diff --git a/.gitignore b/.gitignore
index 2b4d563..41c87e5 100644
--- a/.gitignore
+++ b/.gitignore
@@ -43,3 +43,4 @@
 /packitos-0.37.0.tar.gz
 /packitos-0.38.0.tar.gz
 /packitos-0.39.0.tar.gz
+/packitos-0.40.0.tar.gz
diff --git a/README.packit b/README.packit
index 0f693ec..7dc1d02 100644
--- a/README.packit
+++ b/README.packit
@@ -1,3 +1,3 @@
 This repository is maintained by packit.
 https://packit.dev/
-The file was generated using packit 0.38.1.dev15+ga49247d.
+The file was generated using packit 0.39.1.dev13+g8f037f5.
diff --git a/packit.spec b/packit.spec
index c6067e0..4ef9ea7 100644
--- a/packit.spec
+++ b/packit.spec
@@ -2,7 +2,7 @@
 %global real_name packit
 
 Name:           %{real_name}
-Version:        0.39.0
+Version:        0.40.0
 Release:        1%{?dist}
 Summary:        A tool for integrating upstream projects with Fedora operating system
 
@@ -93,6 +93,12 @@ cp files/bash-completion/packit %{buildroot}%{_datadir}/bash-completion/completi
 %{python3_sitelib}/*
 
 %changelog
+* Wed Oct 27 2021 Packit Service <user-cont-team+packit-service@redhat.com> - 0.40.0-1
+- Packit will deduce the version for SRPM from the spec file, if there are no git tags or action for acquiring current version defined. (#1388)
+- We have introduced new options for generating SRPM packages: (#1396)
+  - `--no-bump` that prevents changing of the release in the SRPM, which can be used for creating SRPMs on checked out tags/releases.
+  - `--release-suffix` that allows you to customize the suffix after the release number, e.g. reference bugzilla or specific branch of the build.
+
 * Thu Oct 14 2021 Packit Service <user-cont-team+packit-service@redhat.com> - 0.39.0-1
 - Bug in Packit causing issues with local build when the branch was named with prefix rpm has been fixed. (#1380)
 - We have added a new option to Packit CLI when creating Bodhi updates, you can use `-b` or `--resolve-bugzillas` and specify IDs (separated by comma, e.g. `-b 1` or `-b 1,2,3`) of bugzillas that are being closed by the update. (#1383)
diff --git a/plans/main.fmf b/plans/main.fmf
index 6517a56..1f954a7 100644
--- a/plans/main.fmf
+++ b/plans/main.fmf
@@ -3,4 +3,4 @@ execute:
 discover:
     how: fmf
     url: https://github.com/packit/packit.git
-    ref: eef998e43b788fbea3518f0650534a20faebe881
+    ref: 2e331c510263d15b80a18a08b883341a5d4510b4
diff --git a/sources b/sources
index 118cbda..f564f85 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (packitos-0.39.0.tar.gz) = b3962e60567d10b74bcfb30cefd57bc7e0803cde66df3b15706c611ed4bea4d8a804c25bee5a6049e0ba8865b82d18a2e0777207f5310b4ae4f6fa7fd5ee7bb8
+SHA512 (packitos-0.40.0.tar.gz) = d4a4f03712f5abb0eb6cbfde7bce2598525b3c50670ab32d7b3500d0f70efc31d9c185db8b6072d4817b7c8b141b37257bc5699acd4403fa175825f1c98c8752