diff --git a/apis/components/v1alpha1/codeflare_types.go b/apis/components/v1alpha1/codeflare_types.go
index 771121ee97e..0736dcb4ba7 100644
--- a/apis/components/v1alpha1/codeflare_types.go
+++ b/apis/components/v1alpha1/codeflare_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -36,6 +37,7 @@ type CodeFlareCommonStatus struct {
 type CodeFlareStatus struct {
 	common.Status         `json:",inline"`
 	CodeFlareCommonStatus `json:",inline"`
+	Releases              []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
 
 // +kubebuilder:object:root=true
@@ -96,4 +98,5 @@ type DSCCodeFlare struct {
 type DSCCodeFlareStatus struct {
 	common.ManagementSpec  `json:",inline"`
 	*CodeFlareCommonStatus `json:",inline"`
+	Releases               []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/dashboard_types.go b/apis/components/v1alpha1/dashboard_types.go
index b537f6ffc07..42a7bc2c8ff 100644
--- a/apis/components/v1alpha1/dashboard_types.go
+++ b/apis/components/v1alpha1/dashboard_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -104,4 +105,5 @@ type DSCDashboard struct {
 type DSCDashboardStatus struct {
 	common.ManagementSpec  `json:",inline"`
 	*DashboardCommonStatus `json:",inline"`
+	Releases               []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/datasciencepipelines_types.go b/apis/components/v1alpha1/datasciencepipelines_types.go
index 0af6338a874..e1f4e7c0c5a 100644
--- a/apis/components/v1alpha1/datasciencepipelines_types.go
+++ b/apis/components/v1alpha1/datasciencepipelines_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -94,4 +95,5 @@ type DSCDataSciencePipelines struct {
 type DSCDataSciencePipelinesStatus struct {
 	common.ManagementSpec             `json:",inline"`
 	*DataSciencePipelinesCommonStatus `json:",inline"`
+	Releases                          []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/kserve_types.go b/apis/components/v1alpha1/kserve_types.go
index 3ae7714b8f5..21adf5f5b66 100644
--- a/apis/components/v1alpha1/kserve_types.go
+++ b/apis/components/v1alpha1/kserve_types.go
@@ -22,6 +22,7 @@ import (
 
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
 	infrav1 "github.com/opendatahub-io/opendatahub-operator/v2/apis/infrastructure/v1"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 )
 
 const (
@@ -132,4 +133,5 @@ type DSCKserve struct {
 type DSCKserveStatus struct {
 	common.ManagementSpec `json:",inline"`
 	*KserveCommonStatus   `json:",inline"`
+	Releases              []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/kueue_types.go b/apis/components/v1alpha1/kueue_types.go
index 9363b0c73b7..d0d01c281db 100644
--- a/apis/components/v1alpha1/kueue_types.go
+++ b/apis/components/v1alpha1/kueue_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -95,4 +96,5 @@ type DSCKueue struct {
 type DSCKueueStatus struct {
 	common.ManagementSpec `json:",inline"`
 	*KueueCommonStatus    `json:",inline"`
+	Releases              []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/modelcontroller_types.go b/apis/components/v1alpha1/modelcontroller_types.go
index 41e34af03b9..7f2ec711182 100644
--- a/apis/components/v1alpha1/modelcontroller_types.go
+++ b/apis/components/v1alpha1/modelcontroller_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	operatorv1 "github.com/openshift/api/operator/v1"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
@@ -79,6 +80,7 @@ func (s *ModelControllerMMSpec) GetDevFlags() *common.DevFlags {
 // ModelControllerStatus defines the observed state of ModelController
 type ModelControllerStatus struct {
 	common.Status `json:",inline"`
+	Releases      []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
 
