diff --git a/sdk/identity/identity/CHANGELOG.md b/sdk/identity/identity/CHANGELOG.md
index 328e8c06e184..1f87e91b9081 100644
--- a/sdk/identity/identity/CHANGELOG.md
+++ b/sdk/identity/identity/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 3.1.4 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 3.1.3 (2023-01-12)
 
 ### Other Changes
diff --git a/sdk/identity/identity/package.json b/sdk/identity/identity/package.json
index c00ec950da5c..e13bdf22589a 100644
--- a/sdk/identity/identity/package.json
+++ b/sdk/identity/identity/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@azure/identity",
   "sdk-type": "client",
-  "version": "3.1.3",
+  "version": "3.1.4",
   "description": "Provides credential implementations for Azure SDK libraries that can authenticate with Azure Active Directory",
   "main": "dist/index.js",
   "module": "dist-esm/src/index.js",
diff --git a/sdk/identity/identity/src/constants.ts b/sdk/identity/identity/src/constants.ts
index 87d145fb6425..87a25b638b33 100644
--- a/sdk/identity/identity/src/constants.ts
+++ b/sdk/identity/identity/src/constants.ts
@@ -5,7 +5,7 @@
  * Current version of the `@azure/identity` package.
  */
 
-export const SDK_VERSION = `3.1.2`;
+export const SDK_VERSION = `3.1.4`;
 
 /**
  * The default client ID for authentication