diff --git a/CHANGELOG.md b/CHANGELOG.md
index 355fe9f34b8..153a1f89efe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,2 +1,3 @@
-- Add support for nodejs24 (beta) runtime for Firebase Functions. (#9475)
-- Adds listServices and also defines trigger within runv2.ts [#9482]
+- Add support for nodejs24 (beta) runtime for Cloud Functions for Firebase. (#9475)
+- Adds listServices and also defines trigger within runv2.ts (#9482)
+- Updates the `firebase init functions` template to use [`firebase-functions` 7.0.0](https://firebase.google.com/support/releases#cloudfunctions-700-launch) (#9496)
diff --git a/templates/init/functions/javascript/package.lint.json b/templates/init/functions/javascript/package.lint.json
index 1b951d0759f..51f1a3b078a 100644
--- a/templates/init/functions/javascript/package.lint.json
+++ b/templates/init/functions/javascript/package.lint.json
@@ -14,13 +14,13 @@
   },
   "main": "index.js",
   "dependencies": {
-    "firebase-admin": "^12.6.0",
-    "firebase-functions": "^6.0.1"
+    "firebase-admin": "^13.6.0",
+    "firebase-functions": "^7.0.0"
   },
   "devDependencies": {
     "eslint": "^8.15.0",
     "eslint-config-google": "^0.14.0",
-    "firebase-functions-test": "^3.1.0"
+    "firebase-functions-test": "^3.4.1"
   },
   "private": true
 }
diff --git a/templates/init/functions/javascript/package.nolint.json b/templates/init/functions/javascript/package.nolint.json
index 4aea0a9f1b6..1e10ef4c572 100644
--- a/templates/init/functions/javascript/package.nolint.json
+++ b/templates/init/functions/javascript/package.nolint.json
@@ -13,11 +13,11 @@
   },
   "main": "index.js",
   "dependencies": {
-    "firebase-admin": "^12.6.0",
-    "firebase-functions": "^6.0.1"
+    "firebase-admin": "^13.6.0",
+    "firebase-functions": "^7.0.0"
   },
   "devDependencies": {
-    "firebase-functions-test": "^3.1.0"
+    "firebase-functions-test": "^3.4.1"
   },
   "private": true
 }
diff --git a/templates/init/functions/typescript/package.lint.json b/templates/init/functions/typescript/package.lint.json
index c2d4f5493e6..11925bbb186 100644
--- a/templates/init/functions/typescript/package.lint.json
+++ b/templates/init/functions/typescript/package.lint.json
@@ -15,8 +15,8 @@
   },
   "main": "lib/index.js",
   "dependencies": {
-    "firebase-admin": "^12.6.0",
-    "firebase-functions": "^6.0.1"
+    "firebase-admin": "^13.6.0",
+    "firebase-functions": "^7.0.0"
   },
   "devDependencies": {
     "@typescript-eslint/eslint-plugin": "^5.12.0",
@@ -24,7 +24,7 @@
     "eslint": "^8.9.0",
     "eslint-config-google": "^0.14.0",
     "eslint-plugin-import": "^2.25.4",
-    "firebase-functions-test": "^3.1.0",
+    "firebase-functions-test": "^3.4.1",
     "typescript": "^5.7.3"
   },
   "private": true
diff --git a/templates/init/functions/typescript/package.nolint.json b/templates/init/functions/typescript/package.nolint.json
index 066161c31cd..cda096ce950 100644
--- a/templates/init/functions/typescript/package.nolint.json
+++ b/templates/init/functions/typescript/package.nolint.json
@@ -14,12 +14,12 @@
   },
   "main": "lib/index.js",
   "dependencies": {
-    "firebase-admin": "^12.6.0",
-    "firebase-functions": "^6.0.1"
+    "firebase-admin": "^13.6.0",
+    "firebase-functions": "^7.0.0"
   },
   "devDependencies": {
     "typescript": "^5.7.3",
-    "firebase-functions-test": "^3.1.0"
+    "firebase-functions-test": "^3.4.1"
   },
   "private": true
 }