diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6260a72f99..a554890dc6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,23 @@
+Changes in [1.11.86](https://github.com/element-hq/element-web/releases/tag/v1.11.86) (2024-11-19)
+==================================================================================================
+## ✨ Features
+
+* Deduplicate icons using Compound Design Tokens ([#28419](https://github.com/element-hq/element-web/pull/28419)). Contributed by @t3chguy.
+* Let widget driver send error details ([#28357](https://github.com/element-hq/element-web/pull/28357)). Contributed by @AndrewFerr.
+* Deduplicate icons using Compound Design Tokens ([#28381](https://github.com/element-hq/element-web/pull/28381)). Contributed by @t3chguy.
+* Auto approvoce `io.element.call.reaction` capability for element call widgets ([#28401](https://github.com/element-hq/element-web/pull/28401)). Contributed by @toger5.
+* Show message type prefix in thread root \& reply previews ([#28361](https://github.com/element-hq/element-web/pull/28361)). Contributed by @t3chguy.
+* Support sending encrypted to device messages from widgets ([#28315](https://github.com/element-hq/element-web/pull/28315)). Contributed by @hughns.
+
+## 🐛 Bug Fixes
+
+* Feed events to widgets as they are decrypted (even if out of order) ([#28376](https://github.com/element-hq/element-web/pull/28376)). Contributed by @robintown.
+* Handle authenticated media when downloading from ImageView ([#28379](https://github.com/element-hq/element-web/pull/28379)). Contributed by @t3chguy.
+* Ignore `m.3pid_changes` for Identity service 3PID changes ([#28375](https://github.com/element-hq/element-web/pull/28375)). Contributed by @t3chguy.
+* Fix markdown escaping wrongly passing html through ([#28363](https://github.com/element-hq/element-web/pull/28363)). Contributed by @t3chguy.
+* Remove "Upgrade your encryption" flow in `CreateSecretStorageDialog` ([#28290](https://github.com/element-hq/element-web/pull/28290)). Contributed by @florianduros.
+
+
 Changes in [1.11.85](https://github.com/element-hq/element-web/releases/tag/v1.11.85) (2024-11-12)
 ==================================================================================================
 # Security
diff --git a/package.json b/package.json
index e01c670965..8ca6577118 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.85",
+    "version": "1.11.86",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {
@@ -122,7 +122,7 @@
         "maplibre-gl": "^4.0.0",
         "matrix-encrypt-attachment": "^1.0.3",
         "matrix-events-sdk": "0.0.1",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
+        "matrix-js-sdk": "34.12.0",
         "matrix-widget-api": "^1.10.0",
         "memoize-one": "^6.0.0",
         "mime": "^4.0.4",
diff --git a/yarn.lock b/yarn.lock
index c47cf82029..166160665b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8352,9 +8352,10 @@ matrix-events-sdk@0.0.1:
   resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
   integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "34.10.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/6855ace6422082d173438cb23368d2fabc6a1086"
+matrix-js-sdk@34.12.0:
+  version "34.12.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-34.12.0.tgz#d62d45cdde71a1fafb3109621e96379e476b8c07"
+  integrity sha512-k6jG4r4Bh8vwP7T7eIZTz3Y9+vEVq+VZUdn9Xz0t0AfhziNCALP2KneW2mrYWA2wHtEkIRfFYKHBJIUxw4LiKw==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/matrix-sdk-crypto-wasm" "^9.0.0"