diff --git a/manifests/overlays/kubeflow/kustomization.yaml b/manifests/overlays/kubeflow/kustomization.yaml
index 50bfeb4e81..0d1d1249e3 100644
--- a/manifests/overlays/kubeflow/kustomization.yaml
+++ b/manifests/overlays/kubeflow/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
   - kubeflow-training-roles.yaml
 images:
   - name: kubeflow/training-operator
-    newTag: "v1-d0fb5c0"
+    newTag: "v1-5a5f92d"
diff --git a/manifests/overlays/standalone/kustomization.yaml b/manifests/overlays/standalone/kustomization.yaml
index a7a8bd5c80..c028e578b7 100644
--- a/manifests/overlays/standalone/kustomization.yaml
+++ b/manifests/overlays/standalone/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
   - namespace.yaml
 images:
   - name: kubeflow/training-operator
-    newTag: "v1-d0fb5c0"
+    newTag: "v1-5a5f92d"