diff --git a/README.md b/README.md
index db95271..8f604b7 100644
--- a/README.md
+++ b/README.md
@@ -189,8 +189,8 @@ You need the following permissions to run this module.
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, < 1.6.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.49.0 |
-| <a name="requirement_local"></a> [local](#requirement\_local) | >= 2.4.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.49.0, < 2.0.0 |
+| <a name="requirement_local"></a> [local](#requirement\_local) | >= 2.4.0, < 3.0.0 |
 
 ### Modules
 
diff --git a/version.tf b/version.tf
index a0c0354..f76a241 100644
--- a/version.tf
+++ b/version.tf
@@ -5,11 +5,11 @@ terraform {
     # Use "greater than or equal to" range in modules
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.49.0"
+      version = ">= 1.49.0, < 2.0.0"
     }
     local = {
       source  = "hashicorp/local"
-      version = ">= 2.4.0"
+      version = ">= 2.4.0, < 3.0.0"
     }
   }
 }