 // +kubebuilder:object:root=true
diff --git a/apis/components/v1alpha1/modelmeshserving_types.go b/apis/components/v1alpha1/modelmeshserving_types.go
index 5547bc32947..3ea41afe1ac 100644
--- a/apis/components/v1alpha1/modelmeshserving_types.go
+++ b/apis/components/v1alpha1/modelmeshserving_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -95,4 +96,5 @@ type DSCModelMeshServing struct {
 type DSCModelMeshServingStatus struct {
 	common.ManagementSpec         `json:",inline"`
 	*ModelMeshServingCommonStatus `json:",inline"`
+	Releases                      []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/modelregistry_types.go b/apis/components/v1alpha1/modelregistry_types.go
index 3997fad78d7..8f9850c2450 100644
--- a/apis/components/v1alpha1/modelregistry_types.go
+++ b/apis/components/v1alpha1/modelregistry_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -112,4 +113,5 @@ type DSCModelRegistry struct {
 type DSCModelRegistryStatus struct {
 	common.ManagementSpec      `json:",inline"`
 	*ModelRegistryCommonStatus `json:",inline"`
+	Releases                   []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/ray_types.go b/apis/components/v1alpha1/ray_types.go
index 3356ded2b64..9441dad3e98 100644
--- a/apis/components/v1alpha1/ray_types.go
+++ b/apis/components/v1alpha1/ray_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -95,4 +96,5 @@ type DSCRay struct {
 type DSCRayStatus struct {
 	common.ManagementSpec `json:",inline"`
 	*RayCommonStatus      `json:",inline"`
+	Releases              []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/trainingoperator_types.go b/apis/components/v1alpha1/trainingoperator_types.go
index 663e039677e..d3304177764 100644
--- a/apis/components/v1alpha1/trainingoperator_types.go
+++ b/apis/components/v1alpha1/trainingoperator_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -95,4 +96,5 @@ type DSCTrainingOperator struct {
 type DSCTrainingOperatorStatus struct {
 	common.ManagementSpec         `json:",inline"`
 	*TrainingOperatorCommonStatus `json:",inline"`
+	Releases                      []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/trustyai_types.go b/apis/components/v1alpha1/trustyai_types.go
index 05f84f2c9aa..ebf4db99639 100644
--- a/apis/components/v1alpha1/trustyai_types.go
+++ b/apis/components/v1alpha1/trustyai_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -95,4 +96,5 @@ type DSCTrustyAI struct {
 type DSCTrustyAIStatus struct {
 	common.ManagementSpec `json:",inline"`
 	*TrustyAICommonStatus `json:",inline"`
+	Releases              []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/apis/components/v1alpha1/workbenches_types.go b/apis/components/v1alpha1/workbenches_types.go
index 968fc98e38d..4845d465f13 100644
--- a/apis/components/v1alpha1/workbenches_types.go
+++ b/apis/components/v1alpha1/workbenches_types.go
@@ -18,6 +18,7 @@ package v1alpha1
 
 import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/apis/common"
+	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -101,4 +102,5 @@ type DSCWorkbenches struct {
 type DSCWorkbenchesStatus struct {
 	common.ManagementSpec    `json:",inline"`
 	*WorkbenchesCommonStatus `json:",inline"`
+	Releases                 []status.ComponentReleaseStatus `json:"releases,omitempty"`
 }
diff --git a/controllers/components/codeflare/codeflare.go b/controllers/components/codeflare/codeflare.go
index 486c4cd52cf..2d94cf5a923 100644
--- a/controllers/components/codeflare/codeflare.go
+++ b/controllers/components/codeflare/codeflare.go
@@ -85,6 +85,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.CodeFlare.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.CodeFlare.CodeFlareCommonStatus = nil
+	dsc.Status.Components.CodeFlare.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -97,6 +104,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.CodeFlare.CodeFlareCommonStatus = c.Status.CodeFlareCommonStatus.DeepCopy()
+		dsc.Status.Components.CodeFlare.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/dashboard/dashboard.go b/controllers/components/dashboard/dashboard.go
index 2adf25580a3..bfee7de8322 100644
--- a/controllers/components/dashboard/dashboard.go
+++ b/controllers/components/dashboard/dashboard.go
@@ -75,6 +75,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.Dashboard.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.Dashboard.DashboardCommonStatus = nil
+	dsc.Status.Components.Dashboard.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -87,6 +94,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.Dashboard.DashboardCommonStatus = c.Status.DashboardCommonStatus.DeepCopy()
+		dsc.Status.Components.Dashboard.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/datasciencepipelines/datasciencepipelines.go b/controllers/components/datasciencepipelines/datasciencepipelines.go
index 0b0274ce805..48229a71ada 100644
--- a/controllers/components/datasciencepipelines/datasciencepipelines.go
+++ b/controllers/components/datasciencepipelines/datasciencepipelines.go
@@ -17,7 +17,7 @@ import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	"github.com/opendatahub-io/opendatahub-operator/v2/pkg/cluster"
 	cr "github.com/opendatahub-io/opendatahub-operator/v2/pkg/componentsregistry"
-	"github.com/opendatahub-io/opendatahub-operator/v2/pkg/deploy"
+	odhdeploy "github.com/opendatahub-io/opendatahub-operator/v2/pkg/deploy"
 	"github.com/opendatahub-io/opendatahub-operator/v2/pkg/metadata/annotations"
 )
 
