diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1941c5f786..f25b1a8ba7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,31 @@
 # Changelog
 
+## 1.31.0
+
+### Various fixes & improvements
+
+-  feat(integrations): Add integration for clickhouse-driver (#2167) by @mimre25
+- Made NoOpSpan compatible to Transactions. (#2364) by @antonpirker
+- build(deps): bump actions/checkout from 3 to 4 (#2361) by @dependabot
+- Prevent Falcon integration from breaking ASGI apps (#2359) by @szokeasaurusrex
+- Documenting Spans and Transactions (#2358) by @antonpirker
+- Fix tests using Postgres (#2362) by @antonpirker
+- feat(integrations): Add integration for asyncpg (#2314) by @mimre25
+- Added link to backpressure section in docs. (#2354) by @antonpirker
+- build(deps): bump actions/checkout from 2 to 4 (#2352) by @dependabot
+- build(deps): bump checkouts/data-schemas from `ebc77d3` to `68def1e` (#2351) by @dependabot
+- Updated linting tooling (#2350) by @antonpirker
+- feat(celery): Allow to override propagate_traces per task (#2331) by @jan-auer
+- Fixing deprecated version attribute (#2338) by @vagi8
+- build(deps): bump sphinx from 7.2.4 to 7.2.5 (#2344) by @dependabot
+- Fix transaction name in Starlette and FastAPI (#2341) by @antonpirker
+- Enhancement/add .vscode to .gitignore (#2317) by @shoaib-mohd
+- Backpressure: only downsample a max of 10 times (#2347) by @sl0thentr0py
+- Cleanup ASGI integration (#2335) by @antonpirker
+- Pin anyio in tests (dep of httpx), because new major 4.0.0 breaks tests. (#2336) by @antonpirker
+- fix(profiler): Do not call getcwd from module root (#2329) by @Zylphrex
+- Update changelog (#2327) by @sentrivana
+
 ## 1.30.0
 
 ### Various fixes & improvements
diff --git a/docs/conf.py b/docs/conf.py
index 2e8c38e971..40566b3b7a 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,7 +30,7 @@
 copyright = "2019-{}, Sentry Team and Contributors".format(datetime.now().year)
 author = "Sentry Team and Contributors"
 
-release = "1.30.0"
+release = "1.31.0"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index 4cd1916439..f5ca2324da 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -271,4 +271,4 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.30.0"
+VERSION = "1.31.0"
diff --git a/setup.py b/setup.py
index a70ebfc12d..ab5c083f31 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.30.0",
+    version="1.31.0",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",