diff --git a/charts/fdb-operator/Chart.yaml b/charts/fdb-operator/Chart.yaml
index d8589338..63ab32f3 100644
--- a/charts/fdb-operator/Chart.yaml
+++ b/charts/fdb-operator/Chart.yaml
@@ -18,6 +18,6 @@ type: application
 version: 0.2.0
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: v1.48.0
+appVersion: v1.49.0
 maintainers:
   - name: "foundationdb-ci"
diff --git a/charts/fdb-operator/values.yaml b/charts/fdb-operator/values.yaml
index 6fa38247..32979f6d 100644
--- a/charts/fdb-operator/values.yaml
+++ b/charts/fdb-operator/values.yaml
@@ -1,7 +1,7 @@
 ---
 image:
   repository: foundationdb/fdb-kubernetes-operator
-  tag: v1.48.0
+  tag: v1.49.0
   pullPolicy: IfNotPresent
 initContainers:
   6.2:
diff --git a/config/deployment/manager.yaml b/config/deployment/manager.yaml
index 6553e1d3..2829b248 100644
--- a/config/deployment/manager.yaml
+++ b/config/deployment/manager.yaml
@@ -83,7 +83,7 @@ spec:
       containers:
         - command:
             - /manager
-          image: foundationdb/fdb-kubernetes-operator:v1.48.0
+          image: foundationdb/fdb-kubernetes-operator:v1.49.0
           name: manager
           env:
             - name: WATCH_NAMESPACE
diff --git a/config/samples/deployment.yaml b/config/samples/deployment.yaml
index 3ee44d23..6f78eb46 100644
--- a/config/samples/deployment.yaml
+++ b/config/samples/deployment.yaml
@@ -178,7 +178,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: foundationdb/fdb-kubernetes-operator:v1.48.0
+        image: foundationdb/fdb-kubernetes-operator:v1.49.0
         name: manager
         ports:
         - containerPort: 8080
diff --git a/docs/changelog/v1.49.0.md b/docs/changelog/v1.49.0.md
new file mode 100644
index 00000000..c1cca8ee
--- /dev/null
+++ b/docs/changelog/v1.49.0.md
@@ -0,0 +1,8 @@
+# v1.49.0
+
+## Changes
+
+### Operator
+
+* Remove Minio config and make use of SeaweedFS [#2137](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2137)
+* Add support for storage migration in the operator [#2090](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2090)