diff --git a/.ci/bwcVersions b/.ci/bwcVersions
index b72d3b4089b97..ad072c4c43ad9 100644
--- a/.ci/bwcVersions
+++ b/.ci/bwcVersions
@@ -64,3 +64,4 @@ BWC_VERSION:
   - "2.5.1"
   - "2.6.0"
   - "2.6.1"
+  - "2.7.0"
diff --git a/buildSrc/version.properties b/buildSrc/version.properties
index 06957a509d4de..f81ff7af23bd5 100644
--- a/buildSrc/version.properties
+++ b/buildSrc/version.properties
@@ -1,4 +1,4 @@
-opensearch        = 2.7.0
+opensearch        = 2.7.1
 lucene            = 9.5.0
 
 bundled_jdk_vendor = adoptium
diff --git a/server/src/main/java/org/opensearch/Version.java b/server/src/main/java/org/opensearch/Version.java
index 07ce3c437f9bb..5743bd829fe52 100644
--- a/server/src/main/java/org/opensearch/Version.java
+++ b/server/src/main/java/org/opensearch/Version.java
@@ -112,7 +112,8 @@ public class Version implements Comparable<Version>, ToXContentFragment {
     public static final Version V_2_6_0 = new Version(2060099, org.apache.lucene.util.Version.LUCENE_9_5_0);
     public static final Version V_2_6_1 = new Version(2060199, org.apache.lucene.util.Version.LUCENE_9_5_0);
     public static final Version V_2_7_0 = new Version(2070099, org.apache.lucene.util.Version.LUCENE_9_5_0);
-    public static final Version CURRENT = V_2_7_0;
+    public static final Version V_2_7_1 = new Version(2070199, org.apache.lucene.util.Version.LUCENE_9_5_0);
+    public static final Version CURRENT = V_2_7_1;
 
     public static Version readVersion(StreamInput in) throws IOException {
         return fromId(in.readVInt());