diff --git a/.gitignore b/.gitignore
index b33bd1dcae..6b11e10253 100644
--- a/.gitignore
+++ b/.gitignore
@@ -32,6 +32,7 @@ vendor
 # local resources, not to be committed
 local
 config/manager/kustomization.yaml
+.vscode
 
 # test resources
 kubeconfig
@@ -40,4 +41,4 @@ tests/_build/
 # autoinstrumentation artifacts
 build
 node_modules
-package-lock.json
+package-lock.json
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index af276ef481..d1f0ae4d5b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,22 @@
 Changes by Version
 ==================
 
+0.52.0
+-------------------
+### 🚀 New components 🚀
+* Add creation of ServiceAccount to the Target Allocator ([#836](https://github.com/open-telemetry/opentelemetry-operator/pull/836), [@jaronoff97](https://github.com/jaronoff97))
+* Cross namespace instrumentation ([#889](https://github.com/open-telemetry/opentelemetry-operator/pull/889), [@tKe](https://github.com/tKe))
+* Added extra cli flag webhook-port ([#899](https://github.com/open-telemetry/opentelemetry-operator/pull/899), [@abelperezok](https://github.com/abelperezok))
+### 💡 Enhancements 💡
+* Add cert manager 1.8.0 ([#905](https://github.com/open-telemetry/opentelemetry-operator/pull/905), [@yuriolisa](https://github.com/yuriolisa))
+* updated module name and imports ([#910](https://github.com/open-telemetry/opentelemetry-operator/pull/910), [@evanli02](https://github.com/evanli02))
+### 🧰 Bug fixes 🧰
+* Fix docker multiarch build for operator ([#882](https://github.com/open-telemetry/opentelemetry-operator/pull/882), [@pavolloffay](https://github.com/pavolloffay))
+* avoid non static labels in workload objects selector ([#849](https://github.com/open-telemetry/opentelemetry-operator/pull/849), [@DWonMtl](https://github.com/DWonMtl))
+#### OpenTelemetry Collector and Contrib
+* [OpenTelemetry Collector - v0.52.0](https://github.com/open-telemetry/opentelemetry-collector/releases/tag/v0.52.0)
+* [OpenTelemetry Contrib - v0.52.0](https://github.com/open-telemetry/opentelemetry-collector-contrib/releases/tag/v0.52.0)
+
 0.51.0
 -------------------
 ### 🚀 New components 🚀
diff --git a/README.md b/README.md
index d9b36636d7..cc9edf7afd 100644
--- a/README.md
+++ b/README.md
@@ -297,6 +297,7 @@ The OpenTelemetry Operator *might* work on versions outside of the given range,
 
 | OpenTelemetry Operator | Kubernetes           | Cert-Manager         |
 |------------------------|----------------------|----------------------|
+| v0.52.0                | v1.19 to v1.23       | v1                   |
 | v0.51.0                | v1.19 to v1.23       | v1alpha2             |
 | v0.50.0                | v1.19 to v1.23       | v1alpha2             |
 | v0.49.0                | v1.19 to v1.23       | v1alpha2             |
diff --git a/bundle/manifests/opentelemetry-operator.clusterserviceversion.yaml b/bundle/manifests/opentelemetry-operator.clusterserviceversion.yaml
index d12a529bfb..758b329733 100644
--- a/bundle/manifests/opentelemetry-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/opentelemetry-operator.clusterserviceversion.yaml
@@ -37,7 +37,7 @@ metadata:
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: github.com/open-telemetry/opentelemetry-operator
     support: OpenTelemetry Community
-  name: opentelemetry-operator.v0.51.0
+  name: opentelemetry-operator.v0.52.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -297,7 +297,7 @@ spec:
               - args:
                 - --metrics-addr=127.0.0.1:8080
                 - --enable-leader-election
-                image: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.51.0
+                image: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.52.0
                 livenessProbe:
                   httpGet:
                     path: /healthz
@@ -389,7 +389,7 @@ spec:
   maturity: alpha
   provider:
     name: OpenTelemetry Community
-  version: 0.51.0
+  version: 0.52.0
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/versions.txt b/versions.txt
index 655e1ea25e..8f354197b2 100644
--- a/versions.txt
+++ b/versions.txt
@@ -2,10 +2,10 @@
 # by default with the OpenTelemetry Operator. This would usually be the latest
 # stable OpenTelemetry version. When you update this file, make sure to update the
 # the docs as well.
-opentelemetry-collector=0.51.0
+opentelemetry-collector=0.52.0
 
 # Represents the current release of the OpenTelemetry Operator.
-operator=0.51.0
+operator=0.52.0
 
 # Represents the current release of the Target Allocator.
 targetallocator=0.1.0