diff --git a/.gitignore b/.gitignore
index ed445bd..e09f737 100644
--- a/.gitignore
+++ b/.gitignore
@@ -458,3 +458,4 @@ network-manager-applet-0.8.1.tar.bz2
 /NetworkManager-1.53.2.tar.xz
 /NetworkManager-1.53.3.tar.xz
 /NetworkManager-1.53.4.tar.xz
+/NetworkManager-1.53.90.tar.xz
diff --git a/NetworkManager.spec b/NetworkManager.spec
index 0cd619b..154f552 100644
--- a/NetworkManager.spec
+++ b/NetworkManager.spec
@@ -4,8 +4,8 @@
 %global glib2_version %(pkg-config --modversion glib-2.0 2>/dev/null || echo bad)
 
 %global epoch_version 1
-%global real_version 1.53.4
-%global git_tag_version_suffix -dev
+%global real_version 1.53.90
+%global git_tag_version 1.54-rc1
 %global rpm_version %{real_version}
 %global release_version 1
 %global snapshot %{nil}
@@ -172,7 +172,7 @@ Group: System Environment/Base
 License: GPL-2.0-or-later AND LGPL-2.1-or-later
 URL: https://networkmanager.dev/
 
-Source: https://gitlab.freedesktop.org/NetworkManager/NetworkManager/-/releases/%{real_version}%{git_tag_version_suffix}/downloads/%{name}-%{real_version}.tar.xz
+Source: https://gitlab.freedesktop.org/NetworkManager/NetworkManager/-/releases/%{git_tag_version}/downloads/%{name}-%{real_version}.tar.xz
 Source1: NetworkManager.conf
 Source2: 00-server.conf
 Source4: 20-connectivity-fedora.conf
@@ -1086,6 +1086,12 @@ fi
 
 
 %changelog
+* Fri May 30 2025 Vladimír Beneš <vbenes@redhat.com> - 1:1.54.0-1
+- Update to 1.54.0 (rc1)
+- Devices not becoming managed sometimes (RHEL-89914)
+- Crash on _l3cfg_notify_cb (RHEL-92020)
+- Fix autoconnect-ports for unrealized VLANs and other virtual devices (NMT-1610)
+
 * Mon May 5 2025 Vladimír Beneš <vbenes@redhat.com> - 1:1.53.4-1
 - Update to 1.53.4 (dev)
 - initrd: add new NBFT parser (RHEL-83058)
diff --git a/sources b/sources
index b0e9700..1e72808 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (NetworkManager-1.53.4.tar.xz) = e1f7297c25a3ea8a1f1fd4a969c38bbe7020d662f7d0032c42e9e0c089a9229eff6435a49850ab5189545fd450e3f51ac537e81a15f11278b53158ca5f697cc3
+SHA512 (NetworkManager-1.53.90.tar.xz) = e16a1c07561db5ab4c5b011247264604bda977c539e4850b6258b7cbfde33a0274880e72e5a3eff0087198f086c049907596ea3f93231bb5c028317445d6db33