diff --git a/custom_components/mikrotik_router/update.py b/custom_components/mikrotik_router/update.py
index 83c032e..ef01cec 100644
--- a/custom_components/mikrotik_router/update.py
+++ b/custom_components/mikrotik_router/update.py
@@ -2,6 +2,7 @@
 
 from __future__ import annotations
 
+import asyncio
 from logging import getLogger
 from typing import Any
 
@@ -22,6 +23,7 @@ from .update_types import (
     SENSOR_TYPES,
     SENSOR_SERVICES,
 )
+from packaging.version import Version
 
 _LOGGER = getLogger(__name__)
 DEVICE_UPDATE = "device_update"
@@ -92,17 +94,18 @@ class MikrotikRouterOSUpdate(MikrotikEntity, UpdateEntity):
         """Return the release notes."""
         try:
             session = async_get_clientsession(self.hass)
-            async with session.get(
-                f"https://cdn.mikrotik.com/routeros/{self._data['latest-version']}/CHANGELOG"
-            ) as response:
-                if response.status == 200:
-                    text = await response.text()
-                    return text.replace("*) ", "- ")
-                else:
-                    _LOGGER.warning(
-                        "Failed to fetch release notes due to a network error."
-                    )
-                    return "Failed to fetch release notes due to a network error."
+            """Get concatenated changelogs from installed_version to latest_version in reverse order."""
+            versions_to_fetch = generate_version_list(
+                self._data["installed-version"], self._data["latest-version"]
+            )
+
+            tasks = [fetch_changelog(session, version) for version in versions_to_fetch]
+            changelogs = await asyncio.gather(*tasks)
+
+            # Combine all non-empty changelogs, maintaining reverse order
+            combined_changelogs = "\n".join(filter(None, changelogs))
+            return combined_changelogs.replace("*) ", "- ")
+
         except Exception as e:
             _LOGGER.warning("Failed to download release notes (%s)", e)
 
@@ -160,3 +163,47 @@ class MikrotikRouterBoardFWUpdate(MikrotikEntity, UpdateEntity):
         """Install an update."""
         self.coordinator.execute("/system/routerboard", "upgrade", None, None)
         self.coordinator.execute("/system", "reboot", None, None)
+
+
+async def fetch_changelog(session, version: str) -> str:
+    """Asynchronously fetch the changelog for a given version."""
+    url = f"https://cdn.mikrotik.com/routeros/{version}/CHANGELOG"
+    try:
+        async with session.get(url) as response:
+            if response.status == 200:
+                text = await response.text()
+                return text.replace("*) ", "- ")
+    except Exception as e:
+        pass
+    return ""
+
+
+def generate_version_list(start_version: str, end_version: str) -> list:
+    """Generate a list of version strings from start_version to end_version in reverse order."""
+    start = Version(start_version)
+    end = Version(end_version)
+    versions = []
+
+    current = end
+    while current >= start:
+        versions.append(str(current))
+        current = decrement_version(current, start)
+
+    return versions
+
+
+def decrement_version(version: Version, start_version: Version) -> Version:
+    """Decrement version by the smallest possible step without going below start_version."""
+    if version.micro > 0:
+        next_patch = version.micro - 1
+        return Version(f"{version.major}.{version.minor}.{next_patch}")
+    elif version.minor > 0:
+        next_minor = version.minor - 1
+        return Version(
+            f"{version.major}.{next_minor}.999"
+        )  # Assuming .999 as max patch version
+    else:
+        next_major = version.major - 1
+        return Version(
+            f"{next_major}.999.999"
+        )  # Assuming .999 as max minor and patch version