diff --git a/cmd/ocm/gcp/create-wif-config.go b/cmd/ocm/gcp/create-wif-config.go
index da299de4..09ecee78 100644
--- a/cmd/ocm/gcp/create-wif-config.go
+++ b/cmd/ocm/gcp/create-wif-config.go
@@ -19,11 +19,12 @@ import (
 var (
 	// CreateWifConfigOpts captures the options that affect creation of the workload identity configuration
 	CreateWifConfigOpts = options{
-		Mode:       ModeAuto,
-		Name:       "",
-		Project:    "",
-		RolePrefix: "",
-		TargetDir:  "",
+		Mode:             ModeAuto,
+		Name:             "",
+		Project:          "",
+		RolePrefix:       "",
+		TargetDir:        "",
+		OpenshiftVersion: "",
 	}
 )
 
@@ -75,6 +76,12 @@ wif-config resource within OCM to represent those resources.`,
 		"",
 		targetDirFlagDescription,
 	)
+	createWifConfigCmd.PersistentFlags().StringVar(
+		&CreateWifConfigOpts.OpenshiftVersion,
+		"version",
+		"",
+		versionFlagDescription,
+	)
 
 	return createWifConfigCmd
 }
@@ -86,6 +93,9 @@ func validationForCreateWorkloadIdentityConfigurationCmd(cmd *cobra.Command, arg
 	if err := promptProjectId(); err != nil {
 		return err
 	}
+	if err := promptVersion(); err != nil {
+		return err
+	}
 
 	if CreateWifConfigOpts.Mode != ModeAuto && CreateWifConfigOpts.Mode != ModeManual {
 		return fmt.Errorf("Invalid mode. Allowed values are %s", Modes)
@@ -137,6 +147,24 @@ func promptProjectId() error {
 	return nil
 }
 
+func promptVersion() error {
+	const versionHelp = "The OCP version to configure the wif-config for. " +
+		"Will default to the latest supported version if left unset."
+	if CreateWifConfigOpts.OpenshiftVersion == "" {
+		if CreateWifConfigOpts.Interactive {
+			prompt := &survey.Input{
+				Message: "Openshift version:",
+				Help:    versionHelp,
+			}
+			return survey.AskOne(
+				prompt,
+				&CreateWifConfigOpts.OpenshiftVersion,
+			)
+		}
+	}
+	return nil
+}
+
 func createWorkloadIdentityConfigurationCmd(cmd *cobra.Command, argv []string) error {
 	ctx := context.Background()
 	log := log.Default()
@@ -225,6 +253,11 @@ func createWorkloadIdentityConfiguration(
 	}
 	wifBuilder.Gcp(gcpBuilder)
 
+	if CreateWifConfigOpts.OpenshiftVersion != "" {
+		wifTemplate := versionToTemplateID(CreateWifConfigOpts.OpenshiftVersion)
+		wifBuilder.WifTemplates(wifTemplate)
+	}
+
 	wifBuilder.DisplayName(displayName)
 	wifConfigInput, err := wifBuilder.Build()
 	if err != nil {
diff --git a/cmd/ocm/gcp/flag_descriptions.go b/cmd/ocm/gcp/flag_descriptions.go
index c0edca2c..3267aa8b 100644
--- a/cmd/ocm/gcp/flag_descriptions.go
+++ b/cmd/ocm/gcp/flag_descriptions.go
@@ -9,4 +9,5 @@ manual:         Commands necessary to modify GCP resources will be output
 `
 
 	targetDirFlagDescription = `Directory to place generated files (defaults to current directory)`
+	versionFlagDescription   = `Version of OpenShift to configure the WIF resources for`
 )
diff --git a/cmd/ocm/gcp/gcp.go b/cmd/ocm/gcp/gcp.go
index 31954106..eeee91b2 100644
--- a/cmd/ocm/gcp/gcp.go
+++ b/cmd/ocm/gcp/gcp.go
@@ -8,6 +8,7 @@ type options struct {
 	Interactive              bool
 	Mode                     string
 	Name                     string
+	OpenshiftVersion         string
 	Project                  string
 	Region                   string
 	RolePrefix               string
diff --git a/cmd/ocm/gcp/helpers.go b/cmd/ocm/gcp/helpers.go
index 88330ab0..95b1749d 100644
--- a/cmd/ocm/gcp/helpers.go
+++ b/cmd/ocm/gcp/helpers.go
@@ -4,6 +4,7 @@ import (
 	"fmt"
 	"os"
 	"path/filepath"
+	"regexp"
 
 	cmv1 "github.com/openshift-online/ocm-sdk-go/clustersmgmt/v1"
 	"github.com/pkg/errors"
@@ -82,3 +83,15 @@ func getPathFromFlag(targetDir string) (string, error) {
 
 	return targetDir, nil
 }
+
+// converts openshift version of form X.Y to template ID of form vX.Y
+func versionToTemplateID(version string) string {
+	// Check if version is a semver in the form X.Y
+	re := regexp.MustCompile(`^\d+\.\d+$`)
+	if re.MatchString(version) {
+		return "v" + version
+	}
+
+	// Otherwise, return the version as is
+	return version
+}
diff --git a/cmd/ocm/gcp/update-wif-config.go b/cmd/ocm/gcp/update-wif-config.go
index 66db6ca8..4152084c 100644
--- a/cmd/ocm/gcp/update-wif-config.go
+++ b/cmd/ocm/gcp/update-wif-config.go
@@ -8,14 +8,16 @@ import (
 
