diff --git a/releasenotes/notes/subnet-pool-resource-c32ff97d4f956b73.yaml b/releasenotes/notes/subnet-pool-resource-c32ff97d4f956b73.yaml
new file mode 100644
index 0000000000..10d375c8dc
--- /dev/null
+++ b/releasenotes/notes/subnet-pool-resource-c32ff97d4f956b73.yaml
@@ -0,0 +1,9 @@
+---
+features:
+  - A new ``OS::Neutron:SubnetPool`` resource that helps in
+   managing the lifecycle of neutron subnet pool.
+   Availability of this resource depends on availability of
+   neutron ``subnet_allocation`` API extension.
+  - Resource ``OS::neutron::Subnet`` now supports ``subnetpool``
+   optional property, that will automate the allocation of CIDR
+   for the subnet from the specified subnet pool.
\ No newline at end of file