diff --git a/VERSION b/VERSION
index 9395e39370..88ae1508bf 100644
--- a/VERSION
+++ b/VERSION
@@ -20,4 +20,4 @@
 #
 # Lines starting with "#" and blank lines are ignored.
 
-v1.3.0
+v1.3.1
diff --git a/docs/sources/_index.md b/docs/sources/_index.md
index b30ebd8bed..5fd9a8eb19 100644
--- a/docs/sources/_index.md
+++ b/docs/sources/_index.md
@@ -4,7 +4,7 @@ title: Grafana Alloy
 description: Grafana Alloy is a a vendor-neutral distribution of the OTel Collector
 weight: 350
 cascade:
-  ALLOY_RELEASE: v1.3.0
+  ALLOY_RELEASE: v1.3.1
   OTEL_VERSION: v0.105.0
   FULL_PRODUCT_NAME: Grafana Alloy
   PRODUCT_NAME: Alloy