 	"github.com/openshift-online/ocm-cli/pkg/gcp"
 	"github.com/openshift-online/ocm-cli/pkg/ocm"
+	cmv1 "github.com/openshift-online/ocm-sdk-go/clustersmgmt/v1"
 	"github.com/pkg/errors"
 	"github.com/spf13/cobra"
 )
 
 var (
 	UpdateWifConfigOpts = options{
-		Mode:      ModeAuto,
-		TargetDir: "",
+		Mode:             ModeAuto,
+		TargetDir:        "",
+		OpenshiftVersion: "",
 	}
 )
 
@@ -46,6 +48,12 @@ the wif-config metadata and the GCP resources it represents.`,
 		"",
 		targetDirFlagDescription,
 	)
+	updateWifConfigCmd.PersistentFlags().StringVar(
+		&UpdateWifConfigOpts.OpenshiftVersion,
+		"version",
+		"",
+		versionFlagDescription,
+	)
 
 	return updateWifConfigCmd
 }
@@ -85,6 +93,27 @@ func updateWorkloadIdentityConfigurationCmd(cmd *cobra.Command, argv []string) e
 		return errors.Wrapf(err, "failed to get wif-config")
 	}
 
+	// Update the WIF configuration
+	if UpdateWifConfigOpts.OpenshiftVersion != "" {
+		wifTemplate := versionToTemplateID(UpdateWifConfigOpts.OpenshiftVersion)
+
+		wifBuilder := cmv1.NewWifConfig()
+		existingTemplates, _ := wifConfig.GetWifTemplates()
+		wifBuilder.WifTemplates(append(existingTemplates, wifTemplate)...)
+
+		updatedWifConfig, err := wifBuilder.Build()
+		if err != nil {
+			return errors.Wrapf(err, "failed to create wif-config body")
+		}
+
+		resp, err := connection.ClustersMgmt().V1().GCP().WifConfigs().
+			WifConfig(wifConfig.ID()).Update().Body(updatedWifConfig).Send()
+		if err != nil {
+			return errors.Wrapf(err, "failed to update wif-config")
+		}
+		wifConfig = resp.Body()
+	}
+
 	gcpClient, err := gcp.NewGcpClient(ctx)
 	if err != nil {
 		return errors.Wrapf(err, "failed to initiate GCP client")
diff --git a/go.mod b/go.mod
index 6b07976b..7f94488e 100644
--- a/go.mod
+++ b/go.mod
@@ -15,7 +15,7 @@ require (
 	github.com/nwidger/jsoncolor v0.3.2
 	github.com/onsi/ginkgo/v2 v2.11.0
 	github.com/onsi/gomega v1.27.8
-	github.com/openshift-online/ocm-sdk-go v0.1.449
+	github.com/openshift-online/ocm-sdk-go v0.1.451
 	github.com/openshift/rosa v1.2.24
 	github.com/pkg/browser v0.0.0-20210911075715-681adbf594b8
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index 73061aec..58b7fdf0 100644
--- a/go.sum
+++ b/go.sum
@@ -361,8 +361,8 @@ github.com/onsi/ginkgo/v2 v2.11.0 h1:WgqUCUt/lT6yXoQ8Wef0fsNn5cAuMK7+KT9UFRz2tcU
 github.com/onsi/ginkgo/v2 v2.11.0/go.mod h1:ZhrRA5XmEE3x3rhlzamx/JJvujdZoJ2uvgI7kR0iZvM=
 github.com/onsi/gomega v1.27.8 h1:gegWiwZjBsf2DgiSbf5hpokZ98JVDMcWkUiigk6/KXc=
 github.com/onsi/gomega v1.27.8/go.mod h1:2J8vzI/s+2shY9XHRApDkdgPo1TKT7P2u6fXeJKFnNQ=
-github.com/openshift-online/ocm-sdk-go v0.1.449 h1:hgegxZuVl8bvR8uA4hCj0/GTfyNLHeQTzBlWXACQX7k=
-github.com/openshift-online/ocm-sdk-go v0.1.449/go.mod h1:CiAu2jwl3ITKOxkeV0Qnhzv4gs35AmpIzVABQLtcI2Y=
+github.com/openshift-online/ocm-sdk-go v0.1.451 h1:lkMUmReNb7fOLZagnCp5Hu4yY7UyJH47nPEKSUEUVFw=
+github.com/openshift-online/ocm-sdk-go v0.1.451/go.mod h1:CiAu2jwl3ITKOxkeV0Qnhzv4gs35AmpIzVABQLtcI2Y=
 github.com/openshift/rosa v1.2.24 h1:vv0yYnWHx6CCPEAau/0rS54P2ksaf+uWXb1TQPWxiYE=
 github.com/openshift/rosa v1.2.24/go.mod h1:MVXB27O3PF8WoOic23I03mmq6/9kVxpFx6FKyLMCyrQ=
 github.com/pkg/browser v0.0.0-20210911075715-681adbf594b8 h1:KoWmjvw+nsYOo29YJK9vDA65RGE3NrOnUtO7a+RF9HU=