Painting inside Swing Timer not working

Okay, so I never worked with Timers before so my problem is probably stupid one really. So my program draws a circle which is red and after random seconds the circle should change its color to green. so I just made a swing timer as you can see below in the code. And it enters actionPerformed() method but it doesn't change color. Could you help me somehow fix my problem with changing colors? Thanks! My code:

package igrica;
import java.awt.BorderLayout;
import java.awt.Color;
import java.awt.Graphics;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;
import java.util.Random;

import javax.swing.JButton;
import javax.swing.JFrame;
import javax.swing.JPanel;
import javax.swing.Timer;


public class ChangingCircle implements ActionListener{

JFrame frame;

Timer timer;
Random r;

public static void main(String[] args) {
    ChangingCircle gui = new ChangingCircle();
    gui.go();
}

public void go() {
    frame = new JFrame();
    frame.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);

    MyPanel panel = new MyPanel();

    frame.getContentPane().add(BorderLayout.CENTER, panel);
    frame.setSize(300, 300);
    frame.setVisible(true);
}   

public void actionPerformed(ActionEvent event) {
    frame.repaint();
}

class MyPanel extends JPanel {
    public void paintComponent(Graphics g) {


        g.setColor(Color.red);
        g.fillOval(100, 100, 100, 100);

        Random r = new Random();

        Timer timer = new Timer(r.nextInt(5000) + 1000, new ActionListener() {
            public void actionPerformed(ActionEvent ev) {
                System.out.println("Timer out");
                g.setColor(Color.green);
                g.fillOval(100, 100, 100, 100);
            } 
        });
        timer.start();
    }
}
}