diff --git a/docker/version.py b/docker/version.py
index 3429f284..fedd9ed7 100644
--- a/docker/version.py
+++ b/docker/version.py
@@ -1,2 +1,2 @@
-version = "3.2.0-dev"
+version = "3.1.1"
 version_info = tuple([int(d) for d in version.split("-")[0].split(".")])
diff --git a/docs/change-log.md b/docs/change-log.md
index ceab083e..94c325d6 100644
--- a/docs/change-log.md
+++ b/docs/change-log.md
@@ -1,6 +1,18 @@
 Change log
 ==========
 
+3.1.1
+-----
+
+[List of PRs / issues for this release](https://github.com/docker/docker-py/milestone/46?closed=1)
+
+### Bugfixes
+
+* Fixed a bug that caused costly DNS lookups on Mac OSX when connecting to the
+  engine through UNIX socket
+* Fixed a bug that caused `.dockerignore` comments to be read as exclusion
+  patterns
+
 3.1.0
 -----