diff --git a/CMakeLists.txt b/CMakeLists.txt
index 32effa06..141636f4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.10.2 FATAL_ERROR)
 #============================================================================
 # Initialize the project
 #============================================================================
-project(gz-msgs10 VERSION 10.3.0)
+project(gz-msgs10 VERSION 10.3.1)
 
 #============================================================================
 # Find gz-cmake
diff --git a/Changelog.md b/Changelog.md
index 3c610cf2..16c824b3 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,5 +1,13 @@
 ## Gazebo Msgs 10.x
 
+### Gazebo Msgs 10.3.1 (2024-11-11)
+
+1. Add rule to build python version of protos
+    * [Pull request #474](https://github.com/gazebosim/gz-msgs/pull/474)
+
+1. Return only unique message types in `MessageFactory::Types` function
+    * [Pull request #472](https://github.com/gazebosim/gz-msgs/pull/472)
+   
 ### Gazebo Msgs 10.3.0 (2024-06-18)
 
 1. Backport: Adding cone primitives.
diff --git a/package.xml b/package.xml
index 66c56f5c..37b676e6 100644
--- a/package.xml
+++ b/package.xml
@@ -1,7 +1,7 @@
 <?xml version="1.0"?>
 <package format="2">
   <name>gz-msgs10</name>
-  <version>10.3.0</version>
+  <version>10.3.1</version>
   <description>Gazebo Messages: Protobuf messages and functions for robot applications</description>
   <maintainer email="caguero@openrobotics.org">Carlos Agüero</maintainer>
   <license>Apache License 2.0</license>