diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 8686ffb7..9f76578d 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -5,6 +5,21 @@ Community PostgreSQL Collection Release Notes
 .. contents:: Topics
 
 
+v2.3.1
+======
+
+Release Summary
+---------------
+
+This is the bugfix release of the ``community.postgresql`` collection.
+This changelog contains all changes to the modules in this collection that
+have been added after release 2.3.0.
+
+Bugfixes
+--------
+
+- postgresql_privs - fails with ``type=default_privs``, ``privs=ALL``, ``objs=ALL_DEFAULT`` (https://github.com/ansible-collections/community.postgresql/issues/373).
+
 v2.3.0
 ======
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index be1c8fee..79b209bc 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -406,3 +406,18 @@ releases:
     - 332-postgresql_privs_def_privs_schemas.yml
     - 351-postgresql_pg_hba-add-connection-types.yml
     release_date: '2022-11-04'
+  2.3.1:
+    changes:
+      bugfixes:
+      - postgresql_privs - fails with ``type=default_privs``, ``privs=ALL``, ``objs=ALL_DEFAULT``
+        (https://github.com/ansible-collections/community.postgresql/issues/373).
+      release_summary: 'This is the bugfix release of the ``community.postgresql``
+        collection.
+
+        This changelog contains all changes to the modules in this collection that
+
+        have been added after release 2.3.0.'
+    fragments:
+    - 0-postgresql_privs.yml
+    - 2.3.1.yml
+    release_date: '2022-11-25'
diff --git a/changelogs/fragments/0-postgresql_privs.yml b/changelogs/fragments/0-postgresql_privs.yml
deleted file mode 100644
index 88e95372..00000000
--- a/changelogs/fragments/0-postgresql_privs.yml
+++ /dev/null
@@ -1,2 +0,0 @@
-bugfixes:
-- postgresql_privs - fails with ``type=default_privs``, ``privs=ALL``, ``objs=ALL_DEFAULT`` (https://github.com/ansible-collections/community.postgresql/issues/373).
diff --git a/galaxy.yml b/galaxy.yml
index 03b09355..8c9f6381 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -1,6 +1,6 @@
 namespace: community
 name: postgresql
-version: 2.3.0
+version: 2.3.1
 readme: README.md
 authors:
   - Ansible PostgreSQL community