diff --git a/apis/core/v1beta1/conditions.go b/apis/core/v1beta1/conditions.go
index c0617e70e..7456fbb59 100644
--- a/apis/core/v1beta1/conditions.go
+++ b/apis/core/v1beta1/conditions.go
@@ -478,6 +478,8 @@ const (
 	OpenStackVersionMinorUpdateControlplane condition.Type = "MinorUpdateControlplane"
 
 	OpenStackVersionMinorUpdateDataplane condition.Type = "MinorUpdateDataplane"
+
+	OpenStackVersionMinorUpdateAvailable condition.Type = "MinorUpdateAvailable"
 )
 
 // Version Messages used by API objects.
@@ -506,4 +508,7 @@ const (
 
 	// OpenStackVersionMinorUpdateReadyErrorMessage
 	OpenStackVersionMinorUpdateReadyErrorMessage = "error occured %s"
+
+	// OpenStackVersionMinorUpdateAvailableMessage
+	OpenStackVersionMinorUpdateAvailableMessage = "update available"
 )
diff --git a/controllers/core/openstackversion_controller.go b/controllers/core/openstackversion_controller.go
index 88d50998d..255a7de4c 100644
--- a/controllers/core/openstackversion_controller.go
+++ b/controllers/core/openstackversion_controller.go
@@ -301,6 +301,14 @@ func (r *OpenStackVersionReconciler) Reconcile(ctx context.Context, req ctrl.Req
 		Log.Info("Setting DeployedVersion")
 		instance.Status.DeployedVersion = &instance.Spec.TargetVersion
 	}
+	if instance.Status.DeployedVersion != nil &&
+		*instance.Status.AvailableVersion != *instance.Status.DeployedVersion {
+		instance.Status.Conditions.Set(condition.TrueCondition(
+			corev1beta1.OpenStackVersionMinorUpdateAvailable,
+			corev1beta1.OpenStackVersionMinorUpdateAvailableMessage))
+	} else {
+		instance.Status.Conditions.Remove(corev1beta1.OpenStackVersionMinorUpdateAvailable)
+	}
 
 	return ctrl.Result{}, nil
 }
diff --git a/tests/functional/ctlplane/openstackversion_controller_test.go b/tests/functional/ctlplane/openstackversion_controller_test.go
index 362aaa34e..68ee88a09 100644
--- a/tests/functional/ctlplane/openstackversion_controller_test.go
+++ b/tests/functional/ctlplane/openstackversion_controller_test.go
@@ -96,8 +96,11 @@ var _ = Describe("OpenStackOperator controller", func() {
 				version := GetOpenStackVersion(names.OpenStackVersionName)
 				g.Expect(version).Should(Not(BeNil()))
 
-				g.Expect(*version.Status.AvailableVersion).Should(Equal("0.0.1"))
-				g.Expect(version.Spec.TargetVersion).Should(Equal("0.0.1"))
+				// no condition which reflects an update is available
+				g.Expect(version.Status.Conditions.Has(corev1.OpenStackVersionMinorUpdateAvailable)).To(BeFalse())
+
+				g.Expect(*version.Status.AvailableVersion).Should(ContainSubstring("0.0.1"))
+				g.Expect(version.Spec.TargetVersion).Should(ContainSubstring("0.0.1"))
 
 				g.Expect(version.Status.ContainerImages.AgentImage).ShouldNot(BeNil())
 				g.Expect(version.Status.ContainerImages.AnsibleeeImage).ShouldNot(BeNil())
@@ -288,15 +291,15 @@ var _ = Describe("OpenStackOperator controller", func() {
 				targetOvnControllerVersion = *version.Status.ContainerImages.OvnControllerImage
 				g.Expect(version).Should(Not(BeNil()))
 
-				g.Expect(*version.Status.AvailableVersion).Should(Equal("0.0.1"))
-				g.Expect(version.Spec.TargetVersion).Should(Equal("0.0.1"))
-
+				g.Expect(*version.Status.AvailableVersion).Should(ContainSubstring("0.0.1"))
+				g.Expect(version.Spec.TargetVersion).Should(ContainSubstring("0.0.1"))
+				updatedVersion = *version.Status.AvailableVersion
 			}, timeout, interval).Should(Succeed())
 
 			// inject an "old" version
 			Eventually(func(g Gomega) {
 				version := GetOpenStackVersion(names.OpenStackVersionName)
-				version.Status.ContainerImageVersionDefaults[initialVersion] = version.Status.ContainerImageVersionDefaults["0.0.1"]
+				version.Status.ContainerImageVersionDefaults[initialVersion] = version.Status.ContainerImageVersionDefaults[updatedVersion]
 				version.Status.ContainerImageVersionDefaults[initialVersion].OvnControllerImage = &testOvnControllerImage
 				g.Expect(th.K8sClient.Status().Update(th.Ctx, version)).To(Succeed())
 
@@ -388,6 +391,15 @@ var _ = Describe("OpenStackOperator controller", func() {
 
 			// 1) switch to version 0.0.1, this triggers a minor update
 			osversion := GetOpenStackVersion(names.OpenStackVersionName)
+
+			// should have a condition which reflects an update is available
+			th.ExpectCondition(
+				names.OpenStackVersionName,
+				ConditionGetterFunc(OpenStackVersionConditionGetter),
+				corev1.OpenStackVersionMinorUpdateAvailable,
+				k8s_corev1.ConditionTrue,
+			)
+
 			osversion.Spec.TargetVersion = updatedVersion
 			Expect(k8sClient.Update(ctx, osversion)).Should(Succeed())
 
@@ -533,7 +545,8 @@ var _ = Describe("OpenStackOperator controller", func() {
 					k8s_corev1.ConditionTrue,
 				)
 				g.Expect(osversion.Status.DeployedVersion).Should(Equal(&updatedVersion)) // we're done here
-
+				// no condition which reflects an update is available
+				g.Expect(osversion.Status.Conditions.Has(corev1.OpenStackVersionMinorUpdateAvailable)).To(BeFalse())
 			}, timeout, interval).Should(Succeed())
 
 		})