diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 0a98a2d..bf7c4c4 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,3 +1,9 @@
+v5.3.1 (2023-05-27)
+===================
+
+- Depend on Python >= 3.7.
+
+
 v5.3.0 (2023-01-22)
 ===================
 
diff --git a/src/cachetools/__init__.py b/src/cachetools/__init__.py
index 1f758a0..404b40e 100644
--- a/src/cachetools/__init__.py
+++ b/src/cachetools/__init__.py
@@ -13,7 +13,7 @@
     "cachedmethod",
 )
 
-__version__ = "5.3.0"
+__version__ = "5.3.1"
 
 import collections
 import collections.abc