diff --git a/qiskit_machine_learning/VERSION.txt b/qiskit_machine_learning/VERSION.txt
index faef31a43..39e898a4f 100644
--- a/qiskit_machine_learning/VERSION.txt
+++ b/qiskit_machine_learning/VERSION.txt
@@ -1 +1 @@
-0.7.0
+0.7.1