diff --git a/deploy/olm-catalog/jaeger-operator/jaeger-operator.package.yaml b/deploy/olm-catalog/jaeger-operator/jaeger-operator.package.yaml
index 856f85e29..8c5ef3d19 100644
--- a/deploy/olm-catalog/jaeger-operator/jaeger-operator.package.yaml
+++ b/deploy/olm-catalog/jaeger-operator/jaeger-operator.package.yaml
@@ -1,5 +1,5 @@
 channels:
-- currentCSV: jaeger-operator.v1.21.2
+- currentCSV: jaeger-operator.v1.21.3
   name: stable
 defaultChannel: stable
 packageName: jaeger
diff --git a/deploy/olm-catalog/jaeger-operator/manifests/jaeger-operator.clusterserviceversion.yaml b/deploy/olm-catalog/jaeger-operator/manifests/jaeger-operator.clusterserviceversion.yaml
index 5e47f7902..29e35b8fe 100644
--- a/deploy/olm-catalog/jaeger-operator/manifests/jaeger-operator.clusterserviceversion.yaml
+++ b/deploy/olm-catalog/jaeger-operator/manifests/jaeger-operator.clusterserviceversion.yaml
@@ -21,7 +21,7 @@ metadata:
       distributed systems
     repository: https://github.com/jaegertracing/jaeger-operator
     support: Jaeger Community
-  name: jaeger-operator.v1.21.2
+  name: jaeger-operator.v1.21.3
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -300,7 +300,7 @@ spec:
                       fieldPath: metadata.namespace
                 - name: OPERATOR_NAME
                   value: jaeger-operator
-                image: jaegertracing/jaeger-operator:1.21.2
+                image: jaegertracing/jaeger-operator:1.21.3
                 imagePullPolicy: Always
                 name: jaeger-operator
                 ports:
@@ -501,8 +501,8 @@ spec:
   maturity: alpha
   provider:
     name: CNCF
-  replaces: jaeger-operator.v1.21.1
+  replaces: jaeger-operator.v1.21.3
   selector:
     matchLabels:
       name: jaeger-operator
-  version: 1.21.2
+  version: 1.21.3
diff --git a/deploy/operator.yaml b/deploy/operator.yaml
index e5ccbeacf..dcd00558a 100644
--- a/deploy/operator.yaml
+++ b/deploy/operator.yaml
@@ -15,7 +15,7 @@ spec:
       serviceAccountName: jaeger-operator
       containers:
       - name: jaeger-operator
-        image: jaegertracing/jaeger-operator:1.21.2
+        image: jaegertracing/jaeger-operator:1.21.3
         ports:
         - containerPort: 8383
           name: http-metrics
diff --git a/test/operator.yaml b/test/operator.yaml
index 050668a52..6c5e590da 100644
--- a/test/operator.yaml
+++ b/test/operator.yaml
@@ -15,7 +15,7 @@ spec:
       serviceAccountName: jaeger-operator
       containers:
         - name: jaeger-operator
-          image: jaegertracing/jaeger-operator:1.21.2
+          image: jaegertracing/jaeger-operator:1.21.3
           ports:
           - containerPort: 60000
             name: metrics