diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38dcebbd6844..b7fc6693b33a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -117,6 +117,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (x/auth/tx) [#12474](https://github.com/cosmos/cosmos-sdk/pull/12474) Remove condition in GetTxsEvent that disallowed multiple equal signs, which would break event queries with base64 strings (i.e. query by signature).
 * (store/rootmulti) [#12487](https://github.com/cosmos/cosmos-sdk/pull/12487) Fix non-deterministic map iteration.
 * (x/group) [#12888](https://github.com/cosmos/cosmos-sdk/pull/12888) Fix event propagation to the current context of `x/group` message execution `[]sdk.Result`.
+* (x/upgrade) [#12906](https://github.com/cosmos/cosmos-sdk/pull/12906) Fix upgrade failure by moving downgrade verification logic after store migration.
 
 ### Deprecated