diff --git a/README.md b/README.md
index 40a3efa7..fccd3010 100644
--- a/README.md
+++ b/README.md
@@ -517,22 +517,22 @@ module "es_kubernetes_secret" {
 | 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` | `"0.12.1"` | 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` | `"0.14.2"` | 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 |
-| <a name="input_eso_image_version"></a> [eso\_image\_version](#input\_eso\_image\_version) | The version or digest for the external secrets image to deploy. If changing the value, ensure it is compatible with the chart version set in eso\_chart\_version. | `string` | `"v0.12.1-ubi@sha256:d38834043de0a4e4feeac8a08d0bc96b71ddd7fe1d4c8583ee3751badeaeb01d"` | no |
+| <a name="input_eso_image_version"></a> [eso\_image\_version](#input\_eso\_image\_version) | The version or digest for the external secrets image to deploy. If changing the value, ensure it is compatible with the chart version set in eso\_chart\_version. | `string` | `"v0.14.2-ubi@sha256:35b34d02a2e680b8b7d654a053d2408038b3a04f5860f6f1e4bb7c317f6ed680"` | no |
 | <a name="input_eso_namespace"></a> [eso\_namespace](#input\_eso\_namespace) | Namespace to create and be used to install ESO components including helm releases. If eso\_store\_scope == cluster, this will also be used to deploy ClusterSecretStore/cluster\_store in it | `string` | `null` | no |
 | <a name="input_eso_pod_configuration"></a> [eso\_pod\_configuration](#input\_eso\_pod\_configuration) | Configuration to use to customise ESO deployment on specific pods. Setting appropriate values will result in customising ESO helm release. Default value is {} to keep ESO standard deployment. Ignore the key if not required. | <pre>object({<br/>    annotations = optional(object({<br/>      # The annotations for external secret controller pods.<br/>      external_secrets = optional(map(string), {})<br/>      # The annotations for external secret cert controller pods.<br/>      external_secrets_cert_controller = optional(map(string), {})<br/>      # The annotations for external secret controller pods.<br/>      external_secrets_webhook = optional(map(string), {})<br/>    }), {})<br/><br/>    labels = optional(object({<br/>      # The labels for external secret controller pods.<br/>      external_secrets = optional(map(string), {})<br/>      # The labels for external secret cert controller pods.<br/>      external_secrets_cert_controller = optional(map(string), {})<br/>      # The labels for external secret controller pods.<br/>      external_secrets_webhook = optional(map(string), {})<br/>    }), {})<br/>  })</pre> | `{}` | no |
 | <a name="input_existing_eso_namespace"></a> [existing\_eso\_namespace](#input\_existing\_eso\_namespace) | Existing Namespace to be used to install ESO components including helm releases. If eso\_store\_scope == cluster, this will also be used to deploy ClusterSecretStore/cluster\_store in it | `string` | `null` | no |
 | <a name="input_reloader_chart_location"></a> [reloader\_chart\_location](#input\_reloader\_chart\_location) | The location of the Reloader Helm chart. | `string` | `"https://stakater.github.io/stakater-charts"` | no |
-| <a name="input_reloader_chart_version"></a> [reloader\_chart\_version](#input\_reloader\_chart\_version) | The version of the Reloader Helm chart. Ensure that the chart version is compatible with the image version specified in reloader\_image\_version. | `string` | `"1.2.1"` | no |
+| <a name="input_reloader_chart_version"></a> [reloader\_chart\_version](#input\_reloader\_chart\_version) | The version of the Reloader Helm chart. Ensure that the chart version is compatible with the image version specified in reloader\_image\_version. | `string` | `"1.3.0"` | no |
 | <a name="input_reloader_custom_values"></a> [reloader\_custom\_values](#input\_reloader\_custom\_values) | String containing custom values to be used for reloader helm chart. See https://github.com/stakater/Reloader/blob/master/deployments/kubernetes/chart/reloader/values.yaml | `string` | `null` | no |
 | <a name="input_reloader_deployed"></a> [reloader\_deployed](#input\_reloader\_deployed) | Whether to deploy reloader or not https://github.com/stakater/Reloader | `bool` | `true` | no |
