diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6dbad20d5aa..2d0ca855ce6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 # Changelog
 
+## v1.31.3 (2023-08-24)
+    [release-1.31] Bump c/common 0.55.4, c/image 5.26.2, c/storage 1.48.1
+    rpm: spdx compatible license field
+    RPM: fix buildtags
+
 ## v1.31.2 (2023-08-10)
     [release-1.31] Bump to v1.31.2
 
diff --git a/changelog.txt b/changelog.txt
index 408e48fe83e..d6dcc986989 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,3 +1,8 @@
+-Changelog for v1.31.3 (2023-08-24)
+  * [release-1.31] Bump c/common 0.55.4, c/image 5.26.2, c/storage 1.48.1
+  * rpm: spdx compatible license field
+  * RPM: fix buildtags
+
 -Changelog for v1.31.2 (2023-08-10)
   * [release-1.31] Bump to v1.31.2
 
diff --git a/define/types.go b/define/types.go
index 5312ce3e1aa..82bb021c4b0 100644
--- a/define/types.go
+++ b/define/types.go
@@ -29,7 +29,7 @@ const (
 	// identify working containers.
 	Package = "buildah"
 	// Version for the Package. Also used by .packit.sh for Packit builds.
-	Version = "1.31.3-dev"
+	Version = "1.31.3"
 
 	// DefaultRuntime if containers.conf fails.
 	DefaultRuntime = "runc"