diff --git a/poetry.lock b/poetry.lock
index f3bbfc3b..18cd652e 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -771,7 +771,7 @@ python-versions = "*"
 
 [[package]]
 name = "ipython"
-version = "7.25.0"
+version = "7.31.1"
 description = "IPython: Productive Interactive Computing"
 category = "dev"
 optional = false
@@ -1633,7 +1633,7 @@ python-versions = "*"
 [metadata]
 lock-version = "1.1"
 python-versions = "^3.9"
-content-hash = "0867a3e9898ea58ea43d670ef4f47bcb859b729b6a5d6f44088fa0114a4d9fb0"
+content-hash = "7c2dee0730e96773e6ee06320271ef3f3e2972aa200108164d535540ad36bc00"
 
 [metadata.files]
 aioredis = [
@@ -2048,8 +2048,8 @@ iniconfig = [
     {file = "iniconfig-1.1.1.tar.gz", hash = "sha256:bc3af051d7d14b2ee5ef9969666def0cd1a000e121eaea580d4a313df4b37f32"},
 ]
 ipython = [
-    {file = "ipython-7.25.0-py3-none-any.whl", hash = "sha256:aa21412f2b04ad1a652e30564fff6b4de04726ce875eab222c8430edc6db383a"},
-    {file = "ipython-7.25.0.tar.gz", hash = "sha256:54bbd1fe3882457aaf28ae060a5ccdef97f212a741754e420028d4ec5c2291dc"},
+    {file = "ipython-7.31.1-py3-none-any.whl", hash = "sha256:55df3e0bd0f94e715abd968bedd89d4e8a7bce4bf498fb123fed4f5398fea874"},
+    {file = "ipython-7.31.1.tar.gz", hash = "sha256:b5548ec5329a4bcf054a5deed5099b0f9622eb9ea51aaa7104d215fece201d8c"},
 ]
 ipython-genutils = [
     {file = "ipython_genutils-0.2.0-py2.py3-none-any.whl", hash = "sha256:72dd37233799e619666c9f639a9da83c34013a73e8bbc79a7a6348d93c61fab8"},
diff --git a/pyproject.toml b/pyproject.toml
index 62e20215..f54f5284 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -33,7 +33,7 @@ requests = "^2.26.0"
 django-anymail = {extras = ["amazon_ses", "mailgun", "sendgrid", "console", "mailjet", "mandrill", "postal", "postmark", "sendinblue", "sparkpost"], version = "^8.4"}
 
 [tool.poetry.dev-dependencies]
-ipython = "^7.19.0"
+ipython = "^7.31.1"
 coverage = "^5.3.1"
 django-stubs = "^1.7.0"
 black = "^20.8b1"