diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7719bc65d3..c15c742f92 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,25 @@
+Changes in [1.7.31](https://github.com/vector-im/element-web/releases/tag/v1.7.31) (2021-06-21)
+===============================================================================================
+[Full Changelog](https://github.com/vector-im/element-web/compare/v1.7.31-rc.1...v1.7.31)
+
+ * Upgrade to React SDK 3.24.0 and JS SDK 12.0.0
+
+Changes in [1.7.31-rc.1](https://github.com/vector-im/element-web/releases/tag/v1.7.31-rc.1) (2021-06-15)
+=========================================================================================================
+[Full Changelog](https://github.com/vector-im/element-web/compare/v1.7.30...v1.7.31-rc.1)
+
+ * Upgrade to React SDK 3.24.0-rc.1 and JS SDK 12.0.0-rc.1
+ * Translations update from Weblate
+   [\#17655](https://github.com/vector-im/element-web/pull/17655)
+ * Upgrade matrix-react-test-utils for React 17 peer deps
+   [\#17653](https://github.com/vector-im/element-web/pull/17653)
+ * Fix lint errors in Webpack config
+   [\#17626](https://github.com/vector-im/element-web/pull/17626)
+ * Preload only `woff2` fonts
+   [\#17614](https://github.com/vector-im/element-web/pull/17614)
+ * ⚛️ Upgrade to React@17
+   [\#17601](https://github.com/vector-im/element-web/pull/17601)
+
 Changes in [1.7.30](https://github.com/vector-im/element-web/releases/tag/v1.7.30) (2021-06-07)
 ===============================================================================================
 [Full Changelog](https://github.com/vector-im/element-web/compare/v1.7.30-rc.1...v1.7.30)
diff --git a/package.json b/package.json
index bb8941b776..2ac5ea1db7 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "element-web",
-  "version": "1.7.30",
+  "version": "1.7.31",
   "description": "A feature-rich client for Matrix.org",
   "author": "New Vector Ltd.",
   "repository": {
@@ -60,8 +60,8 @@
     "highlight.js": "^10.5.0",
     "jsrsasign": "^10.1.5",
     "katex": "^0.12.0",
-    "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
-    "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
+    "matrix-js-sdk": "12.0.0",
+    "matrix-react-sdk": "3.24.0",
     "matrix-widget-api": "^0.1.0-beta.14",
     "prop-types": "^15.7.2",
     "react": "^17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 433d599ee4..6396ba990e 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7647,9 +7647,10 @@ mathml-tag-names@^2.1.3:
   resolved "https://registry.yarnpkg.com/mathml-tag-names/-/mathml-tag-names-2.1.3.tgz#4ddadd67308e780cf16a47685878ee27b736a0a3"
   integrity sha512-APMBEanjybaPzUrfqU0IMU5I0AswKMH7k8OTLs0vvV4KZpExkTkY87nR/zpbuTPj+gARop7aGUbl11pnDfW6xg==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "11.2.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/35ecbed29d16982deff27a8c37b05167738225a2"
+matrix-js-sdk@12.0.0:
+  version "12.0.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-12.0.0.tgz#8ee7cc37661476341d0c792a1a12bc78b19f9fdd"
+  integrity sha512-DHeq87Sx9Dv37FYyvZkmA1VYsQUNaVgc3QzMUkFwoHt1T4EZzgyYpdsp3uYruJzUW0ACvVJcwFdrU4e1VS97dQ==
   dependencies:
     "@babel/runtime" "^7.12.5"
     another-json "^0.2.0"
@@ -7669,9 +7670,10 @@ matrix-mock-request@^1.2.3:
     bluebird "^3.5.0"
     expect "^1.20.2"
 
-"matrix-react-sdk@github:matrix-org/matrix-react-sdk#develop":
-  version "3.23.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-react-sdk/tar.gz/3eca1cbec32c134869069def28fb0d85566607e7"
+matrix-react-sdk@3.24.0:
+  version "3.24.0"
+  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.24.0.tgz#da312338d790c7d4d8166ac2d5df983bda2e5445"
+  integrity sha512-I53P7ArdqfSLFrXB2jpb5ne8lvmw9uVYWhhvFaWgHIE1fuiTowx0SZaAl5bDH1XddHIbLwL+y8BsX95Yo5F7zQ==
   dependencies:
     "@babel/runtime" "^7.12.5"
     await-lock "^2.1.0"
@@ -7698,7 +7700,7 @@ matrix-mock-request@^1.2.3:
     katex "^0.12.0"
     linkifyjs "^2.1.9"
     lodash "^4.17.20"
-    matrix-js-sdk "github:matrix-org/matrix-js-sdk#develop"
+    matrix-js-sdk "12.0.0"
     matrix-widget-api "^0.1.0-beta.14"
     minimist "^1.2.5"
     opus-recorder "^8.0.3"