diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index b40f3fb906..1193e2f226 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -1,6 +1,7 @@
 Unreleased
 ---
 * [**] Enable WordPress embed preview [https://github.com/wordpress-mobile/gutenberg-mobile/pull/3853]
+* [*] Image block: Replacing the media for an image set as featured prompts to update the featured image [https://github.com/wordpress-mobile/gutenberg-mobile/pull/3930]
 
 1.61.0
 ------
diff --git a/gutenberg b/gutenberg
index b2150de4ad..62e9fc08a1 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit b2150de4adfc4114ac0d07309210495828ab282b
+Subproject commit 62e9fc08a14c2ce8d0662b750167f9e38c214b33