diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3c559b806cc..48ef8b308b2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## Unreleased
+## v0.7.0
 
 ### Added
 
diff --git a/internal/pkg/scaffold/ansible/gopkgtoml.go b/internal/pkg/scaffold/ansible/gopkgtoml.go
index 7f56593d98a..eb910d2b00a 100644
--- a/internal/pkg/scaffold/ansible/gopkgtoml.go
+++ b/internal/pkg/scaffold/ansible/gopkgtoml.go
@@ -35,8 +35,8 @@ func (s *GopkgToml) GetInput() (input.Input, error) {
 const gopkgTomlTmpl = `[[constraint]]
   name = "github.com/operator-framework/operator-sdk"
   # The version rule is used for a specific release and the master branch for in between releases.
-  branch = "master" #osdk_branch_annotation
-  # version = "=v0.6.0" #osdk_version_annotation
+  # branch = "master" #osdk_branch_annotation
+  version = "=v0.7.0" #osdk_version_annotation
 
 [[override]]
   name = "k8s.io/api"
diff --git a/internal/pkg/scaffold/gopkgtoml.go b/internal/pkg/scaffold/gopkgtoml.go
index c668cbc93fa..996c2a4fa37 100644
--- a/internal/pkg/scaffold/gopkgtoml.go
+++ b/internal/pkg/scaffold/gopkgtoml.go
@@ -102,8 +102,8 @@ required = [
 [[constraint]]
   name = "github.com/operator-framework/operator-sdk"
   # The version rule is used for a specific release and the master branch for in between releases.
-  branch = "master" #osdk_branch_annotation
-  # version = "=v0.6.0" #osdk_version_annotation
+  # branch = "master" #osdk_branch_annotation
+  version = "=v0.7.0" #osdk_version_annotation
 
 [prune]
   go-tests = true
diff --git a/internal/pkg/scaffold/gopkgtoml_test.go b/internal/pkg/scaffold/gopkgtoml_test.go
index 84bbd811b0d..ca8d1315e1e 100644
--- a/internal/pkg/scaffold/gopkgtoml_test.go
+++ b/internal/pkg/scaffold/gopkgtoml_test.go
@@ -94,8 +94,8 @@ required = [
 [[constraint]]
   name = "github.com/operator-framework/operator-sdk"
   # The version rule is used for a specific release and the master branch for in between releases.
-  branch = "master" #osdk_branch_annotation
-  # version = "=v0.6.0" #osdk_version_annotation
+  # branch = "master" #osdk_branch_annotation
+  version = "=v0.7.0" #osdk_version_annotation
 
 [prune]
   go-tests = true
diff --git a/internal/pkg/scaffold/helm/gopkgtoml.go b/internal/pkg/scaffold/helm/gopkgtoml.go
index 9463bfe31e5..02876d34ea3 100644
--- a/internal/pkg/scaffold/helm/gopkgtoml.go
+++ b/internal/pkg/scaffold/helm/gopkgtoml.go
@@ -35,8 +35,8 @@ func (s *GopkgToml) GetInput() (input.Input, error) {
 const gopkgTomlTmpl = `[[constraint]]
   name = "github.com/operator-framework/operator-sdk"
   # The version rule is used for a specific release and the master branch for in between releases.
-  branch = "master" #osdk_branch_annotation
-  # version = "=v0.6.0" #osdk_version_annotation
+  # branch = "master" #osdk_branch_annotation
+  version = "=v0.7.0" #osdk_version_annotation
 
 [[override]]
   name = "k8s.io/api"
diff --git a/version/version.go b/version/version.go
index c4fece588d0..51db0954498 100644
--- a/version/version.go
+++ b/version/version.go
@@ -15,5 +15,5 @@
 package version
 
 var (
-	Version = "v0.6.0+git"
+	Version = "v0.7.0"
 )