diff --git a/go.mod b/go.mod
index a6b49d72fe..5453312fc4 100644
--- a/go.mod
+++ b/go.mod
@@ -19,7 +19,7 @@ require (
 	github.com/cosmos/cosmos-sdk v0.47.5
 	github.com/cosmos/go-bip39 v1.0.0
 	github.com/cosmos/gogoproto v1.4.10
-	github.com/cosmos/ibc-go/v7 v7.3.0
+	github.com/cosmos/ibc-go/v7 v7.3.1
 	github.com/ethereum/go-ethereum v1.10.18
 	github.com/ghodss/yaml v1.0.0
 	github.com/gogo/protobuf v1.3.2
diff --git a/go.sum b/go.sum
index ff9a000461..f602ae2592 100644
--- a/go.sum
+++ b/go.sum
@@ -431,8 +431,8 @@ github.com/cosmos/gogoproto v1.4.10 h1:QH/yT8X+c0F4ZDacDv3z+xE3WU1P1Z3wQoLMBRJoK
 github.com/cosmos/gogoproto v1.4.10/go.mod h1:3aAZzeRWpAwr+SS/LLkICX2/kDFyaYVzckBDzygIxek=
 github.com/cosmos/iavl v0.20.1 h1:rM1kqeG3/HBT85vsZdoSNsehciqUQPWrR4BYmqE2+zg=
 github.com/cosmos/iavl v0.20.1/go.mod h1:WO7FyvaZJoH65+HFOsDir7xU9FWk2w9cHXNW1XHcl7A=
-github.com/cosmos/ibc-go/v7 v7.3.0 h1:QtGeVMi/3JeLWuvEuC60sBHpAF40Oenx/y+bP8+wRRw=
-github.com/cosmos/ibc-go/v7 v7.3.0/go.mod h1:mUmaHFXpXrEdcxfdXyau+utZf14pGKVUiXwYftRZZfQ=
+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=