diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9d6c2af..3b61ab8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,10 +5,13 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [1.17.13-alpha] - unreleased
+## [2.0.0-alpha] - unreleased
 
 This is an alpha version! The changes listed here are not final.
 
+### Changed
+- The package now requires PHP >= 7.0.
+
 ## [1.17.12] - 2023-11-14
 ### Changed
 - Updated package dependencies. [#34093]
@@ -514,7 +517,7 @@ This is an alpha version! The changes listed here are not final.
 
 - Add API endpoints and Jetpack Backup package for managing Help…
 
-[1.17.13-alpha]: https://github.com/Automattic/jetpack-backup/compare/v1.17.12...v1.17.13-alpha
+[2.0.0-alpha]: https://github.com/Automattic/jetpack-backup/compare/v1.17.12...v2.0.0-alpha
 [1.17.12]: https://github.com/Automattic/jetpack-backup/compare/v1.17.11...v1.17.12
 [1.17.11]: https://github.com/Automattic/jetpack-backup/compare/v1.17.10...v1.17.11
 [1.17.10]: https://github.com/Automattic/jetpack-backup/compare/v1.17.9...v1.17.10
diff --git a/composer.json b/composer.json
index 6066b33..e9e670c 100644
--- a/composer.json
+++ b/composer.json
@@ -4,15 +4,16 @@
 	"type": "jetpack-library",
 	"license": "GPL-2.0-or-later",
 	"require": {
-		"automattic/jetpack-assets": "^1.18.16-alpha",
-		"automattic/jetpack-admin-ui": "^0.2.26-alpha",
-		"automattic/jetpack-autoloader": "^2.12.0",
-		"automattic/jetpack-composer-plugin": "^1.1.14",
-		"automattic/jetpack-config": "^1.15.4",
-		"automattic/jetpack-connection": "^1.60.2-alpha",
-		"automattic/jetpack-identity-crisis": "^0.11.4-alpha",
-		"automattic/jetpack-sync": "^1.60.1",
-		"automattic/jetpack-status": "^1.19.0"
+		"php": ">=7.0",
+		"automattic/jetpack-assets": "^2.0.0-alpha",
+		"automattic/jetpack-admin-ui": "^0.3.0-alpha",
+		"automattic/jetpack-autoloader": "^3.0.0-alpha",
+		"automattic/jetpack-composer-plugin": "^2.0.0-alpha",
+		"automattic/jetpack-config": "^2.0.0-alpha",
+		"automattic/jetpack-connection": "^2.0.0-alpha",
+		"automattic/jetpack-identity-crisis": "^0.12.0-alpha",
+		"automattic/jetpack-sync": "^2.0.0-alpha",
+		"automattic/jetpack-status": "^2.0.0-alpha"
 	},
 	"require-dev": {
 		"automattic/jetpack-changelogger": "^4.0.0-alpha",
@@ -66,7 +67,7 @@
 			"link-template": "https://github.com/Automattic/jetpack-backup/compare/v${old}...v${new}"
 		},
 		"branch-alias": {
-			"dev-trunk": "1.17.x-dev"
+			"dev-trunk": "2.0.x-dev"
 		}
 	},
 	"config": {
diff --git a/src/class-package-version.php b/src/class-package-version.php
index 7918930..ce69b4f 100644
--- a/src/class-package-version.php
+++ b/src/class-package-version.php
@@ -12,7 +12,7 @@
  */
 class Package_Version {
 
-	const PACKAGE_VERSION = '1.17.13-alpha';
+	const PACKAGE_VERSION = '2.0.0-alpha';
 
 	const PACKAGE_SLUG = 'backup';