diff --git a/go.mod b/go.mod
index e5b4619dae..f6eb00011f 100644
--- a/go.mod
+++ b/go.mod
@@ -41,7 +41,7 @@ require (
 	k8s.io/utils v0.0.0-20200603063816-c1c6865ac451
 	knative.dev/eventing v0.16.1-0.20200818065713-9f3fb3ffde17
 	knative.dev/pkg v0.0.0-20200812224206-44c860147a87
-	knative.dev/serving v0.16.1-0.20200817233613-1969dd126c66
+	knative.dev/serving v0.17.0
 	knative.dev/test-infra v0.0.0-20200813220834-388e55a496cf
 )
 
diff --git a/go.sum b/go.sum
index 4011c77d35..77364016a9 100644
--- a/go.sum
+++ b/go.sum
@@ -2006,8 +2006,8 @@ knative.dev/pkg v0.0.0-20200811165506-f6ed1766e8ee h1:2WJTEd8wANLXI1jXbWFePUUT0G
 knative.dev/pkg v0.0.0-20200811165506-f6ed1766e8ee/go.mod h1:udIbxBS/SJCL4sqnCG8HZArez9HjWmeqJCaVJP/h32I=
 knative.dev/pkg v0.0.0-20200812224206-44c860147a87 h1:argvd9DHJr2YeeV2pl1ogXPB3raIWnOqJivfBK/qsiM=
 knative.dev/pkg v0.0.0-20200812224206-44c860147a87/go.mod h1:udIbxBS/SJCL4sqnCG8HZArez9HjWmeqJCaVJP/h32I=
-knative.dev/serving v0.16.1-0.20200817233613-1969dd126c66 h1:tVWmLnBLIISpkyMXaTZN//L2moO+nnq5gG8KIkBxwD0=
-knative.dev/serving v0.16.1-0.20200817233613-1969dd126c66/go.mod h1:OSO+sfM0xgIhQ+aG6pmMY9SjYDOdghCkoJiAXDheun8=
+knative.dev/serving v0.17.0 h1:WA7pGmdytiUj23vop0v7KEZ3w0Wf7Bpci3sREIQ60yk=
+knative.dev/serving v0.17.0/go.mod h1:OSO+sfM0xgIhQ+aG6pmMY9SjYDOdghCkoJiAXDheun8=
 knative.dev/test-infra v0.0.0-20200407185800-1b88cb3b45a5/go.mod h1:xcdUkMJrLlBswIZqL5zCuBFOC22WIPMQoVX1L35i0vQ=
 knative.dev/test-infra v0.0.0-20200505052144-5ea2f705bb55/go.mod h1:WqF1Azka+FxPZ20keR2zCNtiQA1MP9ZB4BH4HuI+SIU=
 knative.dev/test-infra v0.0.0-20200513011557-d03429a76034/go.mod h1:aMif0KXL4g19YCYwsy4Ocjjz5xgPlseYV+B95Oo4JGE=
diff --git a/hack/update-deps.sh b/hack/update-deps.sh
index 9ca9e4012d..8c1d100d2f 100755
--- a/hack/update-deps.sh
+++ b/hack/update-deps.sh
@@ -24,15 +24,15 @@ source $(dirname $0)/../vendor/knative.dev/test-infra/scripts/library.sh
 
 cd ${REPO_ROOT_DIR}
 
-VERSION="master"
+VERSION="release-0.17"
 
 # The list of dependencies that we track at HEAD and periodically
 # float forward in this repository.
 FLOATING_DEPS=(
-  "knative.dev/pkg@release-0.17"
+  "knative.dev/pkg@${VERSION}"
   "knative.dev/eventing@${VERSION}"
   "knative.dev/serving@${VERSION}"
-  "knative.dev/test-infra@release-0.17"
+  "knative.dev/test-infra@${VERSION}"
 )
 
 # Parse flags to determine any we should pass to dep.
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 3ac7ff60cb..4e5b1d6422 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -1368,7 +1368,7 @@ knative.dev/pkg/webhook/resourcesemantics
 knative.dev/pkg/webhook/resourcesemantics/conversion
 knative.dev/pkg/webhook/resourcesemantics/defaulting
 knative.dev/pkg/webhook/resourcesemantics/validation
-# knative.dev/serving v0.16.1-0.20200817233613-1969dd126c66
+# knative.dev/serving v0.17.0
 ## explicit
 knative.dev/serving/pkg/apis/autoscaling
 knative.dev/serving/pkg/apis/autoscaling/v1alpha1