An update on the JPEG XL standardization effort: JPEG XL is a practical approach focused on scalable web distribution and efficient compression of high-quality images. It will provide various benefits compared to existing image formats: significantly smaller size at equivalent subjective quality; fast, parallelizable decoding and encoding configurations; features such as progressive, lossless, animation, and reversible transcoding of existing JPEG; support for high-quality applications including wide gamut, higher resolution/bit depth/dynamic range, and visually lossless coding. Additionally, a royalty-free baseline is an important goal. The JPEG XL architecture is traditional block-transform coding with upgrades to each component. We describe these components and analyze decoded image quality.