diff --git a/CHANGELOG.md b/CHANGELOG.md
index 669b389871..2487056143 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,12 @@
 Changes by Version
 ==================
 
+0.14.0 (2020-11-09)
+-------------------
+* Bumped OpenTelemetry Collector to v0.14.0 ([#112](https://github.com/open-telemetry/opentelemetry-operator/pull/112), [@jpkrohling](https://github.com/jpkrohling)) 
+
+_Note: The `tailsampling` processor was moved to the contrib repository, requiring a manual intervention in case this processor is being used: either replace the image with the contrib one (v0.14.0, which includes this processor), or remove the processor._
+
 0.13.0 (2020-10-22)
 -------------------
 
diff --git a/versions.txt b/versions.txt
index 2add194b39..44820f1033 100644
--- a/versions.txt
+++ b/versions.txt
@@ -2,7 +2,7 @@
 # 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=0.13.0
+opentelemetry-collector=0.14.0
 
 # Represents the next release of the OpenTelemetry Operator.
-operator=0.13.0
+operator=0.14.0