@@ -63,7 +63,7 @@ func (s *componentHandler) Init(platform cluster.Platform) error {
 		"IMAGESV2_ARGO_MLMDGRPC":           "RELATED_IMAGE_ODH_MLMD_GRPC_SERVER_IMAGE",
 	}
 
-	if err := deploy.ApplyParams(defaultPath.String(), imageParamMap); err != nil {
+	if err := odhdeploy.ApplyParams(defaultPath.String(), imageParamMap); err != nil {
 		return fmt.Errorf("failed to update images on path %s: %w", defaultPath.String(), err)
 	}
 
@@ -97,6 +97,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.DataSciencePipelines.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.DataSciencePipelines.DataSciencePipelinesCommonStatus = nil
+	dsc.Status.Components.DataSciencePipelines.Releases = nil
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -105,10 +106,17 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 		Message: "Not Available",
 	}
 
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
+
 	switch s.GetManagementState(dsc) {
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.DataSciencePipelines.DataSciencePipelinesCommonStatus = c.Status.DataSciencePipelinesCommonStatus.DeepCopy()
+		dsc.Status.Components.DataSciencePipelines.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/kserve/kserve.go b/controllers/components/kserve/kserve.go
index ebbfd984148..30f461a18e6 100644
--- a/controllers/components/kserve/kserve.go
+++ b/controllers/components/kserve/kserve.go
@@ -17,6 +17,7 @@ import (
 	"github.com/opendatahub-io/opendatahub-operator/v2/controllers/status"
 	"github.com/opendatahub-io/opendatahub-operator/v2/pkg/cluster"
 	cr "github.com/opendatahub-io/opendatahub-operator/v2/pkg/componentsregistry"
+	odhdeploy "github.com/opendatahub-io/opendatahub-operator/v2/pkg/deploy"
 	"github.com/opendatahub-io/opendatahub-operator/v2/pkg/metadata/annotations"
 )
 
