diff --git a/deploy/charts/istio-operator/Chart.yaml b/deploy/charts/istio-operator/Chart.yaml
index ddc58de26..ed664e838 100644
--- a/deploy/charts/istio-operator/Chart.yaml
+++ b/deploy/charts/istio-operator/Chart.yaml
@@ -11,5 +11,5 @@ icon: https://istio.io/latest/img/istio-whitelogo-bluebackground-framed.svg
 # Based on support status of Istio releases: https://istio.io/latest/docs/releases/supported-releases/#support-status-of-istio-releases
 kubeVersion: ">= 1.23.0-0 < 1.27.0-0"
 
-version: 2.1.2
-appVersion: "v2.17.0"
+version: 2.1.3
+appVersion: "v2.17.1"
diff --git a/deploy/charts/istio-operator/README.md b/deploy/charts/istio-operator/README.md
index 766e99495..5fddd910c 100644
--- a/deploy/charts/istio-operator/README.md
+++ b/deploy/charts/istio-operator/README.md
@@ -33,7 +33,7 @@ The following table lists the configurable parameters of the Banzaicloud Istio O
 | Parameter                                      | Description                                                                                                                                                                                         | Default                                                                                  |
 |------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|
 | `image.repository`                             | Operator container image repository                                                                                                                                                                 | `ghcr.io/banzaicloud/istio-operator`                                                     |
-| `image.tag`                                    | Operator container image tag                                                                                                                                                                        | `v2.17.0`                                                                                |
+| `image.tag`                                    | Operator container image tag                                                                                                                                                                        | `v2.17.1`                                                                                |
 | `image.pullPolicy`                             | Operator container image pull policy                                                                                                                                                                | `IfNotPresent`                                                                           |
 | `replicaCount`                                 | Operator deployment replica count                                                                                                                                                                   | `1`                                                                                      |
 | `extraArgs`                                    | Operator deployment arguments                                                                                                                                                                       | `[]`                                                                                     |
diff --git a/deploy/charts/istio-operator/values.yaml b/deploy/charts/istio-operator/values.yaml
index 9098f2b20..004cf33d9 100644
--- a/deploy/charts/istio-operator/values.yaml
+++ b/deploy/charts/istio-operator/values.yaml
@@ -1,6 +1,6 @@
 image:
   repository: ghcr.io/banzaicloud/istio-operator
-  tag: "v2.17.0"
+  tag: "v2.17.1"
   pullPolicy: IfNotPresent
 replicaCount: 1
 extraArgs: []