diff --git a/bitnami/python/3.8/ol-7/Dockerfile b/bitnami/python/3.8/ol-7/Dockerfile
index a9b89b406254..e47f57eb11f8 100644
--- a/bitnami/python/3.8/ol-7/Dockerfile
+++ b/bitnami/python/3.8/ol-7/Dockerfile
@@ -1,4 +1,4 @@
-FROM bitnami/oraclelinux-runtimes:7-r499
+FROM bitnami/oraclelinux-runtimes:7-r500
 LABEL maintainer "Bitnami <containers@bitnami.com>"
 
 # Install required system packages and dependencies
@@ -9,7 +9,7 @@ RUN wget -nc -P /tmp/bitnami/pkg/cache/ https://downloads.bitnami.com/files/stac
     rm -rf /tmp/bitnami/pkg/cache/python-3.8.0-0-linux-x86_64-ol-7.tar.gz
 
 ENV BITNAMI_APP_NAME="python" \
-    BITNAMI_IMAGE_VERSION="3.8.0-ol-7-r30" \
+    BITNAMI_IMAGE_VERSION="3.8.0-ol-7-r31" \
     PATH="/opt/bitnami/python/bin:$PATH"
 
 EXPOSE 8000
diff --git a/bitnami/python/README.md b/bitnami/python/README.md
index 5ec7c35f0e7d..3a9094752bad 100644
--- a/bitnami/python/README.md
+++ b/bitnami/python/README.md
@@ -48,8 +48,8 @@ $ kubectl apply -f test.yaml
 Learn more about the Bitnami tagging policy and the difference between rolling tags and immutable tags [in our documentation page](https://docs.bitnami.com/containers/how-to/understand-rolling-tags-containers/).
 
 
+* [`3.8-ol-7`, `3.8.0-ol-7-r31` (3.8/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r31/3.8/ol-7/Dockerfile)
 * [`3.8-ol-7-prod`, `3.8.0-ol-7-r30-prod` (3.8-prod/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r30-prod/3.8-prod/ol-7/Dockerfile)
-* [`3.8-ol-7`, `3.8.0-ol-7-r30` (3.8/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r30/3.8/ol-7/Dockerfile)
 * [`3.8-debian-9-prod`, `3.8.0-debian-9-r23-prod`, `3.8-prod`, `3.8.0-prod`, `3.8.0-r23-prod` (3.8-prod/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-debian-9-r23-prod/3.8-prod/debian-9/Dockerfile)
 * [`3.8-debian-9`, `3.8.0-debian-9-r22`, `3.8`, `3.8.0`, `3.8.0-r22` (3.8/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-debian-9-r22/3.8/debian-9/Dockerfile)
 * [`3.7-ol-7`, `3.7.5-ol-7-r33` (3.7/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.5-ol-7-r33/3.7/ol-7/Dockerfile)