diff --git a/Cargo.lock b/Cargo.lock
index fc9bf4cab50..c7a5775b18f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2510,7 +2510,7 @@ dependencies = [
 
 [[package]]
 name = "libp2p-connection-limits"
-version = "0.3.0"
+version = "0.3.1"
 dependencies = [
  "async-std",
  "libp2p-core",
diff --git a/Cargo.toml b/Cargo.toml
index 00aa66625cb..11ac47b0be4 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -75,7 +75,7 @@ futures-bounded = { version = "0.2.3", path = "misc/futures-bounded" }
 libp2p = { version = "0.53.2", path = "libp2p" }
 libp2p-allow-block-list = { version = "0.3.0", path = "misc/allow-block-list" }
 libp2p-autonat = { version = "0.12.0", path = "protocols/autonat" }
-libp2p-connection-limits = { version = "0.3.0", path = "misc/connection-limits" }
+libp2p-connection-limits = { version = "0.3.1", path = "misc/connection-limits" }
 libp2p-core = { version = "0.41.2", path = "core" }
 libp2p-dcutr = { version = "0.11.0", path = "protocols/dcutr" }
 libp2p-dns = { version = "0.41.1", path = "transports/dns" }
diff --git a/misc/connection-limits/CHANGELOG.md b/misc/connection-limits/CHANGELOG.md
index a5b68a6f51b..4654281a83e 100644
--- a/misc/connection-limits/CHANGELOG.md
+++ b/misc/connection-limits/CHANGELOG.md
@@ -1,3 +1,8 @@
+## 0.3.1
+
+- Add function to mutate `ConnectionLimits`.
+  See [PR 4964](https://github.com/libp2p/rust-libp2p/pull/4964).
+
 ## 0.3.0
 
 
diff --git a/misc/connection-limits/Cargo.toml b/misc/connection-limits/Cargo.toml
index 2aa26ad44f1..8ecb0005cb1 100644
--- a/misc/connection-limits/Cargo.toml
+++ b/misc/connection-limits/Cargo.toml
@@ -3,7 +3,7 @@ name = "libp2p-connection-limits"
 edition = "2021"
 rust-version = { workspace = true }
 description = "Connection limits for libp2p."
-version = "0.3.0"
+version = "0.3.1"
 license = "MIT"
 repository = "https://github.com/libp2p/rust-libp2p"
 keywords = ["peer-to-peer", "libp2p", "networking"]
diff --git a/misc/connection-limits/src/lib.rs b/misc/connection-limits/src/lib.rs
index cb12599ad79..dbe68a8ad11 100644
--- a/misc/connection-limits/src/lib.rs
+++ b/misc/connection-limits/src/lib.rs
@@ -79,6 +79,12 @@ impl Behaviour {
             established_per_peer: Default::default(),
         }
     }
+
+    /// Returns a mutable reference to [`ConnectionLimits`].
+    /// > **Note**: A new limit will not be enforced against existing connections.
+    pub fn limits_mut(&mut self) -> &mut ConnectionLimits {
+        &mut self.limits
+    }
 }
 
 fn check_limit(limit: Option<u32>, current: usize, kind: Kind) -> Result<(), ConnectionDenied> {