diff --git a/go.mod b/go.mod
index b7760336b..4094c4e5e 100644
--- a/go.mod
+++ b/go.mod
@@ -29,7 +29,7 @@ require (
 
 require (
 	github.com/cosmos/ibc-apps/middleware/packet-forward-middleware/v7 v7.0.0
-	github.com/cosmos/ibc-go/v7 v7.2.0
+	github.com/cosmos/ibc-go/v7 v7.3.1
 	github.com/cosmos/ics23/go v0.10.0 // indirect
 	github.com/golangci/golangci-lint v1.51.2
 	github.com/rakyll/statik v0.1.7
diff --git a/go.sum b/go.sum
index a48c03ea1..24fb77dc5 100644
--- a/go.sum
+++ b/go.sum
@@ -1103,8 +1103,8 @@ github.com/cosmos/ibc-apps/modules/async-icq/v7 v7.0.0 h1:mMHedP3Q+mz5gpOWNz0P+X
 github.com/cosmos/ibc-apps/modules/async-icq/v7 v7.0.0/go.mod h1:/P6l2bWo2AR3rrsfs0DHuFZO3Imzb93sxFD3ihrIgw4=
 github.com/cosmos/ibc-apps/modules/ibc-hooks/v7 v7.0.0-20230803181732-7c8f814d3b79 h1:pCxyhIxgWTabAQC5UerkITraHG3SwajdLKKMCFDWCv4=
 github.com/cosmos/ibc-apps/modules/ibc-hooks/v7 v7.0.0-20230803181732-7c8f814d3b79/go.mod h1:JwHFbo1oX/ht4fPpnPvmhZr+dCkYK1Vihw+vZE9umR4=
-github.com/cosmos/ibc-go/v7 v7.2.0 h1:dx0DLUl7rxdyZ8NiT6UsrbzKOJx/w7s+BOaewFRH6cg=
-github.com/cosmos/ibc-go/v7 v7.2.0/go.mod h1:OOcjKIRku/j1Xs1RgKK0yvKRrJ5iFuZYMetR1n3yMlc=
+github.com/cosmos/ibc-go/v7 v7.3.1 h1:bil1IjnHdyWDASFYKfwdRiNtFP6WK3osW7QFEAgU4I8=
+github.com/cosmos/ibc-go/v7 v7.3.1/go.mod h1:wvx4pPBofe5ZdMNV3OFRxSI4auEP5Qfqf8JXLLNV04g=
 github.com/cosmos/ics23/go v0.10.0 h1:iXqLLgp2Lp+EdpIuwXTYIQU+AiHj9mOC2X9ab++bZDM=
 github.com/cosmos/ics23/go v0.10.0/go.mod h1:ZfJSmng/TBNTBkFemHHHj5YY7VAU/MBU980F4VU1NG0=
 github.com/cosmos/keyring v1.2.0 h1:8C1lBP9xhImmIabyXW4c3vFjjLiBdGCmfLUfeZlV1Yo=