diff --git a/README.md b/README.md
index eedc557b..8527269f 100644
--- a/README.md
+++ b/README.md
@@ -504,7 +504,7 @@ module "external_secrets_operator" {
 | Name | Description | Type | Default | Required |
 |------|-------------|------|---------|:--------:|
 | <a name="input_eso_chart_location"></a> [eso\_chart\_location](#input\_eso\_chart\_location) | The location of the External Secrets Operator Helm chart. | `string` | `"https://charts.external-secrets.io"` | no |
-| <a name="input_eso_chart_version"></a> [eso\_chart\_version](#input\_eso\_chart\_version) | The version of the External Secrets Operator Helm chart. Ensure that the chart version is compatible with the image version specified in eso\_image\_version. | `string` | `"0.16.2"` | no |
+| <a name="input_eso_chart_version"></a> [eso\_chart\_version](#input\_eso\_chart\_version) | The version of the External Secrets Operator Helm chart. Ensure that the chart version is compatible with the image version specified in eso\_image\_version. | `string` | `"0.17.0"` | no |
 | <a name="input_eso_cluster_nodes_configuration"></a> [eso\_cluster\_nodes\_configuration](#input\_eso\_cluster\_nodes\_configuration) | Configuration to use to customise ESO deployment on specific cluster nodes. Setting appropriate values will result in customising ESO helm release. Default value is null to keep ESO standard deployment. | <pre>object({<br/>    nodeSelector = object({<br/>      label = string<br/>      value = string<br/>    })<br/>    tolerations = object({<br/>      key      = string<br/>      operator = string<br/>      value    = string<br/>      effect   = string<br/>    })<br/>  })</pre> | `null` | no |
 | <a name="input_eso_enroll_in_servicemesh"></a> [eso\_enroll\_in\_servicemesh](#input\_eso\_enroll\_in\_servicemesh) | Flag to enroll ESO into istio servicemesh | `bool` | `false` | no |
 | <a name="input_eso_image"></a> [eso\_image](#input\_eso\_image) | The External Secrets Operator image in the format of `[registry-url]/[namespace]/[image]`. | `string` | `"ghcr.io/external-secrets/external-secrets"` | no |
diff --git a/variables.tf b/variables.tf
index 222441aa..7ce512bc 100644
--- a/variables.tf
+++ b/variables.tf
@@ -95,7 +95,7 @@ variable "eso_chart_location" {
 variable "eso_chart_version" {
   type        = string
   description = "The version of the External Secrets Operator Helm chart. Ensure that the chart version is compatible with the image version specified in eso_image_version."
-  default     = "0.16.2" # registryUrl: charts.external-secrets.io
+  default     = "0.17.0" # registryUrl: charts.external-secrets.io
   nullable    = false
 }