.py
index c1b43797c64..dd35d5a0345 100644
--- a/src/azure-cli/azure/cli/__main__.py
+++ b/src/azure-cli/azure/cli/__main__.py
@@ -17,7 +17,7 @@
 from knack.log import get_logger
 
 __author__ = "Microsoft Corporation <python@microsoft.com>"
-__version__ = "2.80.0"
+__version__ = "2.81.0"
 
 
 logger = get_logger(__name__)
diff --git a/src/azure-cli/requirements.py3.Darwin.txt b/src/azure-cli/requirements.py3.Darwin.txt
index 1fb29b01ddf..2c3592225d6 100644
--- a/src/azure-cli/requirements.py3.Darwin.txt
+++ b/src/azure-cli/requirements.py3.Darwin.txt
@@ -4,9 +4,9 @@ argcomplete==3.5.2
 asn1crypto==0.24.0
 azure-appconfiguration==1.7.1
 azure-batch==15.0.0b1
-azure-cli-core==2.80.0
+azure-cli-core==2.81.0
 azure-cli-telemetry==1.1.0
-azure-cli==2.80.0
+azure-cli==2.81.0
 azure-common==1.1.22
 azure-core==1.35.0
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/requirements.py3.Linux.txt b/src/azure-cli/requirements.py3.Linux.txt
index 7e0d69c6095..3f4220e0052 100644
--- a/src/azure-cli/requirements.py3.Linux.txt
+++ b/src/azure-cli/requirements.py3.Linux.txt
@@ -4,9 +4,9 @@ argcomplete==3.5.2
 asn1crypto==0.24.0
 azure-appconfiguration==1.7.1
 azure-batch==15.0.0b1
-azure-cli-core==2.80.0
+azure-cli-core==2.81.0
 azure-cli-telemetry==1.1.0
-azure-cli==2.80.0
+azure-cli==2.81.0
 azure-common==1.1.22
 azure-core==1.35.0
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/requirements.py3.windows.txt b/src/azure-cli/requirements.py3.windows.txt
index ea849a5b62f..a2cd88229ff 100644
--- a/src/azure-cli/requirements.py3.windows.txt
+++ b/src/azure-cli/requirements.py3.windows.txt
@@ -4,9 +4,9 @@ argcomplete==3.5.2
 asn1crypto==0.24.0
 azure-appconfiguration==1.7.1
 azure-batch==15.0.0b1
-azure-cli-core==2.80.0
+azure-cli-core==2.81.0
 azure-cli-telemetry==1.1.0
-azure-cli==2.80.0
+azure-cli==2.81.0
 azure-common==1.1.22
 azure-core==1.35.0
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/setup.py b/src/azure-cli/setup.py
index 4097b716a90..ec0e4937bda 100644
--- a/src/azure-cli/setup.py
+++ b/src/azure-cli/setup.py
@@ -17,7 +17,7 @@
     logging.warning("Wheel is not available, disabling bdist_wheel hook")
     cmdclass = {}
 
-VERSION = "2.80.0"
+VERSION = "2.81.0"
 # If we have source, validate that our version numbers match
 # This should prevent uploading releases with mismatched versions.
 try: