diff --git a/go.mod b/go.mod
index 0bfe69880..f7e1b8000 100644
--- a/go.mod
+++ b/go.mod
@@ -30,7 +30,7 @@ require (
 	github.com/cometbft/cometbft-db v0.8.0
 	github.com/cosmos/ibc-apps/middleware/packet-forward-middleware/v7 v7.0.0
 	github.com/cosmos/ibc-apps/modules/ibc-hooks/v7 v7.0.0-20230803181732-7c8f814d3b79
-	github.com/cosmos/ibc-go/v7 v7.3.0
+	github.com/cosmos/ibc-go/v7 v7.3.1
 	github.com/prometheus/client_golang v1.17.0
 	google.golang.org/genproto/googleapis/api v0.0.0-20230726155614-23370e0ffb3e
 )
diff --git a/go.sum b/go.sum
index 4eee742a4..03ba4eff0 100644
--- a/go.sum
+++ b/go.sum
@@ -407,8 +407,8 @@ github.com/cosmos/ibc-apps/middleware/packet-forward-middleware/v7 v7.0.0 h1:i9e
 github.com/cosmos/ibc-apps/middleware/packet-forward-middleware/v7 v7.0.0/go.mod h1:fctjEnz9xaBFOlmYYPdKL8Hs1Y3GUKilSwsJdqBb5QU=
 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 v7.3.0 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=