diff --git a/sdk/storage/azblob/CHANGELOG.md b/sdk/storage/azblob/CHANGELOG.md
index 3b66f7be9521..3df8b5c52079 100644
--- a/sdk/storage/azblob/CHANGELOG.md
+++ b/sdk/storage/azblob/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.3.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.3.0 (2024-02-12)
 
 ### Bugs Fixed
diff --git a/sdk/storage/azblob/internal/exported/version.go b/sdk/storage/azblob/internal/exported/version.go
index 6ee5452f807a..2c7912dd7052 100644
--- a/sdk/storage/azblob/internal/exported/version.go
+++ b/sdk/storage/azblob/internal/exported/version.go
@@ -8,5 +8,5 @@ package exported
 
 const (
 	ModuleName    = "github.com/Azure/azure-sdk-for-go/sdk/storage/azblob"
-	ModuleVersion = "v1.3.0"
+	ModuleVersion = "v1.3.1"
 )