diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 019ed65f4..59fd774f3 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,6 +1,6 @@
 {
   "providers/flagd": "0.8.4",
-  "hooks/open-telemetry": "3.1.2",
+  "hooks/open-telemetry": "3.1.3",
   "providers/go-feature-flag": "0.2.23",
   "providers/flagsmith": "0.0.8",
   "providers/env-var": "0.0.6",
diff --git a/hooks/open-telemetry/CHANGELOG.md b/hooks/open-telemetry/CHANGELOG.md
index 2e0ca47b8..328ba7fdd 100644
--- a/hooks/open-telemetry/CHANGELOG.md
+++ b/hooks/open-telemetry/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.1.3](https://github.com/open-feature/java-sdk-contrib/compare/dev.openfeature.contrib.hooks.otel-v3.1.2...dev.openfeature.contrib.hooks.otel-v3.1.3) (2024-07-29)
+
+
+### 🐛 Bug Fixes
+
+* **deps:** update opentelemetry-java monorepo to v1.40.0 ([#870](https://github.com/open-feature/java-sdk-contrib/issues/870)) ([53f4435](https://github.com/open-feature/java-sdk-contrib/commit/53f4435dce0b0f80fcae48d3f664a88d9734e7d0))
+
 ## [3.1.2](https://github.com/open-feature/java-sdk-contrib/compare/dev.openfeature.contrib.hooks.otel-v3.1.1...dev.openfeature.contrib.hooks.otel-v3.1.2) (2024-06-17)
 
 
diff --git a/hooks/open-telemetry/README.md b/hooks/open-telemetry/README.md
index 3a8bfb8b3..3339293df 100644
--- a/hooks/open-telemetry/README.md
+++ b/hooks/open-telemetry/README.md
@@ -12,7 +12,7 @@ These hooks can be used to determine the impact a feature has on a request, enab
 <dependency>
     <groupId>dev.openfeature.contrib.hooks</groupId>
     <artifactId>otel</artifactId>
-    <version>3.1.2</version>
+    <version>3.1.3</version>
 </dependency>
 ```
 
diff --git a/hooks/open-telemetry/pom.xml b/hooks/open-telemetry/pom.xml
index e3e7aeb6b..0dd774d1e 100644
--- a/hooks/open-telemetry/pom.xml
+++ b/hooks/open-telemetry/pom.xml
@@ -10,7 +10,7 @@
     </parent>
     <groupId>dev.openfeature.contrib.hooks</groupId>
     <artifactId>otel</artifactId>
-    <version>3.1.2</version> <!--x-release-please-version -->
+    <version>3.1.3</version> <!--x-release-please-version -->
 
     <name>open-telemetry-hook</name>
     <description>Open Telemetry Hook</description>
diff --git a/hooks/open-telemetry/version.txt b/hooks/open-telemetry/version.txt
index ef538c281..ff365e06b 100644
--- a/hooks/open-telemetry/version.txt
+++ b/hooks/open-telemetry/version.txt
@@ -1 +1 @@
-3.1.2
+3.1.3