diff --git a/docs/changelog.rst b/docs/changelog.rst
index 84a0759e..12586367 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,6 +1,11 @@
 Changelog
 ~~~~~~~~~
 
+0.47.0 (unreleased)
+-------------------
+
+* Update qiskit-ibm-runtime version to 0.17.0.
+
 0.46.0 (November 2023)
 ----------------------
 
diff --git a/setup.py b/setup.py
index 188e2bbc..5bb09511 100644
--- a/setup.py
+++ b/setup.py
@@ -47,7 +47,7 @@
         "pytket ~= 1.22",
         "qiskit ~= 0.45.0",
         "qiskit-algorithms ~= 0.2.1",
-        "qiskit-ibm-runtime ~= 0.15.1",
+        "qiskit-ibm-runtime ~= 0.17.0",
         "qiskit-aer ~= 0.13.0",
         "qiskit-ibm-provider ~= 0.7.2",
         "numpy",