diff --git a/NEWS b/NEWS
index f7636135bc7..13229cb3a23 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,6 @@
+v3.1.4 - xx xxx xxxx
+--------------------
+
 v3.1.3 - 17 Oct 2023
 --------------------
    - Bug fixes
diff --git a/configure.ac b/configure.ac
index f4fb551aee7..cd50adcb287 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 AC_PREREQ(2.63)
-AC_INIT(openvswitch, 3.1.3, bugs@openvswitch.org)
+AC_INIT(openvswitch, 3.1.4, bugs@openvswitch.org)
 AC_CONFIG_SRCDIR([vswitchd/ovs-vswitchd.c])
 AC_CONFIG_MACRO_DIR([m4])
 AC_CONFIG_AUX_DIR([build-aux])
diff --git a/debian/changelog b/debian/changelog
index e6381c993a7..a47e462424c 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+openvswitch (3.1.4-1) unstable; urgency=low
+   [ Open vSwitch team ]
+   * New upstream version
+
+ -- Open vSwitch team <dev@openvswitch.org>  Tue, 17 Oct 2023 13:02:17 +0200
+
 openvswitch (3.1.3-1) unstable; urgency=low
    [ Open vSwitch team ]
    * New upstream version