diff --git a/Makefile b/Makefile
index 6d915b60..5a258fbe 100644
--- a/Makefile
+++ b/Makefile
@@ -88,6 +88,11 @@ BUNDLE_IMG ?= $(IMAGE_TAG_BASE)-bundle:$(IMAGE_TAG)
 # Image URL to use all building/pushing image targets
 DEFAULT_IMG ?= $(IMAGE_TAG_BASE):$(IMAGE_TAG)
 IMG ?= $(DEFAULT_IMG)
+
+# Limitador Operator replaced version
+DEFAULT_REPLACES_VERSION = 0.0.0-alpha
+REPLACES_VERSION ?= $(DEFAULT_REPLACES_VERSION)
+
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
 ENVTEST_K8S_VERSION = 1.22
 
@@ -289,6 +294,7 @@ bundle: $(OPM) $(YQ) manifests kustomize operator-sdk ## Generate bundle manifes
 	V="limitador-operator.v$(BUNDLE_VERSION)" $(YQ) eval '.metadata.name = strenv(V)' -i config/manifests/bases/limitador-operator.clusterserviceversion.yaml
 	V="$(BUNDLE_VERSION)" $(YQ) eval '.spec.version = strenv(V)' -i config/manifests/bases/limitador-operator.clusterserviceversion.yaml
 	V="$(IMG)" $(YQ) eval '.metadata.annotations.containerImage = strenv(V)' -i config/manifests/bases/limitador-operator.clusterserviceversion.yaml
+	V="limitador-operator.v$(REPLACES_VERSION)" $(YQ) eval '.spec.replaces = strenv(V)' -i config/manifests/bases/limitador-operator.clusterserviceversion.yaml
 	# Generate bundle
 	$(KUSTOMIZE) build config/manifests | $(OPERATOR_SDK) generate bundle -q --overwrite --version $(BUNDLE_VERSION) $(BUNDLE_METADATA_OPTS)
 	# Validate bundle manifests
diff --git a/bundle/manifests/limitador-operator.clusterserviceversion.yaml b/bundle/manifests/limitador-operator.clusterserviceversion.yaml
index 4a347d34..9c7113a7 100644
--- a/bundle/manifests/limitador-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/limitador-operator.clusterserviceversion.yaml
@@ -36,7 +36,7 @@ metadata:
     capabilities: Basic Install
     categories: Integration & Delivery
     containerImage: quay.io/kuadrant/limitador-operator:latest
-    createdAt: "2023-09-01T15:47:50Z"
+    createdAt: "2023-09-27T14:09:01Z"
     operators.operatorframework.io/builder: operator-sdk-v1.28.1
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/Kuadrant/limitador-operator
@@ -241,4 +241,5 @@ spec:
   relatedImages:
   - image: quay.io/kuadrant/limitador:latest
     name: limitador
+  replaces: limitador-operator.v0.0.0-alpha
   version: 0.0.0
diff --git a/config/manifests/bases/limitador-operator.clusterserviceversion.yaml b/config/manifests/bases/limitador-operator.clusterserviceversion.yaml
index 421477bd..1ba3ba90 100644
--- a/config/manifests/bases/limitador-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/limitador-operator.clusterserviceversion.yaml
@@ -53,4 +53,5 @@ spec:
   provider:
     name: Red Hat
     url: https://github.com/Kuadrant/limitador-operator
+  replaces: limitador-operator.v0.0.0-alpha
   version: 0.0.0