diff --git a/CHANGELOG.md b/CHANGELOG.md
index 566fbca..c1f69c7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -23,6 +23,8 @@
 <!-- next-header -->
 ## [Unreleased] - ReleaseDate
 
+## [4.5.54] - 2026-01-02
+
 ### Fixes
 
 - *(help)* Move `[default]` to its own paragraph when `PossibleValue::help` is present in `--help`
@@ -4880,7 +4882,8 @@
 * **arg**  allow lifetimes other than 'static in arguments ([9e8c1fb9](https://github.com/clap-rs/clap/commit/9e8c1fb9406f8448873ca58bab07fe905f1551e5))
 
 <!-- next-url -->
-[Unreleased]: https://github.com/clap-rs/clap/compare/v4.5.53...HEAD
+[Unreleased]: https://github.com/clap-rs/clap/compare/v4.5.54...HEAD
+[4.5.54]: https://github.com/clap-rs/clap/compare/v4.5.53...v4.5.54
 [4.5.53]: https://github.com/clap-rs/clap/compare/v4.5.52...v4.5.53
 [4.5.52]: https://github.com/clap-rs/clap/compare/v4.5.51...v4.5.52
 [4.5.51]: https://github.com/clap-rs/clap/compare/v4.5.50...v4.5.51
diff --git a/CITATION.cff b/CITATION.cff
index 4740a40..375200f 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -3,8 +3,8 @@
 message: Please cite this crate using these information.
 
 # Version information.
-date-released: 2025-11-19
-version: 4.5.53
+date-released: 2026-01-02
+version: 4.5.54
 
 # Project information.
 abstract: A full featured, fast Command Line Argument Parser for Rust
diff --git a/Cargo.lock b/Cargo.lock
index 4537a47..651c6f9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -432,11 +432,11 @@
 
 [[package]]
 name = "clap"
-version = "4.5.53"
+version = "4.5.54"
 dependencies = [
  "automod",
  "clap-cargo",
- "clap_builder 4.5.53",
+ "clap_builder 4.5.54",
  "clap_derive",
  "jiff",
  "rustversion",
@@ -460,7 +460,7 @@
 name = "clap_bench"
 version = "0.0.0"
 dependencies = [
- "clap 4.5.53",
+ "clap 4.5.54",
  "divan",
  "lazy_static",
 ]
@@ -480,7 +480,7 @@
 
 [[package]]
 name = "clap_builder"
-version = "4.5.53"
+version = "4.5.54"
 dependencies = [
  "anstream",
  "anstyle",
@@ -501,7 +501,7 @@
 version = "4.5.64"
 dependencies = [
  "automod",
- "clap 4.5.53",
+ "clap 4.5.54",
  "clap_lex 0.7.6",
  "completest",
  "completest-pty",
@@ -515,7 +515,7 @@
 name = "clap_complete_nushell"
 version = "4.5.10"
 dependencies = [
- "clap 4.5.53",
+ "clap 4.5.54",
  "clap_complete",
  "completest",
  "completest-nu",
@@ -552,7 +552,7 @@
 version = "0.2.31"
 dependencies = [
  "automod",
- "clap 4.5.53",
+ "clap 4.5.54",
  "roff",
  "snapbox",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 8057bc2..7367748 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -109,7 +109,7 @@
 
 [package]
 name = "clap"
-version = "4.5.53"
+version = "4.5.54"
 description = "A simple to use, efficient, and full-featured Command Line Argument Parser"
 categories = ["command-line-interface"]
 keywords = [
@@ -186,7 +186,7 @@
 bench = false
 
 [dependencies]
-clap_builder = { path = "./clap_builder", version = "=4.5.53", default-features = false }
+clap_builder = { path = "./clap_builder", version = "=4.5.54", default-features = false }
 clap_derive = { path = "./clap_derive", version = "=4.5.49", optional = true }
 
 [dev-dependencies]
diff --git a/clap_builder/Cargo.toml b/clap_builder/Cargo.toml
index 56cf90d..5097fc6 100644
--- a/clap_builder/Cargo.toml
+++ b/clap_builder/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "clap_builder"
-version = "4.5.53"
+version = "4.5.54"
 description = "A simple to use, efficient, and full-featured Command Line Argument Parser"
 categories = ["command-line-interface"]
 keywords = [
diff --git a/src/lib.rs b/src/lib.rs
index 0eab74c..142b675 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -12,7 +12,7 @@
 //! - [CLI Concepts][_concepts]
 //! - [FAQ][_faq]
 //! - [Discussions](https://github.com/clap-rs/clap/discussions)
-//! - [CHANGELOG](https://github.com/clap-rs/clap/blob/v4.5.53/CHANGELOG.md) (includes major version migration
+//! - [CHANGELOG](https://github.com/clap-rs/clap/blob/v4.5.54/CHANGELOG.md) (includes major version migration
 //!   guides)
 //!
 //! ## Aspirations