 | <a name="input_reloader_ignore_configmaps"></a> [reloader\_ignore\_configmaps](#input\_reloader\_ignore\_configmaps) | Whether to ignore configmap changes or not | `bool` | `false` | no |
 | <a name="input_reloader_ignore_secrets"></a> [reloader\_ignore\_secrets](#input\_reloader\_ignore\_secrets) | Whether to ignore secret changes or not | `bool` | `false` | no |
 | <a name="input_reloader_image"></a> [reloader\_image](#input\_reloader\_image) | The reloader image in the format of `[registry-url]/[namespace]/[image]`. | `string` | `"ghcr.io/stakater/reloader"` | no |
-| <a name="input_reloader_image_version"></a> [reloader\_image\_version](#input\_reloader\_image\_version) | The version or digest for the reloader image to deploy. If changing the value, ensure it is compatible with the chart version set in reloader\_chart\_version. | `string` | `"v1.2.1-ubi@sha256:80a557100c6835c7e3c9842194250c9c4ca78f43200bc3a93a32e5b105ad11bb"` | no |
+| <a name="input_reloader_image_version"></a> [reloader\_image\_version](#input\_reloader\_image\_version) | The version or digest for the reloader image to deploy. If changing the value, ensure it is compatible with the chart version set in reloader\_chart\_version. | `string` | `"v1.3.0-ubi@sha256:21bb83e9cf5641620b6a48de1a7e1a0676f438f3b32004c19ea03b55a98bc756"` | no |
 | <a name="input_reloader_is_argo_rollouts"></a> [reloader\_is\_argo\_rollouts](#input\_reloader\_is\_argo\_rollouts) | Enable Argo Rollouts | `bool` | `false` | no |
 | <a name="input_reloader_is_openshift"></a> [reloader\_is\_openshift](#input\_reloader\_is\_openshift) | Enable OpenShift DeploymentConfigs | `bool` | `true` | no |
 | <a name="input_reloader_log_format"></a> [reloader\_log\_format](#input\_reloader\_log\_format) | The log format to use for reloader. Possible values are `json` or `text`. Default value is `json` | `string` | `"text"` | no |
diff --git a/variables.tf b/variables.tf
index 40b13534..6c15e452 100644
--- a/variables.tf
+++ b/variables.tf
@@ -77,7 +77,7 @@ variable "eso_image" {
 variable "eso_image_version" {
   type        = string
   description = "The version or digest for the external secrets image to deploy. If changing the value, ensure it is compatible with the chart version set in eso_chart_version."
-  default     = "v0.12.1-ubi@sha256:d38834043de0a4e4feeac8a08d0bc96b71ddd7fe1d4c8583ee3751badeaeb01d" # datasource: ghcr.io/external-secrets/external-secrets
+  default     = "v0.14.2-ubi@sha256:35b34d02a2e680b8b7d654a053d2408038b3a04f5860f6f1e4bb7c317f6ed680" # datasource: ghcr.io/external-secrets/external-secrets
   nullable    = false
   validation {
     condition     = can(regex("(^v\\d+\\.\\d+.\\d+(\\-\\w+)?(\\@sha256\\:\\w+){0,1})$", var.eso_image_version))
@@ -96,7 +96,7 @@ variable "eso_chart_version" {
   type        = string
   description = "The version of the External Secrets Operator Helm chart. Ensure that the chart version is compatible with the image version specified in eso_image_version."
   # renovate: datasource=github-tags depName=external-secrets/external-secrets versioning="regex:^helm-chart-(?<major>\\d+)\\.(?<minor>\\d+)\\.(?<patch>\\d+)$"
-  default  = "0.12.1"
+  default  = "0.14.2"
   nullable = false
 }
 
@@ -204,7 +204,7 @@ variable "reloader_image" {
 variable "reloader_image_version" {
   type        = string
   description = "The version or digest for the reloader image to deploy. If changing the value, ensure it is compatible with the chart version set in reloader_chart_version."
-  default     = "v1.2.1-ubi@sha256:80a557100c6835c7e3c9842194250c9c4ca78f43200bc3a93a32e5b105ad11bb" # datasource: ghcr.io/stakater/reloader
+  default     = "v1.3.0-ubi@sha256:21bb83e9cf5641620b6a48de1a7e1a0676f438f3b32004c19ea03b55a98bc756" # datasource: ghcr.io/stakater/reloader
   nullable    = false
   validation {
     condition     = can(regex("(^v\\d+\\.\\d+.\\d+(\\-\\w+)?(\\@sha256\\:\\w+){0,1})$", var.reloader_image_version))
@@ -223,6 +223,6 @@ variable "reloader_chart_version" {
   type        = string
   description = "The version of the Reloader Helm chart. Ensure that the chart version is compatible with the image version specified in reloader_image_version."
   # renovate: datasource=github-releases depName=stakater/Reloader
-  default  = "1.2.1"
+  default  = "1.3.0"
   nullable = false
 }