diff --git a/changelogs/CHANGELOG-v2.14.rst b/changelogs/CHANGELOG-v2.14.rst
index 0c912e3bb3d..680e9d58434 100644
--- a/changelogs/CHANGELOG-v2.14.rst
+++ b/changelogs/CHANGELOG-v2.14.rst
@@ -5,6 +5,28 @@ ansible-core 2.14 "C'mon Everybody" Release Notes
 .. contents:: Topics
 
 
+v2.14.8rc1
+==========
+
+Release Summary
+---------------
+
+| Release Date: 2023-07-10
+| `Porting Guide <https://docs.ansible.com/ansible-core/2.14/porting_guides/porting_guide_core_2.14.html>`__
+
+
+Minor Changes
+-------------
+
+- Cache field attributes list on the playbook classes
+- Playbook objects - Replace deprecated stacked ``@classmethod`` and ``@property``
+- ansible-test - Use a context manager to perform cleanup at exit instead of using the built-in ``atexit`` module.
+
+Bugfixes
+--------
+
+- ansible-galaxy - Fix issue installing collections containing directories with more than 100 characters on python versions before 3.10.6
+
 v2.14.7
 =======
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index f01372910c7..e497fc7f54f 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -1342,3 +1342,26 @@ releases:
     - man-page-build-docs-dependency.yml
     - update-maybe-json-uri.yml
     release_date: '2023-06-12'
+  2.14.8rc1:
+    changes:
+      bugfixes:
+      - ansible-galaxy - Fix issue installing collections containing directories with
+        more than 100 characters on python versions before 3.10.6
+      minor_changes:
+      - Cache field attributes list on the playbook classes
+      - Playbook objects - Replace deprecated stacked ``@classmethod`` and ``@property``
+      - ansible-test - Use a context manager to perform cleanup at exit instead of
+        using the built-in ``atexit`` module.
+      release_summary: '| Release Date: 2023-07-10
+
+        | `Porting Guide <https://docs.ansible.com/ansible-core/2.14/porting_guides/porting_guide_core_2.14.html>`__
+
+        '
+    codename: C'mon Everybody
+    fragments:
+    - 2.14.8rc1_summary.yaml
+    - ansible-test-atexit.yml
+    - cache-fa-on-pb-cls.yml
+    - long-collection-paths-fix.yml
+    - no-stacked-descriptors.yaml
+    release_date: '2023-07-10'
diff --git a/changelogs/fragments/2.14.8rc1_summary.yaml b/changelogs/fragments/2.14.8rc1_summary.yaml
new file mode 100644
index 00000000000..a8be2cab66a
--- /dev/null
+++ b/changelogs/fragments/2.14.8rc1_summary.yaml
@@ -0,0 +1,3 @@
+release_summary: |
+   | Release Date: 2023-07-10
+   | `Porting Guide <https://docs.ansible.com/ansible-core/2.14/porting_guides/porting_guide_core_2.14.html>`__
diff --git a/lib/ansible/release.py b/lib/ansible/release.py
index 806d43f9551..3e269ff024b 100644
--- a/lib/ansible/release.py
+++ b/lib/ansible/release.py
@@ -19,6 +19,6 @@
 from __future__ import (absolute_import, division, print_function)
 __metaclass__ = type
 
-__version__ = '2.14.7.post0'
+__version__ = '2.14.8rc1'
 __author__ = 'Ansible, Inc.'
 __codename__ = "C'mon Everybody"