diff --git a/package/python-ipython/python-ipython.hash b/package/python-ipython/python-ipython.hash
index 5f591129a4..cd18c3d125 100644
--- a/package/python-ipython/python-ipython.hash
+++ b/package/python-ipython/python-ipython.hash
@@ -1,6 +1,6 @@
 # md5, sha256 from https://pypi.org/pypi/ipython/json
-md5  f733048322cd34ce392ec5404813540b  ipython-7.28.0.tar.gz
-sha256  2097be5c814d1b974aea57673176a924c4c8c9583890e7a5f082f547b9975b11  ipython-7.28.0.tar.gz
+md5  6907b67691ba697173a3befb2c35f7ac  ipython-7.31.1.tar.gz
+sha256  b5548ec5329a4bcf054a5deed5099b0f9622eb9ea51aaa7104d215fece201d8c  ipython-7.31.1.tar.gz
 # Locally computed sha256 checksums
-sha256	341afcbd729887b7046fe7b98fc4f4edff3aed8d38f06eefd9b30670f043df17 COPYING.rst
-sha256	e0e390748ed440ab893ca1f135a88a920aaf5409dbb90a5b427c75c5e51268fb  LICENSE
+sha256  341afcbd729887b7046fe7b98fc4f4edff3aed8d38f06eefd9b30670f043df17  COPYING.rst
+sha256  e0e390748ed440ab893ca1f135a88a920aaf5409dbb90a5b427c75c5e51268fb  LICENSE
diff --git a/package/python-ipython/python-ipython.mk b/package/python-ipython/python-ipython.mk
index c669dd1b92..389ebfa897 100644
--- a/package/python-ipython/python-ipython.mk
+++ b/package/python-ipython/python-ipython.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_IPYTHON_VERSION = 7.28.0
+PYTHON_IPYTHON_VERSION = 7.31.1
 PYTHON_IPYTHON_SOURCE = ipython-$(PYTHON_IPYTHON_VERSION).tar.gz
-PYTHON_IPYTHON_SITE = https://files.pythonhosted.org/packages/e2/c8/7046d0409a90e31263d5bbaa708347d522ac584a1140c01a951d9deb1792
+PYTHON_IPYTHON_SITE = https://files.pythonhosted.org/packages/fb/39/c1947dc1bb993a35469ca474535cb3214c91f5f9a7752a1fcbd9b6b37dde
 PYTHON_IPYTHON_LICENSE = BSD-3-Clause
 PYTHON_IPYTHON_LICENSE_FILES = COPYING.rst LICENSE
 PYTHON_IPYTHON_CPE_ID_VENDOR = ipython