Probably not... need to contact Acer with your model number, but looks like this is a Celeron or Pentium based laptop and digging a little deeper that's all the chipset supports.
Acer Aspire E1-531 the supported processors are: Acer Support: Specifications
CPU and chipset1 Intel® Pentium® processor B950/B960/B970 (2 MB L3 cache, 2.10/2.20/2.30 GHz, DDR3 1333 MHz, 35 W), supporting Intel® 64 architecture, Intel® Smart Cache
Intel® Celeron® processor B820/B815 (2 MB L3 cache, 1.70/1.6 GHz, DDR3 1333 MHz, 35 W), supporting Intel® 64 architecture, Intel® Smart Cache
Mobile Intel® HM70 Express Chipset
1.Specifications vary depending on model.