diff --git a/CHANGELOG/4.5.1/community.md b/CHANGELOG/4.5.1/community.md
new file mode 100644
index 00000000000..138e626e248
--- /dev/null
+++ b/CHANGELOG/4.5.1/community.md
@@ -0,0 +1 @@
+ * [FIX] Fix pillow version to 9.4.0. #7531
diff --git a/CHANGELOG/4.5.1/date.md b/CHANGELOG/4.5.1/date.md
new file mode 100644
index 00000000000..e56a5cc3cbd
--- /dev/null
+++ b/CHANGELOG/4.5.1/date.md
@@ -0,0 +1 @@
+Jul 15th, 2023
diff --git a/RELEASE.md b/RELEASE.md
index 9f42ac25d2d..920834f16d1 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,6 +1,10 @@
 New features in the latest update
 =====================================
 
+4.5.1 [Jul 15th, 2023]:
+---
+ * [FIX] Fix pillow version to 9.4.0. #7531
+
 4.5.0 [Jul 7th, 2023]:
 ---
  * [MOD] Upgrade nixpkgs version to 23.05. Also update version of packages in requirements. #7518
diff --git a/faraday/__init__.py b/faraday/__init__.py
index a7eda10e556..85c2b3e2296 100644
--- a/faraday/__init__.py
+++ b/faraday/__init__.py
@@ -4,5 +4,5 @@
 See the file 'doc/LICENSE' for the license information
 """
 
-__version__ = '4.5.0'
+__version__ = '4.5.1'
 __license_version__ = __version__
diff --git a/requirements.txt b/requirements.txt
index 9c9054735ca..4fe7fbd0620 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -15,7 +15,7 @@ flask-login>=0.5.0,<0.6.0
 Flask-Security-Too>=4.0.0,<5.0.0
 bleach>=4.1.0,<5.0.0
 marshmallow>=3.19.0
-Pillow>=4.2.1
+Pillow>=4.2.1,<=9.4.0
 psycopg2
 pgcli
 cryptography>=40.0.1