diff --git a/CHANGELOG.md b/CHANGELOG.md
index b0afb560e..d4c4e8cec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,18 @@ OpenNMT-tf follows [semantic versioning 2.0.0](https://semver.org/). The API cov
 
 ### Fixes and improvements
 
+## [2.31.0](https://github.com/OpenNMT/OpenNMT-tf/releases/tag/v2.31.0) (2023-01-13)
+
+### New features
+
+* Add option `--jit_compile` to compile the model with XLA (only applied in training at the moment)
+
+### Fixes and improvements
+
+* Improve correctness of gradient accumulation and multi-GPU training by normalizing the gradients with the true global batch size instead of using an approximation
+* Report the total number of tokens per second in the training logs, in addition to the source and target numbers
+* Relax the sacreBLEU version requirement to include any 2.x versions
+
 ## [2.30.0](https://github.com/OpenNMT/OpenNMT-tf/releases/tag/v2.30.0) (2022-12-12)
 
 ### Changes
diff --git a/opennmt/version.py b/opennmt/version.py
index c51b56918..e9f45ff53 100644
--- a/opennmt/version.py
+++ b/opennmt/version.py
@@ -1,6 +1,6 @@
 """OpenNMT-tf version."""
 
-__version__ = "2.30.0"
+__version__ = "2.31.0"
 
 INCLUSIVE_MIN_TF_VERSION = "2.6.0"
 EXCLUSIVE_MAX_TF_VERSION = "2.12.0"