diff --git a/RELEASING.md b/RELEASING.md
index 6972ffb341..0659ced63e 100644
--- a/RELEASING.md
+++ b/RELEASING.md
@@ -31,8 +31,12 @@ We also assume that ongoing work done is being merged directly to the `master` b
 5.  Update `CHANGELOG.md` to reflect the difference between this release and the last. If you're unsure of
     what to add, check with the Tools team. See the `CHANGELOG.md` file for details of the format it follows.
 
-    Any [closed PRs](https://github.com/paritytech/subxt/pulls?q=is%3Apr+sort%3Aupdated-desc+is%3Aclosed) between the last release and
-    this release branch should be noted.
+    Utilize the following script to generate the merged PRs between releases.
+    ```
+    ./scripts/generate_changelog.sh
+    ```
+    Ensure that the script picked the latest published release tag (e.g. if releasing `v0.17.0`, the script should
+    provide `[+] Latest release tag: v0.16.0` ). Then group the PRs into "Added" and "Changed" sections.
 
 6.  Commit any of the above changes to the release branch and open a PR in GitHub with a base of `master`.
 
diff --git a/scripts/generate_changelog.sh b/scripts/generate_changelog.sh
new file mode 100755
index 0000000000..581074a1b6
--- /dev/null
+++ b/scripts/generate_changelog.sh
@@ -0,0 +1,67 @@
+#!/usr/bin/env bash
+#
+# This script obtains the changelog to be introduced in the new release.
+
+set -eu
+
+function usage() {
+    cat <<HELP_USAGE
+This script obtains the changelog between the latest release tag and origin/master.
+
+Usage: $0 [-h]
+
+    -h  Print help message.
+HELP_USAGE
+}
+
+function log_error() {
+    echo "Error:" "$@" >&2
+    exit 1
+}
+
+function log_info() {
+    echo -e "[+]" "$@"
+}
+
+while getopts "h?" opt; do
+    case "$opt" in
+        h|\?)
+            usage
+            exit 0
+            ;;
+    esac
+done
+
+GIT_BIN=$(which git) || log_error 'git is not installed. Please follow https://github.com/git-guides/install-git for instructions'
+
+# Generate the changelog between the provided tag and origin/master.
+function generate_changelog() {
+    local tag="$1"
+    # From the remote origin url, get a link to pull requests.
+    remote_link=$($GIT_BIN config --get remote.origin.url | sed 's/\.git/\/pull\//g') || log_error 'Failed to get remote origin url'
+
+    prs=$($GIT_BIN --no-pager log --pretty=format:"%s" "$tag"..origin/master) || log_error 'Failed to obtain commit list'
+
+    log_info "Changelog\n"
+    while IFS= read -r line; do
+        # Obtain the pr number from each line. The regex should match, as provided by the previous grep.
+        if [[ $line =~ "(#"([0-9]+)")"$ ]]; then
+            pr_number="${BASH_REMATCH[1]}"
+        else
+            continue
+        fi
+
+        # Generate a valid PR link.
+        pr_link="$remote_link$pr_number"
+        # Generate the link as markdown.
+        pr_md_link=" ([#$pr_number]($pr_link))"
+        # Print the changelog line as `- commit-title pr-link`.
+        echo "$line" | awk -v var="$pr_md_link" '{NF--; printf "- "; printf; print var}'
+    done <<< "$prs"
+}
+
+# Get latest release tag.
+tag=$($GIT_BIN describe --match "v[0-9]*" --abbrev=0 origin/master) || log_error 'Failed to obtain the latest release tag'
+log_info "Latest release tag: $tag"
+
+generate_changelog "$tag"