diff --git a/msal/application.py b/msal/application.py
index 99f2e285..0869d9e5 100644
--- a/msal/application.py
+++ b/msal/application.py
@@ -21,7 +21,7 @@
 
 
 # The __init__.py will import this. Not the other way around.
-__version__ = "1.30.0"  # When releasing, also check and bump our dependencies's versions if needed
+__version__ = "1.31.0"  # When releasing, also check and bump our dependencies's versions if needed
 
 logger = logging.getLogger(__name__)
 _AUTHORITY_TYPE_CLOUDSHELL = "CLOUDSHELL"