diff --git a/Makefile b/Makefile
index 69adafc8..eb56753a 100644
--- a/Makefile
+++ b/Makefile
@@ -8,7 +8,7 @@ DESTDIR ?=
 EPOCH_TEST_COMMIT ?= $(shell git merge-base $${DEST_BRANCH:-main} HEAD)
 HEAD ?= HEAD
 
-export PODMAN_VERSION ?= "4.7.0"
+export PODMAN_VERSION ?= "4.8.0-dev"
 
 .PHONY: podman
 podman:
diff --git a/podman/tests/__init__.py b/podman/tests/__init__.py
index 16e2be6a..ade63c1d 100644
--- a/podman/tests/__init__.py
+++ b/podman/tests/__init__.py
@@ -3,5 +3,5 @@
 # Do not auto-update these from version.py,
 #   as test code should be changed to reflect changes in Podman API versions
 BASE_SOCK = "unix:///run/api.sock"
-LIBPOD_URL = "http://%2Frun%2Fapi.sock/v4.7.0/libpod"
+LIBPOD_URL = "http://%2Frun%2Fapi.sock/v4.8.0/libpod"
 COMPATIBLE_URL = "http://%2Frun%2Fapi.sock/v1.40"
diff --git a/podman/version.py b/podman/version.py
index 4c0ff0ec..a0eaca9c 100644
--- a/podman/version.py
+++ b/podman/version.py
@@ -1,4 +1,4 @@
 """Version of PodmanPy."""
 
-__version__ = "4.7.0"
+__version__ = "4.8.0-dev"
 __compatible_version__ = "1.40"
diff --git a/setup.cfg b/setup.cfg
index ea6a3fa9..d0af88ca 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = podman
-version = 4.7.0
+version = 4.8.0-dev
 author = Brent Baude, Jhon Honce
 author_email = jhonce@redhat.com
 description = Bindings for Podman RESTful API