diff --git a/go.mod b/go.mod
index 6c48564ed4..a915a727b1 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/cometbft/cometbft-db v0.8.0
 	github.com/cosmos/cosmos-sdk v0.47.5
 	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/cosmos/ics23/go v0.10.0
 	github.com/golang/mock v1.6.0
 	github.com/golang/protobuf v1.5.3
diff --git a/go.sum b/go.sum
index 9c7f7fc2a7..b7c59ff2cd 100644
--- a/go.sum
+++ b/go.sum
@@ -336,8 +336,8 @@ 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 v0.20.0 h1:fTVznVlepH0KK8NyKq8w+U7c2L6jofa27aFX6YGlm38=
 github.com/cosmos/iavl v0.20.0/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/ledger-cosmos-go v0.12.2 h1:/XYaBlE2BJxtvpkHiBm97gFGSGmYGKunKyF3nNqAXZA=