diff --git a/controllers/provider-openstack/charts/images.yaml b/controllers/provider-openstack/charts/images.yaml
index e639e2080..bc1357905 100644
--- a/controllers/provider-openstack/charts/images.yaml
+++ b/controllers/provider-openstack/charts/images.yaml
@@ -14,7 +14,7 @@ images:
 - name: openstack-cloud-controller-manager
   sourceRepository: github.com/kubernetes/cloud-provider-openstack
   repository: k8scloudprovider/openstack-cloud-controller-manager
-  tag: "v1.16.0"
+  tag: "v1.17.0"
   targetVersion: ">= 1.15"
 - name: openstack-cloud-controller-manager
   sourceRepository: github.com/kubernetes/cloud-provider-openstack