diff --git a/dev-python/greenlet/Manifest b/dev-python/greenlet/Manifest
index 5cd84aac0f1e8..3c3a5bd50f175 100644
--- a/dev-python/greenlet/Manifest
+++ b/dev-python/greenlet/Manifest
@@ -1 +1,2 @@
 DIST greenlet-3.0.3.tar.gz 182013 BLAKE2B 34ba9f13dd01f5bacedb69952b4d3d08e55eba82d94c5d95cf8bfeb0f1ce94dbde9d62f5e56c33cbf2467d82f6ffd8d05a37048d0292102b1dbb68c67e9398f4 SHA512 20d8818376a200332cbc2c85968317ddf828d2adf3fcc3c53623cd1504ec9a4e4e987e841bd2fe65e934e2b8a5e73a7205847526f0bd196e7afcdf3ae40e9d9b
+DIST greenlet-3.1.0.tar.gz 183954 BLAKE2B 30bc17bd449cbffba5a4a3b988de86c14335a6fc2311626f6f295f2c1434070ce3b9118341e328bc9a70904a3f6da6b527c28b0494371f58b50251db593f3ba4 SHA512 2c0d97848757e6346933426e3f6feb18120b3a63695a746acddbb467e01503174c46aea9b62e7507e8700f3450581ff2460f45700331368333977abebeb805eb
diff --git a/dev-python/greenlet/greenlet-3.1.0.ebuild b/dev-python/greenlet/greenlet-3.1.0.ebuild
new file mode 100644
index 0000000000000..1c39226c825e6
--- /dev/null
+++ b/dev-python/greenlet/greenlet-3.1.0.ebuild
@@ -0,0 +1,48 @@
+# Copyright 1999-2024 Gentoo Authors
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI=8
+
+DISTUTILS_EXT=1
+DISTUTILS_USE_PEP517=setuptools
+# Note: greenlet is built-in in pypy
+PYTHON_COMPAT=( python3_{10..13} )
+
+inherit distutils-r1 pypi
+
+DESCRIPTION="Lightweight in-process concurrent programming"
+HOMEPAGE="
+	https://greenlet.readthedocs.io/en/latest/
+	https://github.com/python-greenlet/greenlet/
+	https://pypi.org/project/greenlet/
+"
+
+LICENSE="MIT"
+SLOT="0"
+KEYWORDS="~alpha ~amd64 ~arm ~arm64 -hppa -ia64 ~m68k ~ppc64 ~riscv ~s390 ~sparc ~x86 ~amd64-linux ~x86-linux ~x64-macos"
+
+BDEPEND="
+	test? (
+		dev-python/objgraph[${PYTHON_USEDEP}]
+		dev-python/psutil[${PYTHON_USEDEP}]
+	)
+"
+
+distutils_enable_sphinx docs \
+	dev-python/furo
+distutils_enable_tests unittest
+
+src_prepare() {
+	distutils-r1_src_prepare
+
+	# patch cflag manipulations out
+	sed -i -e 's:global_compile_args[.]append.*:pass:' setup.py || die
+	# broken assertions on py3.12+
+	# https://github.com/python-greenlet/greenlet/issues/368
+	sed -e 's:test_trace_events_multiple_greenlets_switching:_&: ' \
+		-i src/greenlet/tests/test_tracing.py || die
+}
+
+python_test() {
+	eunittest greenlet.tests
+}