diff --git a/CHANGELOG.md b/CHANGELOG.md
index b541fc620b..21c54dea0a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # PowerShell Extension Release History
 
+## v2023.2.1-preview
+### Monday, February 13, 2023
+
+#### [vscode-powershell](https://github.com/PowerShell/vscode-powershell)
+
+Includes the updates from PowerShell Editor Services below:
+
+#### [PowerShellEditorServices](https://github.com/PowerShell/PowerShellEditorServices) v3.8.1
+
+- ✨ 📁 [vscode-powershell #2112](https://github.com/PowerShell/PowerShellEditorServices/pull/1995) - Add `WorkspaceFolders` and use it when enumerating files.
+- ✨ 🙏 [vscode-powershell #1481](https://github.com/PowerShell/PowerShellEditorServices/pull/1993) - Count `${Function:My-Function}` as a function reference.
+- 🐛 🙏 [vscode-powershell #1089](https://github.com/PowerShell/PowerShellEditorServices/pull/1990) - Strip scope from function references.
+- 🐛 🙏 [PowerShellEditorServices #1989](https://github.com/PowerShell/PowerShellEditorServices/pull/1989) - Keep only first assignment as declaration.
+- ✨ 🐢 [PowerShellEditorServices #1988](https://github.com/PowerShell/PowerShellEditorServices/pull/1988) - Support Run/Debug tests in PSKoans-files. (Thanks @fflaten!)
+
 ## v2023.2.0-preview
 ### Thursday, February 02, 2023
 
diff --git a/package.json b/package.json
index da6a250be4..58f31e2b8d 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "powershell-preview",
   "displayName": "PowerShell Preview",
-  "version": "2023.2.0",
+  "version": "2023.2.1",
   "preview": true,
   "publisher": "ms-vscode",
   "description": "(Preview) Develop PowerShell modules, commands and scripts in Visual Studio Code!",