diff --git a/CHANGELOG.md b/CHANGELOG.md
index 700fef18f..30e368999 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@ Changes by Version
 ==================
 
 
+1.39.0 (2022-11-03)
+-------------------
+* Fix: svc port doesnt match istio convention ([#2101](https://github.com/jaegertracing/jaeger-operator/pull/2101), [@frzifus](https://github.com/frzifus))
+
 1.38.1 (2022-10-11)
 -------------------
 * Add ability to specify es proxy resources ([#2079](https://github.com/jaegertracing/jaeger-operator/pull/2079), [@rubenvp8510](https://github.com/rubenvp8510))
diff --git a/bundle/manifests/jaeger-operator.clusterserviceversion.yaml b/bundle/manifests/jaeger-operator.clusterserviceversion.yaml
index bb73228f4..45846c43a 100644
--- a/bundle/manifests/jaeger-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/jaeger-operator.clusterserviceversion.yaml
@@ -27,7 +27,7 @@ metadata:
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/jaegertracing/jaeger-operator
     support: Jaeger Community
-  name: jaeger-operator.v1.38.1
+  name: jaeger-operator.v1.39.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -403,7 +403,7 @@ spec:
                       fieldPath: metadata.namespace
                 - name: OPERATOR_NAME
                   value: jaeger-operator
-                image: quay.io/jaegertracing/jaeger-operator:1.38.1
+                image: quay.io/jaegertracing/jaeger-operator:1.39.0
                 livenessProbe:
                   httpGet:
                     path: /healthz
@@ -518,11 +518,11 @@ spec:
   maturity: alpha
   provider:
     name: CNCF
-  replaces: jaeger-operator.v1.38.0
+  replaces: jaeger-operator.v1.38.1
   selector:
     matchLabels:
       name: jaeger-operator
-  version: 1.38.1
+  version: 1.39.0
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 029ab9e25..9a3dbf12b 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ kind: Kustomization
 images:
 - name: controller
   newName: quay.io/jaegertracing/jaeger-operator
-  newTag: 1.38.1
+  newTag: 1.39.0
diff --git a/config/manifests/bases/jaeger-operator.clusterserviceversion.yaml b/config/manifests/bases/jaeger-operator.clusterserviceversion.yaml
index 1f2f409a2..9abdfc650 100644
--- a/config/manifests/bases/jaeger-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/jaeger-operator.clusterserviceversion.yaml
@@ -124,7 +124,7 @@ spec:
   maturity: alpha
   provider:
     name: CNCF
-  replaces: jaeger-operator.v1.38.0
+  replaces: jaeger-operator.v1.38.1
   selector:
     matchLabels:
       name: jaeger-operator
diff --git a/examples/all-in-one-with-options.yaml b/examples/all-in-one-with-options.yaml
index edb638580..dbe217fbc 100644
--- a/examples/all-in-one-with-options.yaml
+++ b/examples/all-in-one-with-options.yaml
@@ -5,7 +5,7 @@ metadata:
 spec:
   strategy: allInOne
   allInOne:
-    image: jaegertracing/all-in-one:1.38.1
+    image: jaegertracing/all-in-one:1.39.0
     options:
       log-level: debug
       query:
diff --git a/examples/operator-with-tracing.yaml b/examples/operator-with-tracing.yaml
index 79205d547..683109213 100644
--- a/examples/operator-with-tracing.yaml
+++ b/examples/operator-with-tracing.yaml
@@ -17,7 +17,7 @@ spec:
       serviceAccountName: jaeger-operator
       containers:
       - name: jaeger-operator
-        image: jaegertracing/jaeger-operator:1.38.1
+        image: jaegertracing/jaeger-operator:1.39.0
         ports:
         - containerPort: 8383
           name: http-metrics
@@ -41,7 +41,7 @@ spec:
         - name: OPERATOR_NAME
           value: "jaeger-operator"
       - name: jaeger-agent
-        image: jaegertracing/jaeger-agent:1.38.1
+        image: jaegertracing/jaeger-agent:1.39.0
         env:
         - name: POD_NAMESPACE
           valueFrom:
diff --git a/examples/statefulset-manual-sidecar.yaml b/examples/statefulset-manual-sidecar.yaml
index 5c92e0b1e..f6a6746d6 100644
--- a/examples/statefulset-manual-sidecar.yaml
+++ b/examples/statefulset-manual-sidecar.yaml
@@ -23,7 +23,7 @@ spec:
             - containerPort: 8080
               protocol: TCP
         - name: jaeger-agent
-          image: jaegertracing/jaeger-agent:1.38.1
+          image: jaegertracing/jaeger-agent:1.39.0
           imagePullPolicy: IfNotPresent
           ports:
             - containerPort: 5775
diff --git a/examples/tracegen.yaml b/examples/tracegen.yaml
index d8f8e9157..b93af84b0 100644
--- a/examples/tracegen.yaml
+++ b/examples/tracegen.yaml
@@ -20,7 +20,7 @@ spec:
     spec:
       containers:
       - name: tracegen
-        image: jaegertracing/jaeger-tracegen:1.38.1
+        image: jaegertracing/jaeger-tracegen:1.39.0
         args:
         - -duration=30m
         - -workers=10
diff --git a/versions.txt b/versions.txt
index cc9ae1975..d24ba7688 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,7 +1,7 @@
 # The Jaeger version to use by default. This is updated manually. Make sure to update the changelog
 # and add an upgrade procedure (pkg/upgrade) for the new version.
-jaeger=1.38.1
+jaeger=1.39.0
 
 # DO NOT EDIT the next value, it is updated automatically during the release.
 # Represents the current (latest) release of the Jaeger Operator.
-operator=1.38.1
+operator=1.39.0