diff --git a/.ci/bump-version.sh b/.ci/bump-version.sh
deleted file mode 100755
index e3a1482..0000000
--- a/.ci/bump-version.sh
+++ /dev/null
@@ -1,13 +0,0 @@
-#!/usr/bin/env bash
-set -euxo pipefail
-
-AGENT_VERSION="${1?Missing the APM python agent version}"
-
-sed -ibck "s#elastic-apm==.*#elastic-apm==${AGENT_VERSION}#g" requirements.txt
-
-## Bump agent version in the Dockerfile
-sed -ibck "s#\(org.label-schema.version=\)\(\".*\"\)\(.*\)#\1\"${AGENT_VERSION}\"\3#g" Dockerfile
-
-# Commit changes
-git add requirements.txt Dockerfile
-git commit -m "Bump version ${AGENT_VERSION}"
diff --git a/.ci/bump-version.yml b/.ci/bump-version.yml
new file mode 100644
index 0000000..818335b
--- /dev/null
+++ b/.ci/bump-version.yml
@@ -0,0 +1,60 @@
+---
+## Workflow to periodically check if there is an available newer APM agent version, e.g.
+## "1.2.3". If so, then update to it.
+name: Bump elastic-apm to latest version
+
+title: Bump elastic-apm to latest version
+
+scms:
+  githubConfig:
+    kind: github
+    spec:
+      user: '{{ requiredEnv "GIT_USER" }}'
+      email: '{{ requiredEnv "GIT_EMAIL" }}'
+      owner: elastic
+      repository: opbeans-python
+      token: '{{ requiredEnv "GITHUB_TOKEN" }}'
+      username: '{{ requiredEnv "GIT_USER" }}'
+      branch: main
+
+actions:
+  opbeans-python:
+    kind: github/pullrequest
+    scmid: githubConfig
+    spec:
+      automerge: false
+      labels:
+        - dependencies
+
+sources:
+  elastic-apm-agent-python:
+    kind: githubrelease
+    spec:
+      owner: elastic
+      repository: apm-agent-python
+      token: '{{ requiredEnv "GITHUB_TOKEN" }}'
+      username: '{{ requiredEnv "GIT_USER" }}'
+      versionfilter:
+        kind: semver
+    transformers:
+      - trimprefix: "v"
+
+targets:
+  dockerfile:
+    name: Set org.label-schema.version in Dockerfile
+    sourceid: elastic-apm-agent-python
+    scmid: githubConfig
+    kind: file
+    spec:
+      file: Dockerfile
+      matchpattern: 'org\.label-schema\.version="(\d+.\d+.\d+)"'
+      replacepattern: org.label-schema.version="{{ source `elastic-apm-agent-python` }}"
+  requirements_txt:
+    name: Install new elastic-apm pip dependency version
+    sourceid: elastic-apm-agent-python
+    scmid: githubConfig
+    kind: file
+    spec:
+      file: requirements.txt
+      matchpattern: 'elastic-apm==(\d+.\d+.\d+)'
+      replacepattern: elastic-apm=={{ source `elastic-apm-agent-python` }}
diff --git a/.github/workflows/bump-version.yml b/.github/workflows/bump-version.yml
new file mode 100644
index 0000000..e5cf1ca
--- /dev/null
+++ b/.github/workflows/bump-version.yml
@@ -0,0 +1,25 @@
+---
+## Workflow to periodically check if there is an available newer APM agent version, e.g. "1.2.3".
+name: Bump version
+
+on:
+  schedule:
+    - cron:  '0 20 * * 6'
+
+permissions:
+  pull-requests: write
+  contents: write
+
+jobs:
+  bump:
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@v3
+      - name: Setup Git
+        uses: elastic/apm-pipeline-library/.github/actions/setup-git@current
+      - name: Install Updatecli in the runner
+        uses: updatecli/updatecli-action@453502948b442d7b9a923de7b40cc7ce8628505c
+      - name: Run Updatecli
+        env:
+          GITHUB_TOKEN: ${{ github.token }}
+        run: updatecli apply --config ./.ci/bump-version.yml
diff --git a/.github/workflows/create-tag.yml b/.github/workflows/create-tag.yml
new file mode 100644
index 0000000..5880882
--- /dev/null
+++ b/.github/workflows/create-tag.yml
@@ -0,0 +1,29 @@
+---
+# Takes the version of elastic-apm in the requirements.txt file and creates a tag
+# if the tag does not exist yet.
+name: create-tag
+
+on:
+  push:
+    branches:
+      - main
+    paths:
+      - requirements.txt
+
+permissions:
+  contents: write
+
+jobs:
+  tag:
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@v3
+        with:
+          fetch-depth: 0 # also fetch tags
+      - run: |
+          ELASTIC_APM_VERSION="v$(cat requirements.txt | grep "elastic-apm==" | awk 'BEGIN { FS = "==" }; { print $2 }')"
+          # if the tag does not exist
+          if [[ ! $(git tag -l "${ELASTIC_APM_VERSION}") ]]; then
+            git tag ${ELASTIC_APM_VERSION}
+            git push origin "refs/tags/${ELASTIC_APM_VERSION}"
+          fi
diff --git a/.github/workflows/opentelemetry.yml b/.github/workflows/opentelemetry.yml
index 6a4dd89..0fb132c 100644
--- a/.github/workflows/opentelemetry.yml
+++ b/.github/workflows/opentelemetry.yml
@@ -7,6 +7,8 @@ on:
       - test
       - test-reporter
       - release
+      - create-tag
+      - bump-version
     types: [completed]
 
 jobs: