diff --git a/collections/CHANGELOG.md b/collections/CHANGELOG.md
index 20c5dad999..a9c58999ca 100644
--- a/collections/CHANGELOG.md
+++ b/collections/CHANGELOG.md
@@ -31,9 +31,9 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [Unreleased]
 
-### Improvements
+## [v1.3.1](https://github.com/cosmos/cosmos-sdk/releases/tag/collections%2Fv1.3.1)
 
-* [#24524](https://github.com/cosmos/cosmos-sdk/pull/24524) Make use of exported iterator from dbm.
+* Prep for Cosmos SDK v0.54.0
 
 ## [v1.2.1](https://github.com/cosmos/cosmos-sdk/releases/tag/collections%2Fv1.2.1)
 
diff --git a/collections/go.mod b/collections/go.mod
index ca60f92bb8..55b69955c0 100644
--- a/collections/go.mod
+++ b/collections/go.mod
@@ -52,3 +52,6 @@ require (
 retract v1.0.0
 
 retract v1.1.0
+
+// early tag for v0.54.0
+retract v1.3.0