diff --git a/_service b/_service
index a13abc9..7487e87 100644
--- a/_service
+++ b/_service
@@ -4,7 +4,7 @@
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="url">https://github.com/matrix-org/synapse.git</param>
     <param name="scm">git</param>
-    <param name="revision">v1.20.0</param>
+    <param name="revision">v1.20.1</param>
     <param name="versionrewrite-pattern">v(.*)</param>
     <param name="versionrewrite-replacement">\1</param>
     <!--
diff --git a/matrix-synapse-1.20.0.obscpio b/matrix-synapse-1.20.0.obscpio
deleted file mode 100644
index 8580467..0000000
--- a/matrix-synapse-1.20.0.obscpio
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:ef310bdf61df8629d68a05f41246f116b555db97b039a584ef250da519774638
-size 27869197
diff --git a/matrix-synapse-1.20.1.obscpio b/matrix-synapse-1.20.1.obscpio
new file mode 100644
index 0000000..855be86
--- /dev/null
+++ b/matrix-synapse-1.20.1.obscpio
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:1d4a9ce97d0c3cbb5b54690808001f000a2046a1980984bebca6f1b139bcb74a
+size 28324365
diff --git a/matrix-synapse-test.spec b/matrix-synapse-test.spec
index 8a24eb0..85c8c9f 100644
--- a/matrix-synapse-test.spec
+++ b/matrix-synapse-test.spec
@@ -32,7 +32,7 @@
 
 %define         pkgname matrix-synapse
 Name:           %{pkgname}-test
-Version:        1.20.0
+Version:        1.20.1
 Release:        0
 Summary:        Test package for %{pkgname}
 License:        Apache-2.0
diff --git a/matrix-synapse.changes b/matrix-synapse.changes
index 1709f86..fba7971 100644
--- a/matrix-synapse.changes
+++ b/matrix-synapse.changes
@@ -1,3 +1,13 @@
+-------------------------------------------------------------------
+Thu Sep 24 19:02:21 UTC 2020 - Marcus Rueckert <mrueckert@suse.de>
+
+- Update to 1.20.1
+  - Bugfixes
+    - Fix a bug introduced in v1.20.0 which caused the
+      synapse_port_db script to fail. (#8386)
+    - Fix a bug introduced in v1.20.0 which caused variables to be
+      incorrectly escaped in Jinja2 templates. (#8394)
+
 -------------------------------------------------------------------
 Fri Sep 18 16:29:17 UTC 2020 - Marcus Rueckert <mrueckert@suse.de>
 
diff --git a/matrix-synapse.obsinfo b/matrix-synapse.obsinfo
index cbf90ff..0f34f90 100644
--- a/matrix-synapse.obsinfo
+++ b/matrix-synapse.obsinfo
@@ -1,5 +1,5 @@
 name: matrix-synapse
-version: 1.20.0
-mtime: 1600785773
-commit: d191dbdaa6b0a00c1148f0464f542c15db973efa
+version: 1.20.1
+mtime: 1600961731
+commit: ab903e7337f6c2c7cfcdac69b13dedf67e56d801
 
diff --git a/matrix-synapse.spec b/matrix-synapse.spec
index 4350893..bae4f89 100644
--- a/matrix-synapse.spec
+++ b/matrix-synapse.spec
@@ -46,7 +46,7 @@
 %define         modname synapse
 %define         pkgname matrix-synapse
 Name:           %{pkgname}
-Version:        1.20.0
+Version:        1.20.1
 Release:        0
 Summary:        Matrix protocol reference homeserver
 License:        Apache-2.0