diff --git a/Cargo.lock b/Cargo.lock
index 81ed6660fbf..6ba3a740750 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1150,7 +1150,7 @@ dependencies = [
 
 [[package]]
 name = "qiskit-accelerate"
-version = "1.3.0"
+version = "1.3.1"
 dependencies = [
  "ahash 0.8.11",
  "approx 0.5.1",
@@ -1182,7 +1182,7 @@ dependencies = [
 
 [[package]]
 name = "qiskit-circuit"
-version = "1.3.0"
+version = "1.3.1"
 dependencies = [
  "ahash 0.8.11",
  "approx 0.5.1",
@@ -1202,7 +1202,7 @@ dependencies = [
 
 [[package]]
 name = "qiskit-pyext"
-version = "1.3.0"
+version = "1.3.1"
 dependencies = [
  "pyo3",
  "qiskit-accelerate",
@@ -1213,7 +1213,7 @@ dependencies = [
 
 [[package]]
 name = "qiskit-qasm2"
-version = "1.3.0"
+version = "1.3.1"
 dependencies = [
  "hashbrown 0.14.5",
  "num-bigint",
@@ -1223,7 +1223,7 @@ dependencies = [
 
 [[package]]
 name = "qiskit-qasm3"
-version = "1.3.0"
+version = "1.3.1"
 dependencies = [
  "ahash 0.8.11",
  "hashbrown 0.14.5",
diff --git a/Cargo.toml b/Cargo.toml
index acd5c57af7a..f9c8d3cf485 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@ members = ["crates/*"]
 resolver = "2"
 
 [workspace.package]
-version = "1.3.0"
+version = "1.3.1"
 edition = "2021"
 rust-version = "1.70"  # Keep in sync with README.md and rust-toolchain.toml.
 license = "Apache-2.0"
diff --git a/docs/conf.py b/docs/conf.py
index a625ff9ae8c..343373cf7d7 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -32,7 +32,7 @@
 # The short X.Y version
 version = "1.3"
 # The full version, including alpha/beta/rc tags
-release = "1.3.0"
+release = "1.3.1"
 
 language = "en"
 
diff --git a/qiskit/VERSION.txt b/qiskit/VERSION.txt
index f0bb29e7638..3a3cd8cc8b0 100644
--- a/qiskit/VERSION.txt
+++ b/qiskit/VERSION.txt
@@ -1 +1 @@
-1.3.0
+1.3.1
diff --git a/releasenotes/notes/prepare-1.3.1-73e89b4c98747d0f.yaml b/releasenotes/notes/prepare-1.3.1-73e89b4c98747d0f.yaml
new file mode 100644
index 00000000000..639448e0ebf
--- /dev/null
+++ b/releasenotes/notes/prepare-1.3.1-73e89b4c98747d0f.yaml
@@ -0,0 +1,3 @@
+---
+prelude: >
+    Qiskit 1.3.1 is a minor bugfix release for the 1.3 series.