@@ -83,6 +84,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.Kserve.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.Kserve.KserveCommonStatus = nil
+	dsc.Status.Components.Kserve.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, componentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -95,6 +103,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.Kserve.KserveCommonStatus = c.Status.KserveCommonStatus.DeepCopy()
+		dsc.Status.Components.Kserve.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/kueue/kueue.go b/controllers/components/kueue/kueue.go
index 8470a055a99..83d77735441 100644
--- a/controllers/components/kueue/kueue.go
+++ b/controllers/components/kueue/kueue.go
@@ -85,6 +85,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.Kueue.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.Kueue.KueueCommonStatus = nil
+	dsc.Status.Components.Kueue.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -97,6 +104,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.Kueue.KueueCommonStatus = c.Status.KueueCommonStatus.DeepCopy()
+		dsc.Status.Components.Kueue.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/modelmeshserving/modelmeshserving.go b/controllers/components/modelmeshserving/modelmeshserving.go
index 51de78e481c..369f2f2c4f7 100644
--- a/controllers/components/modelmeshserving/modelmeshserving.go
+++ b/controllers/components/modelmeshserving/modelmeshserving.go
@@ -86,6 +86,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.ModelMeshServing.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.ModelMeshServing.ModelMeshServingCommonStatus = nil
+	dsc.Status.Components.ModelMeshServing.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -98,6 +105,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.ModelMeshServing.ModelMeshServingCommonStatus = c.Status.ModelMeshServingCommonStatus.DeepCopy()
+		dsc.Status.Components.ModelMeshServing.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/modelregistry/modelregistry.go b/controllers/components/modelregistry/modelregistry.go
index 36c4f912ebb..feeb791dafe 100644
--- a/controllers/components/modelregistry/modelregistry.go
+++ b/controllers/components/modelregistry/modelregistry.go
@@ -83,6 +83,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.ModelRegistry.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.ModelRegistry.ModelRegistryCommonStatus = nil
+	dsc.Status.Components.ModelRegistry.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -95,6 +102,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.ModelRegistry.ModelRegistryCommonStatus = c.Status.ModelRegistryCommonStatus.DeepCopy()
+		dsc.Status.Components.ModelRegistry.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/ray/ray.go b/controllers/components/ray/ray.go
index f479e307684..de49f5e6c36 100644
--- a/controllers/components/ray/ray.go
+++ b/controllers/components/ray/ray.go
@@ -84,6 +84,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.Ray.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.Ray.RayCommonStatus = nil
+	dsc.Status.Components.Ray.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -96,6 +103,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.Ray.RayCommonStatus = c.Status.RayCommonStatus.DeepCopy()
+		dsc.Status.Components.Ray.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/trainingoperator/trainingoperator.go b/controllers/components/trainingoperator/trainingoperator.go
index fae79280141..751e3ed07c1 100644
--- a/controllers/components/trainingoperator/trainingoperator.go
+++ b/controllers/components/trainingoperator/trainingoperator.go
@@ -84,6 +84,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.TrainingOperator.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.TrainingOperator.TrainingOperatorCommonStatus = nil
+	dsc.Status.Components.TrainingOperator.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -96,6 +103,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.TrainingOperator.TrainingOperatorCommonStatus = c.Status.TrainingOperatorCommonStatus.DeepCopy()
+		dsc.Status.Components.TrainingOperator.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/trustyai/trustyai.go b/controllers/components/trustyai/trustyai.go
index 0f5c33c7a6e..b0ec37828ab 100644
--- a/controllers/components/trustyai/trustyai.go
+++ b/controllers/components/trustyai/trustyai.go
@@ -92,6 +92,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.TrustyAI.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.TrustyAI.TrustyAICommonStatus = nil
+	dsc.Status.Components.TrustyAI.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -104,6 +111,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.TrustyAI.TrustyAICommonStatus = c.Status.TrustyAICommonStatus.DeepCopy()
+		dsc.Status.Components.TrustyAI.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/components/workbenches/workbenches.go b/controllers/components/workbenches/workbenches.go
index 795549a2355..7516987fbb6 100644
--- a/controllers/components/workbenches/workbenches.go
+++ b/controllers/components/workbenches/workbenches.go
@@ -83,6 +83,13 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	dsc.Status.InstalledComponents[s.GetName()] = false
 	dsc.Status.Components.Workbenches.ManagementSpec.ManagementState = s.GetManagementState(dsc)
 	dsc.Status.Components.Workbenches.WorkbenchesCommonStatus = nil
+	dsc.Status.Components.Workbenches.Releases = nil
+
+	releases, err := status.GetReleaseStatus(odhdeploy.DefaultManifestPath, ComponentName)
+
+	if err != nil {
+		return err
+	}
 
 	nc := conditionsv1.Condition{
 		Type:    conditionsv1.ConditionType(s.GetName() + status.ReadySuffix),
@@ -95,6 +102,7 @@ func (s *componentHandler) UpdateDSCStatus(dsc *dscv1.DataScienceCluster, obj cl
 	case operatorv1.Managed:
 		dsc.Status.InstalledComponents[s.GetName()] = true
 		dsc.Status.Components.Workbenches.WorkbenchesCommonStatus = c.Status.WorkbenchesCommonStatus.DeepCopy()
+		dsc.Status.Components.Workbenches.Releases = releases
 
 		if rc := meta.FindStatusCondition(c.Status.Conditions, status.ConditionTypeReady); rc != nil {
 			nc.Status = corev1.ConditionStatus(rc.Status)
diff --git a/controllers/status/status.go b/controllers/status/status.go
index 664c8bbfcff..bc8e616b0dc 100644
--- a/controllers/status/status.go
+++ b/controllers/status/status.go
@@ -19,7 +19,13 @@ limitations under the License.
 package status
 
