diff --git a/changelogs/CHANGELOG-v2.17.rst b/changelogs/CHANGELOG-v2.17.rst
index 65bd4112e06..6c57ca1fa93 100644
--- a/changelogs/CHANGELOG-v2.17.rst
+++ b/changelogs/CHANGELOG-v2.17.rst
@@ -4,6 +4,25 @@ ansible-core 2.17 "Gallows Pole" Release Notes
 
 .. contents:: Topics
 
+v2.17.2rc1
+==========
+
+Release Summary
+---------------
+
+| Release Date: 2024-07-08
+| `Porting Guide <https://docs.ansible.com/ansible-core/2.17/porting_guides/porting_guide_core_2.17.html>`__
+
+Bugfixes
+--------
+
+- Fix a traceback when an environment variable contains certain special characters (https://github.com/ansible/ansible/issues/83498)
+- dnf - fix an issue where two packages of the same ``evr`` but different arch failed to install (https://github.com/ansible/ansible/issues/83406)
+- dnf, dnf5 - fix for installing a set of packages by specifying them using a wildcard character (https://github.com/ansible/ansible/issues/83373)
+- linear strategy now provides a properly templated task name to the v2_runner_on_started callback event.
+- replace - Updated before/after example (https://github.com/ansible/ansible/issues/83390).
+- templating hostvars under native jinja will not cause serialization errors anymore.
+
 v2.17.1
 =======
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index 3020a6fcf7f..e352afbdb2f 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -731,3 +731,32 @@ releases:
     - PowerShell-AddType-temp.yml
     - correct-callback-fqcn-old-style-action-invocation.yml
     release_date: '2024-06-10'
+  2.17.2rc1:
+    changes:
+      bugfixes:
+      - Fix a traceback when an environment variable contains certain special characters
+        (https://github.com/ansible/ansible/issues/83498)
+      - dnf - fix an issue where two packages of the same ``evr`` but different arch
+        failed to install (https://github.com/ansible/ansible/issues/83406)
+      - dnf, dnf5 - fix for installing a set of packages by specifying them using
+        a wildcard character (https://github.com/ansible/ansible/issues/83373)
+      - linear strategy now provides a properly templated task name to the v2_runner_on_started
+        callback event.
+      - replace - Updated before/after example (https://github.com/ansible/ansible/issues/83390).
+      - templating hostvars under native jinja will not cause serialization errors
+        anymore.
+      release_summary: '| Release Date: 2024-07-08
+
+        | `Porting Guide <https://docs.ansible.com/ansible-core/2.17/porting_guides/porting_guide_core_2.17.html>`__
+
+        '
+    codename: Gallows Pole
+    fragments:
+    - 2.17.2rc1_summary.yaml
+    - 83373-dnf5-wildcard.yml
+    - 83406-dnf-fix-arch-cmp.yml
+    - 83498-command-tb-env.yml
+    - hostvars_fix.yml
+    - linear_started_name.yml
+    - replace_regex.yml
+    release_date: '2024-07-08'
diff --git a/changelogs/fragments/2.17.2rc1_summary.yaml b/changelogs/fragments/2.17.2rc1_summary.yaml
new file mode 100644
index 00000000000..cf1f548ded4
--- /dev/null
+++ b/changelogs/fragments/2.17.2rc1_summary.yaml
@@ -0,0 +1,3 @@
+release_summary: |
+   | Release Date: 2024-07-08
+   | `Porting Guide <https://docs.ansible.com/ansible-core/2.17/porting_guides/porting_guide_core_2.17.html>`__
diff --git a/lib/ansible/release.py b/lib/ansible/release.py
index aae5bb1fd0a..fa18195ce0c 100644
--- a/lib/ansible/release.py
+++ b/lib/ansible/release.py
@@ -17,6 +17,6 @@
 
 from __future__ import annotations
 
-__version__ = '2.17.1.post0'
+__version__ = '2.17.2rc1'
 __author__ = 'Ansible, Inc.'
 __codename__ = "Gallows Pole"