diff --git a/.ci/bwcVersions b/.ci/bwcVersions
index 914426eebe35e..1dc8dc955f7c6 100644
--- a/.ci/bwcVersions
+++ b/.ci/bwcVersions
@@ -51,3 +51,4 @@ BWC_VERSION:
   - "2.2.1"
   - "2.2.2"
   - "2.3.0"
+  - "2.4.0"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9bb524a7fba3b..82b381d6de166 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,8 @@ Inspired from [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 - Support for HTTP/2 (server-side) ([#3847](https://github.com/opensearch-project/OpenSearch/pull/3847))
 - BWC version 2.2.2 ([#4383](https://github.com/opensearch-project/OpenSearch/pull/4383))
 - Support for labels on version bump PRs, skip label support for changelog verifier ([#4391](https://github.com/opensearch-project/OpenSearch/pull/4391))
+- Update previous release bwc version to 2.4.0 ([#4455](https://github.com/opensearch-project/OpenSearch/pull/4455))
+
 ### Dependencies
 - Bumps `org.gradle.test-retry` from 1.4.0 to 1.4.1
 - Bumps `reactor-netty-core` from 1.0.19 to 1.0.22
diff --git a/server/src/main/java/org/opensearch/Version.java b/server/src/main/java/org/opensearch/Version.java
index 10e5f16419a7a..978f0ee2186f2 100644
--- a/server/src/main/java/org/opensearch/Version.java
+++ b/server/src/main/java/org/opensearch/Version.java
@@ -98,6 +98,7 @@ public class Version implements Comparable<Version>, ToXContentFragment {
     public static final Version V_2_2_1 = new Version(2020199, org.apache.lucene.util.Version.LUCENE_9_3_0);
     public static final Version V_2_2_2 = new Version(2020299, org.apache.lucene.util.Version.LUCENE_9_3_0);
     public static final Version V_2_3_0 = new Version(2030099, org.apache.lucene.util.Version.LUCENE_9_3_0);
+    public static final Version V_2_4_0 = new Version(2040099, org.apache.lucene.util.Version.LUCENE_9_3_0);
     public static final Version V_3_0_0 = new Version(3000099, org.apache.lucene.util.Version.LUCENE_9_4_0);
     public static final Version CURRENT = V_3_0_0;