 import (
+	"os"
+	"path/filepath"
+
+	"github.com/blang/semver/v4"
 	conditionsv1 "github.com/openshift/custom-resource-status/conditions/v1"
+	"github.com/operator-framework/api/pkg/lib/version"
+	"gopkg.in/yaml.v2"
 	corev1 "k8s.io/api/core/v1"
 	"k8s.io/apimachinery/pkg/api/meta"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
@@ -242,3 +248,61 @@ func SetStatusCondition(obj common.WithStatus, condition metav1.Condition) bool
 	s := obj.GetStatus()
 	return meta.SetStatusCondition(&s.Conditions, condition)
 }
+
+// +k8s:deepcopy-gen=true
+type ReleaseFileMeta struct {
+	Releases []ComponentReleaseStatusMeta `json:"releases,omitempty"`
+}
+
+// +k8s:deepcopy-gen=true
+type ComponentReleaseStatusMeta struct {
+	Name    string `yaml:"name,omitempty"`
+	Version string `yaml:"version,omitempty"`
+	RepoURL string `yaml:"repoURL,omitempty"`
+}
+
+// +k8s:deepcopy-gen=true
+type ComponentReleaseStatus struct {
+	Name    string                  `json:"name,omitempty"`
+	Version version.OperatorVersion `json:"version,omitempty"`
+	RepoURL string                  `json:"repoURL,omitempty"`
+}
+
+// GetReleaseStatus reads odh_metadata.yaml file and parses release information.
+// If version is not set or set to "", return empty slice along with error.
+func GetReleaseStatus(defaultManifestPath string, componentName string) ([]ComponentReleaseStatus, error) {
+	var componentVersion semver.Version
+	var releaseInfo ReleaseFileMeta
+	var releaseStatus ComponentReleaseStatus
+	componentReleaseStatus := make([]ComponentReleaseStatus, 0)
+
+	yamlData, err := os.ReadFile(filepath.Join(defaultManifestPath, componentName, "odh_metadata.yaml"))
+	if err != nil {
+		if os.IsNotExist(err) {
+			return nil, nil
+		}
+		return nil, err
+	}
+
+	err = yaml.Unmarshal(yamlData, &releaseInfo)
+	if err != nil {
+		return nil, err
+	}
+
+	for _, release := range releaseInfo.Releases {
+		componentVersion, err = semver.Parse(release.Version)
+
+		if err != nil {
+			return nil, err
+		}
+
+		releaseStatus = ComponentReleaseStatus{
+			Name:    release.Name,
+			Version: version.OperatorVersion{Version: componentVersion},
+			RepoURL: release.RepoURL,
+		}
+		componentReleaseStatus = append(componentReleaseStatus, releaseStatus)
+	}
+
+	return componentReleaseStatus, nil
+}
diff --git a/docs/api-overview.md b/docs/api-overview.md
index cc5445e6a7a..4ff9d27b2e6 100644
--- a/docs/api-overview.md
+++ b/docs/api-overview.md
@@ -144,6 +144,7 @@ _Appears in:_
 | `phase` _string_ |  |  |  |
 | `observedGeneration` _integer_ |  |  |  |
 | `conditions` _[Condition](https://kubernetes.io/docs/reference/generated/kubernetes-api/v1.25/#condition-v1-meta) array_ |  |  |  |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCCodeFlare
@@ -177,6 +178,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCDashboard
@@ -210,6 +212,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCDataSciencePipelines
@@ -243,6 +246,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCKserve
@@ -279,6 +283,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCKueue
@@ -312,6 +317,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCModelMeshServing
@@ -345,6 +351,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCModelRegistry
@@ -379,6 +386,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCRay
@@ -412,6 +420,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCTrainingOperator
@@ -445,6 +454,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCTrustyAI
@@ -478,6 +488,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### DSCWorkbenches
@@ -511,6 +522,7 @@ _Appears in:_
 | Field | Description | Default | Validation |
 | --- | --- | --- | --- |
 | `managementState` _[ManagementState](#managementstate)_ | Set to one of the following values:<br /><br />- "Managed" : the operator is actively managing the component and trying to keep it active.<br />              It will only upgrade the component if it is safe to do so<br /><br />- "Removed" : the operator is actively managing the component and will not install it,<br />              or if it is installed, the operator will try to remove it |  | Enum: [Managed Removed] <br /> |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### Dashboard
@@ -1081,6 +1093,7 @@ _Appears in:_
 | `phase` _string_ |  |  |  |
 | `observedGeneration` _integer_ |  |  |  |
 | `conditions` _[Condition](https://kubernetes.io/docs/reference/generated/kubernetes-api/v1.25/#condition-v1-meta) array_ |  |  |  |
+| `releases` _ComponentReleaseStatus array_ |  |  |  |
 
 
 #### ModelMeshServing