diff --git a/README.md b/README.md
index 7f1283a896..ddb5670a9a 100644
--- a/README.md
+++ b/README.md
@@ -17,8 +17,8 @@ This is the "external" or "out-of-tree" cloud provider for Azure. The "in-tree"
 
 The latest release of azure-cloud-controller-manager and azure-cloud-node-manager can be found at
 
-* `mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.30.5`
-* `mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.30.5`
+* `mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.31.0`
+* `mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.31.0`
 
 ### Version matrix
 
@@ -28,10 +28,10 @@ The latest release of azure-cloud-controller-manager and azure-cloud-node-manage
 |--------------------|------------------------|-----------------------|
 | master             | N/A                    | master                |
 | v1.y.x             | v1.y.z                 | release-1.y           |
+| v1.31.x            | v1.31.z                | release-1.31          |
 | v1.30.x            | v1.30.z                | release-1.30          |
 | v1.29.x            | v1.29.z                | release-1.29          |
 | v1.28.x            | v1.28.z                | release-1.28          |
-| v1.27.x            | v1.27.z                | release-1.27          |
 
 ### AKS version matrix
 
diff --git a/helm/cloud-provider-azure/Chart.yaml b/helm/cloud-provider-azure/Chart.yaml
index 1d656a88e7..0a68b48d6a 100644
--- a/helm/cloud-provider-azure/Chart.yaml
+++ b/helm/cloud-provider-azure/Chart.yaml
@@ -13,4 +13,4 @@ maintainers:
 name: cloud-provider-azure
 sources:
 - https://github.com/kubernetes-sigs/cloud-provider-azure
-version: 1.30.4
+version: 1.31.0
diff --git a/helm/cloud-provider-azure/templates/cloud-provider-azure.yaml b/helm/cloud-provider-azure/templates/cloud-provider-azure.yaml
index 401fd1fb64..0ccb10c1cb 100644
--- a/helm/cloud-provider-azure/templates/cloud-provider-azure.yaml
+++ b/helm/cloud-provider-azure/templates/cloud-provider-azure.yaml
@@ -11,13 +11,15 @@
 {{- else if eq .Capabilities.KubeVersion.Minor "26" -}}
   {{- $_ := set . "cloudProviderAzureVersion" "v1.26.22" }}
 {{- else if eq .Capabilities.KubeVersion.Minor "27" -}}
-  {{- $_ := set . "cloudProviderAzureVersion" "v1.27.18" }}
+  {{- $_ := set . "cloudProviderAzureVersion" "v1.27.20" }}
 {{- else if eq .Capabilities.KubeVersion.Minor "28" -}}
-  {{- $_ := set . "cloudProviderAzureVersion" "v1.28.10" }}
+  {{- $_ := set . "cloudProviderAzureVersion" "v1.28.12" }}
 {{- else if eq .Capabilities.KubeVersion.Minor "29" -}}
-  {{- $_ := set . "cloudProviderAzureVersion" "v1.29.8" }}
+  {{- $_ := set . "cloudProviderAzureVersion" "v1.29.10" }}
 {{- else if eq .Capabilities.KubeVersion.Minor "30" -}}
-  {{- $_ := set . "cloudProviderAzureVersion" "v1.30.4" }}
+  {{- $_ := set . "cloudProviderAzureVersion" "v1.30.6" }}
+{{- else if eq .Capabilities.KubeVersion.Minor "30" -}}
+  {{- $_ := set . "cloudProviderAzureVersion" "v1.31.0" }}
 {{- end -}}
 {{- if .Values.cloudControllerManager.enabled }}
 apiVersion: v1
diff --git a/helm/repo/cloud-provider-azure-1.31.0.tgz b/helm/repo/cloud-provider-azure-1.31.0.tgz
new file mode 100644
index 0000000000..ad19e4a637
Binary files /dev/null and b/helm/repo/cloud-provider-azure-1.31.0.tgz differ
diff --git a/helm/repo/index.yaml b/helm/repo/index.yaml
index 19b8279c3a..f8e6ae2239 100644
--- a/helm/repo/index.yaml
+++ b/helm/repo/index.yaml
@@ -1,6 +1,27 @@
 apiVersion: v1
 entries:
   cloud-provider-azure:
+  - apiVersion: v1
+    created: "2024-08-30T08:51:07.272466-06:00"
+    description: A Helm chart for installing kubernetes-sigs/cloud-provider-azure
+      components
+    digest: c10f62015cd332a140fe11ac908685086f0daea9a00bd87c8e930b32082ed192
+    home: https://raw.githubusercontent.com/kubernetes-sigs/cloud-provider-azure/master/helm/cloud-provider-azure/README.md
+    keywords:
+    - cloud-provider-azure
+    - kubernetes-sigs
+    - kubernetes
+    maintainers:
+    - email: jackfrancis@gmail.com
+      name: Jack Francis
+    - email: zhechengli1995@outlook.com
+      name: Zhecheng Li
+    name: cloud-provider-azure
+    sources:
+    - https://github.com/kubernetes-sigs/cloud-provider-azure
+    urls:
+    - cloud-provider-azure-1.31.0.tgz
+    version: 1.31.0
   - apiVersion: v1
     created: "2024-07-09T06:56:48.746224-06:00"
     description: A Helm chart for installing kubernetes-sigs/cloud-provider-azure
@@ -652,4 +673,4 @@ entries:
     urls:
     - cloud-provider-azure-1.23.8.tgz
     version: 1.23.8
-generated: "2024-07-09T06:56:48.745731-06:00"
+generated: "2024-08-30T08:51:07.271966-06:00"