diff --git a/.ci/bwcVersions b/.ci/bwcVersions
index 6488fda153e91..c48868c4844e7 100644
--- a/.ci/bwcVersions
+++ b/.ci/bwcVersions
@@ -75,3 +75,5 @@ BWC_VERSION:
   - "2.9.0"
   - "2.9.1"
   - "2.10.0"
+  - "2.11.0"
+  
\ No newline at end of file
diff --git a/buildSrc/version.properties b/buildSrc/version.properties
index c5db4da86165a..a74be92cd5214 100644
--- a/buildSrc/version.properties
+++ b/buildSrc/version.properties
@@ -1,4 +1,4 @@
-opensearch        = 2.11.0
+opensearch        = 2.12.0
 lucene            = 9.7.0
 
 bundled_jdk_vendor = adoptium
diff --git a/libs/core/src/main/java/org/opensearch/Version.java b/libs/core/src/main/java/org/opensearch/Version.java
index 7b8d9e468c845..d2c6b0334bce1 100644
--- a/libs/core/src/main/java/org/opensearch/Version.java
+++ b/libs/core/src/main/java/org/opensearch/Version.java
@@ -119,7 +119,8 @@ public class Version implements Comparable<Version>, ToXContentFragment {
     public static final Version V_2_9_1 = new Version(2090199, org.apache.lucene.util.Version.LUCENE_9_7_0);
     public static final Version V_2_10_0 = new Version(2100099, org.apache.lucene.util.Version.LUCENE_9_7_0);
     public static final Version V_2_11_0 = new Version(2110099, org.apache.lucene.util.Version.LUCENE_9_7_0);
-    public static final Version CURRENT = V_2_11_0;
+    public static final Version V_2_12_0 = new Version(2120099, org.apache.lucene.util.Version.LUCENE_9_7_0);
+    public static final Version CURRENT = V_2_12_0;
 
     public static Version fromId(int id) {
         final Version known = LegacyESVersion.idToVersion.get(id);