diff --git a/arrow-libs/gradle.properties b/arrow-libs/gradle.properties
index 8c8f1285724..668cad66821 100644
--- a/arrow-libs/gradle.properties
+++ b/arrow-libs/gradle.properties
@@ -27,7 +27,7 @@ KOTEST_VERSION=5.0.0.M1
 KOTEST_GRADLE_VERSION=5.0.0.5
 KOTLIN_POET_VERSION=1.5.0
 KOTLIN_TEST_VERSION=3.3.3
-KOTLIN_VERSION=1.5.30
+KOTLIN_VERSION=1.5.31
 KOTLINX_COLLECTIONS_IMMUTABLE_VERSION=0.1
 KOTLINX_COROUTINES_VERSION=1.5.2
 KOTLINX_VALIDATOR_VERSION=0.2.2