diff --git a/src/System.Management.Automation/engine/PSVersionInfo.cs b/src/System.Management.Automation/engine/PSVersionInfo.cs
index 009f6704fa..ec78842da1 100644
--- a/src/System.Management.Automation/engine/PSVersionInfo.cs
+++ b/src/System.Management.Automation/engine/PSVersionInfo.cs
@@ -76,6 +76,7 @@ namespace System.Management.Automation
         private static readonly Version s_psV7Version = new(7, 0, 0);
         private static readonly Version s_psV71Version = new(7, 1, 0);
         private static readonly Version s_psV72Version = new(7, 2, 0);
+        private static readonly Version s_psV73Version = new(7, 3, 0);
         private static readonly Version s_psVersion;
         private static readonly SemanticVersion s_psSemVersion;
 
@@ -97,7 +98,7 @@ namespace System.Management.Automation
             s_psVersionTable[PSVersionName] = s_psSemVersion;
             s_psVersionTable[PSEditionName] = PSEditionValue;
             s_psVersionTable[PSGitCommitIdName] = GitCommitId;
-            s_psVersionTable[PSCompatibleVersionsName] = new Version[] { s_psV1Version, s_psV2Version, s_psV3Version, s_psV4Version, s_psV5Version, s_psV51Version, s_psV6Version, s_psV61Version, s_psV62Version, s_psV7Version, s_psV71Version, s_psV72Version, s_psVersion };
+            s_psVersionTable[PSCompatibleVersionsName] = new Version[] { s_psV1Version, s_psV2Version, s_psV3Version, s_psV4Version, s_psV5Version, s_psV51Version, s_psV6Version, s_psV61Version, s_psV62Version, s_psV7Version, s_psV71Version, s_psV72Version, s_psV73Version, s_psVersion };
             s_psVersionTable[SerializationVersionName] = new Version(InternalSerializer.DefaultVersion);
             s_psVersionTable[PSRemotingProtocolVersionName] = RemotingConstants.ProtocolVersion;
             s_psVersionTable[WSManStackVersionName] = GetWSManStackVersion();
diff --git a/test/powershell/Host/PSVersionTable.Tests.ps1 b/test/powershell/Host/PSVersionTable.Tests.ps1
index 3f6ccfcd8b..173239fe9d 100644
--- a/test/powershell/Host/PSVersionTable.Tests.ps1
+++ b/test/powershell/Host/PSVersionTable.Tests.ps1
@@ -23,7 +23,7 @@ Describe "PSVersionTable" -Tags "CI" {
             $unexpectectGitCommitIdPattern = $fullVersionPattern
         }
 
-        $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1", "7.2", "7.3"
+        $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1", "7.2", "7.3", "7.4"
         $powerShellCompatibleVersions = $PSVersionTable.PSCompatibleVersions |
             ForEach-Object {$_.ToString(2).SubString(0,3)}
     }
diff --git a/test/powershell/Language/Scripting/Requires.Tests.ps1 b/test/powershell/Language/Scripting/Requires.Tests.ps1
index 4675a9ce86..30dd73451c 100644
--- a/test/powershell/Language/Scripting/Requires.Tests.ps1
+++ b/test/powershell/Language/Scripting/Requires.Tests.ps1
@@ -41,7 +41,7 @@ Describe "Requires tests" -Tags "CI" {
         BeforeAll {
             $currentVersion = $PSVersionTable.PSVersion
 
-            $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1", "7.2", "7.3"
+            $powerShellVersions = "1.0", "2.0", "3.0", "4.0", "5.0", "5.1", "6.0", "6.1", "6.2", "7.0", "7.1", "7.2", "7.3", "7.4"
             $latestVersion = [version]($powerShellVersions | Sort-Object -Descending -Top 1)
             $nonExistingMinor = "$($latestVersion.Major).$($latestVersion.Minor + 1)"
             $nonExistingMajor = "$($latestVersion.Major + 1).0"
diff --git a/tools/metadata.json b/tools/metadata.json
index bf3fddb126..23698dda34 100644
--- a/tools/metadata.json
+++ b/tools/metadata.json
@@ -4,7 +4,7 @@
   "ServicingReleaseTag": "v7.0.13",
   "ReleaseTag": "v7.3.1",
   "LTSReleaseTag" : ["v7.2.8", "v7.0.13"],
-  "NextReleaseTag": "v7.3.0-preview.9",
+  "NextReleaseTag": "v7.4.0-preview.1",
   "LTSRelease": { "Latest": false, "Package": false },
   "StableRelease":  { "Latest": false, "Package": false }
 }