diff --git a/Makefile b/Makefile
index cb38885..3990325 100644
--- a/Makefile
+++ b/Makefile
@@ -62,11 +62,15 @@ help: ## Display this help.
 
 ##@ Development
 
+IMAGES_REST_VERSION=$(lastword $(subst :, ,${IMAGES_REST_SERVICE}))
 .PHONY: sync-images
 sync-images:
 	# sync model-registry image
 	sed "s|quay.io/opendatahub/model-registry:.*|${IMAGES_REST_SERVICE}|" -i ./config/manager/manager.yaml
 	sed "s|\"quay.io/opendatahub/model-registry:.*\"|\"${IMAGES_REST_SERVICE}\"|" -i ./internal/controller/config/defaults.go
+	# sync component_metadata.yaml model registry versions on line 6 and 9
+	sed -i "6s|: .*|: $(IMAGES_REST_VERSION)|" -i ./config/component_metadata.yaml
+	sed -i "9s|: .*|: $(IMAGES_REST_VERSION)|" -i ./config/component_metadata.yaml
 	# sync mlmd image
 	sed "s|quay.io/opendatahub/mlmd-grpc-server:.*|${IMAGES_GRPC_SERVICE}|" -i ./config/manager/manager.yaml
 	sed "s|\"quay.io/opendatahub/mlmd-grpc-server:.*\"|\"${IMAGES_GRPC_SERVICE}\"|" -i ./internal/controller/config/defaults.go
diff --git a/config/component_metadata.yaml b/config/component_metadata.yaml
index 68b2dd7..99c3e2e 100644
--- a/config/component_metadata.yaml
+++ b/config/component_metadata.yaml
@@ -3,8 +3,8 @@ releases:
     version: v1.14.0
     repoUrl: https://github.com/google/ml-metadata
   - name: Kubeflow Model Registry
-    version: v0.2.13
+    version: latest
     repoUrl: https://github.com/kubeflow/model-registry
   - name: Open Data Hub Model Registry Operator
-    version: v0.2.13
+    version: latest
     repoUrl: https://github.com/opendatahub-io/model-registry-operator