diff --git a/README.md b/README.md
index 560fbef..7fb7c5e 100644
--- a/README.md
+++ b/README.md
@@ -64,7 +64,7 @@ You need the following permissions to run this module.
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.0.0, <1.6.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.49.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.49.0, < 2.0.0 |
 
 ### Modules
 
diff --git a/version.tf b/version.tf
index 3ff62a7..930e09d 100644
--- a/version.tf
+++ b/version.tf
@@ -4,7 +4,7 @@ terraform {
     ibm = {
       source = "IBM-Cloud/ibm"
       # Use "greater than or equal to" range in modules
-      version = ">= 1.49.0"
+      version = ">= 1.49.0, < 2.0.0"
     }
   }
 }