diff --git a/CHANGELOG.md b/CHANGELOG.md
index 54a693c..836387b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
+## [3.1.1] - 2021-11-03
+
+### Fixed
+
+- Support backwards incompatible changes in Ajv 8 when passing in Ajv instance in JSON Schema options [#163](https://github.com/kafkajs/confluent-schema-registry/pull/163)
+
 ## [3.1.0] - 2021-11-03
 
 ### Added
diff --git a/package.json b/package.json
index ef45189..69e8bbb 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@kafkajs/confluent-schema-registry",
-  "version": "3.1.0",
+  "version": "3.1.1",
   "main": "dist/index.js",
   "description": "ConfluentSchemaRegistry is a library that makes it easier to interact with the Confluent schema registry, it provides convenient methods to encode, decode and register new schemas using the Apache Avro serialization format.",
   "keywords": [