diff --git a/docs/release-notes/version-3.1.md b/docs/release-notes/version-3.1.md
index b117107b6..66e6d3c9f 100644
--- a/docs/release-notes/version-3.1.md
+++ b/docs/release-notes/version-3.1.md
@@ -1,5 +1,9 @@
 # NetBox v3.1
 
+## v3.1.1 (FUTURE)
+
+---
+
 ## v3.1.0 (2021-12-06)
 
 !!! warning "PostgreSQL 10 Required"
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 20a6d5d02..27860e967 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -19,7 +19,7 @@ from netbox.config import PARAMS
 # Environment setup
 #
 
-VERSION = '3.1.0'
+VERSION = '3.1.1-dev'
 
 # Hostname
 HOSTNAME = platform.node()