diff --git a/.changelog/unreleased/dependencies/3039-bump-ibc.md b/.changelog/unreleased/dependencies/3039-bump-ibc.md
new file mode 100644
index 00000000000..ef0f13e81fd
--- /dev/null
+++ b/.changelog/unreleased/dependencies/3039-bump-ibc.md
@@ -0,0 +1,3 @@
+- Bump [ibc-go](https://github.com/cosmos/ibc-go) to
+  [v7.4.0](https://github.com/cosmos/ibc-go/releases/tag/v7.4.0)
+  ([\#3039](https://github.com/cosmos/gaia/pull/3039))
\ No newline at end of file
diff --git a/.changelog/unreleased/state-breaking/3039-bump-ibc.md b/.changelog/unreleased/state-breaking/3039-bump-ibc.md
new file mode 100644
index 00000000000..ef0f13e81fd
--- /dev/null
+++ b/.changelog/unreleased/state-breaking/3039-bump-ibc.md
@@ -0,0 +1,3 @@
+- Bump [ibc-go](https://github.com/cosmos/ibc-go) to
+  [v7.4.0](https://github.com/cosmos/ibc-go/releases/tag/v7.4.0)
+  ([\#3039](https://github.com/cosmos/gaia/pull/3039))
\ No newline at end of file