diff --git a/pkg/controller/constants.go b/pkg/controller/constants.go
index 11abac702..f5d9b6e20 100644
--- a/pkg/controller/constants.go
+++ b/pkg/controller/constants.go
@@ -71,6 +71,7 @@ const (
 	TLSNoInsecure       = "none"
 
 	LBServiceIPAMLabelAnnotation  = "cis.f5.com/ipamLabel"
+	LBServiceIPAnnotation         = "cis.f5.com/ip"
 	LBServiceHostAnnotation       = "cis.f5.com/host"
 	HealthMonitorAnnotation       = "cis.f5.com/health"
 	LBServicePolicyNameAnnotation = "cis.f5.com/policyName"
diff --git a/pkg/controller/informers.go b/pkg/controller/informers.go
index e58705083..fb12a59ee 100644
--- a/pkg/controller/informers.go
+++ b/pkg/controller/informers.go
@@ -1150,6 +1150,7 @@ func (ctlr *Controller) enqueueUpdatedService(obj, cur interface{}, clusterName
 	}
 
 	if (svc.Spec.Type != curSvc.Spec.Type && svc.Spec.Type == corev1.ServiceTypeLoadBalancer) ||
+		(svc.Annotations[LBServiceIPAnnotation] != curSvc.Annotations[LBServiceIPAnnotation]) ||
 		(svc.Annotations[LBServiceIPAMLabelAnnotation] != curSvc.Annotations[LBServiceIPAMLabelAnnotation]) ||
 		!reflect.DeepEqual(svc.Labels, curSvc.Labels) || !reflect.DeepEqual(svc.Spec.Ports, curSvc.Spec.Ports) ||
 		!reflect.DeepEqual(svc.Spec.Selector, curSvc.Spec.Selector) {
diff --git a/pkg/controller/worker.go b/pkg/controller/worker.go
index 11f875888..5fc5fe225 100644
--- a/pkg/controller/worker.go
+++ b/pkg/controller/worker.go
@@ -2551,43 +2551,46 @@ func (ctlr *Controller) processLBServices(
 	isSVCDeleted bool,
 ) error {
 
-	ipamLabel, ok := svc.Annotations[LBServiceIPAMLabelAnnotation]
-	if !ok {
-		log.Debugf("Service %v/%v does not have annotation %v, continuing.",
+	ip, ok1 := svc.Annotations[LBServiceIPAnnotation]
+	ipamLabel, ok2 := svc.Annotations[LBServiceIPAMLabelAnnotation]
+	if !ok1 && !ok2 {
+		log.Debugf("Service %v/%v does not have either of annotation: %v, annotation:%v, continuing.",
 			svc.Namespace,
 			svc.Name,
 			LBServiceIPAMLabelAnnotation,
+			LBServiceIPAnnotation,
 		)
 		return nil
 	}
-	if ctlr.ipamCli == nil {
-		warning := "[IPAM] IPAM is not enabled, Unable to process Services of Type LoadBalancer"
-		log.Warningf(warning)
-		prometheus.ConfigurationWarnings.WithLabelValues(Service, svc.ObjectMeta.Namespace, svc.ObjectMeta.Name, warning).Set(1)
-		return nil
-	}
-	prometheus.ConfigurationWarnings.WithLabelValues(Service, svc.ObjectMeta.Namespace, svc.ObjectMeta.Name, "").Set(0)
-	svcKey := svc.Namespace + "/" + svc.Name + "_svc"
-	var ip string
-	var status int
-	if isSVCDeleted {
-		ip = ctlr.releaseIP(ipamLabel, "", svcKey)
-	} else {
-		ip, status = ctlr.requestIP(ipamLabel, "", svcKey)
-
-		switch status {
-		case NotEnabled:
-			log.Debug("[IPAM] IPAM Custom Resource Not Available")
-			return nil
-		case InvalidInput:
-			log.Debugf("[IPAM] IPAM Invalid IPAM Label: %v for service: %s/%s", ipamLabel, svc.Namespace, svc.Name)
-			return nil
-		case NotRequested:
-			return fmt.Errorf("[IPAM] unable to make IPAM Request, will be re-requested soon")
-		case Requested:
-			log.Debugf("[IPAM] IP address requested for service: %s/%s", svc.Namespace, svc.Name)
+	if !ok1 {
+		if ctlr.ipamCli == nil {
+			warning := "[IPAM] IPAM is not enabled, Unable to process Services of Type LoadBalancer"
+			log.Warningf(warning)
+			prometheus.ConfigurationWarnings.WithLabelValues(Service, svc.ObjectMeta.Namespace, svc.ObjectMeta.Name, warning).Set(1)
 			return nil
 		}
+		prometheus.ConfigurationWarnings.WithLabelValues(Service, svc.ObjectMeta.Namespace, svc.ObjectMeta.Name, "").Set(0)
+		svcKey := svc.Namespace + "/" + svc.Name + "_svc"
+		var status int
+		if isSVCDeleted {
+			ip = ctlr.releaseIP(ipamLabel, "", svcKey)
+		} else {
+			ip, status = ctlr.requestIP(ipamLabel, "", svcKey)
+
+			switch status {
+			case NotEnabled:
+				log.Debug("[IPAM] IPAM Custom Resource Not Available")
+				return nil
+			case InvalidInput:
+				log.Debugf("[IPAM] IPAM Invalid IPAM Label: %v for service: %s/%s", ipamLabel, svc.Namespace, svc.Name)
+				return nil
+			case NotRequested:
+				return fmt.Errorf("[IPAM] unable to make IPAM Request, will be re-requested soon")
+			case Requested:
+				log.Debugf("[IPAM] IP address requested for service: %s/%s", svc.Namespace, svc.Name)
+				return nil
+			}
+		}
 	}
 
 	if !isSVCDeleted {