diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1475125b1..ebc14d6a8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,11 @@ Change Log
 ------------
 * ...
 
+[1.3.1] - 2021-01-22
+--------------------
+##### Bugfixes
+* Revert #592 since fastText cannot be installed on Windows ([#618](../../pull/618))
+
 [1.3.0] - 2021-01-21
 --------------------
 ##### Enhancements
@@ -241,6 +246,7 @@ Change Log
 
 
 [next]: https://github.com/biolab/orange3-text/compare/1.3.0...HEAD
+[1.3.1]: https://github.com/biolab/orange3-text/compare/1.3.0...1.3.1
 [1.3.0]: https://github.com/biolab/orange3-text/compare/1.2.0...1.3.0
 [1.2.0]: https://github.com/biolab/orange3-text/compare/1.1.0...1.2.0
 [1.1.0]: https://github.com/biolab/orange3-text/compare/1.0.0...1.1.0
diff --git a/setup.py b/setup.py
index 7ef002081..8ad6f58fb 100644
--- a/setup.py
+++ b/setup.py
@@ -16,9 +16,9 @@
 NAME = 'Orange3-Text'
 
 MAJOR = 1
-MINOR = 4
-MICRO = 0
-IS_RELEASED = False
+MINOR = 3
+MICRO = 1
+IS_RELEASED = True
 VERSION = '%d.%d.%d' % (MAJOR, MINOR, MICRO)
 FULL_VERSION = VERSION