diff --git a/charts/mattermost-team-edition/Chart.yaml b/charts/mattermost-team-edition/Chart.yaml
index e9b12a11..92e711eb 100644
--- a/charts/mattermost-team-edition/Chart.yaml
+++ b/charts/mattermost-team-edition/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 description: Mattermost Team Edition server.
 type: application
 name: mattermost-team-edition
-version: 6.6.66
-appVersion: 10.2.0
+version: 6.6.67
+appVersion: 10.3.1
 keywords:
   - mattermost
   - communication
diff --git a/charts/mattermost-team-edition/values.yaml b/charts/mattermost-team-edition/values.yaml
index f4bedef3..d5083dc6 100644
--- a/charts/mattermost-team-edition/values.yaml
+++ b/charts/mattermost-team-edition/values.yaml
@@ -3,7 +3,7 @@
 # Declare variables to be passed into your templates.
 image:
   repository: mattermost/mattermost-team-edition
-  tag: 10.2.0@sha256:c7a97a031db8d32da5d826a3d98e961b5f965531643e1c8399340bdb349795f7
+  tag: 10.3.1@sha256:5892ec2bdb79d74adafd2ef689ac4ea585370646a8028cc6da249ed2715ae6fa
   imagePullPolicy: IfNotPresent
 
 initContainerImage: