diff --git a/CHANGELOG.md b/CHANGELOG.md
index c917528ce..e6c1cdc3f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,13 @@ All enhancements and patches to Cookiecutter Django will be documented in this f
 
 <!-- GENERATOR_PLACEHOLDER -->
 
+## 2024.01.31
+
+
+### Updated
+
+- Update python-slugify to 8.0.3 ([#4826](https://github.com/cookiecutter/cookiecutter-django/pull/4826))
+
 ## 2024.01.30
 
 
diff --git a/setup.py b/setup.py
index de29b44d1..47c5298ab 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ except ImportError:
     from distutils.core import setup
 
 # We use calendar versioning
-version = "2024.01.30"
+version = "2024.01.31"
 
 with open("README.md") as readme_file:
     long_description = readme_file.read()