diff --git a/README.md b/README.md
index 46c79db6..180f1d7d 100644
--- a/README.md
+++ b/README.md
@@ -101,8 +101,8 @@ To attach access management tags to resources in this module, you need the follo
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, <1.6.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.59.0 |
-| <a name="requirement_time"></a> [time](#requirement\_time) | >= 0.9.1 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.59.0, < 2.0.0 |
+| <a name="requirement_time"></a> [time](#requirement\_time) | >= 0.9.1, < 1.0.0 |
 
 ### Modules
 
diff --git a/version.tf b/version.tf
index 86c681db..faaea376 100644
--- a/version.tf
+++ b/version.tf
@@ -4,11 +4,11 @@ terraform {
     # Use "greater than or equal to" range in modules
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.59.0"
+      version = ">= 1.59.0, < 2.0.0"
     }
     time = {
       source  = "hashicorp/time"
-      version = ">= 0.9.1"
+      version = ">= 0.9.1, < 1.0.0"
     }
   }
 }