diff --git a/docs/deprecations.md b/docs/deprecations.md
index d6e78ec0c16..9a5170bfb64 100644
--- a/docs/deprecations.md
+++ b/docs/deprecations.md
@@ -23,4 +23,5 @@ being deprecated.
 | [The `PipelineRun.Status.TaskRuns` and `PipelineRun.Status.Runs` fields are deprecated and will be removed.](https://github.com/tektoncd/community/blob/main/teps/0100-embedded-taskruns-and-runs-status-in-pipelineruns.md) | v0.35.0                                                              | Beta                                                                                                   | Jan 25, 2023                        |
 | [PipelineRun.Timeout is deprecated and will be removed](https://github.com/tektoncd/community/blob/main/teps/0046-finallytask-execution-post-timeout.md)                                                                     | v0.36.0                                                              | Beta                                                                                                   | Feb 25, 2023                        |
 | [Several fields of Task.Step are deprecated](https://github.com/tektoncd/pipeline/issues/4737)                                                                                                                               | v0.36.0                                                              | Beta                                                                                                   | Feb 25, 2023                        |
-| [ClusterTask is deprecated](https://github.com/tektoncd/pipeline/issues/4476)                                                                                                                               | v0.41.0                                                              | Beta                                                                                                   | July 13, 2023                        |
+| [ClusterTask is deprecated](https://github.com/tektoncd/pipeline/issues/4476)                                                                                                                                                | v0.41.0                                                              | Beta                                                                                                   | July 13, 2023                       |
+| [`pipelineRef.bundle` and `taskRef.bundle` are deprecated](https://github.com/tektoncd/pipeline/issues/5514)                                                                                                                 | v0.41.0                                                              | Alpha                                                                                                  | July 13, 2023                       |
diff --git a/docs/pipeline-api.md b/docs/pipeline-api.md
index ff445cbb1fd..3867d2b23d8 100644
--- a/docs/pipeline-api.md
+++ b/docs/pipeline-api.md
@@ -6753,7 +6753,7 @@ Resource Types:
 <div>
 <p>ClusterTask is a Task with a cluster scope. ClusterTasks are used to
 represent Tasks that should be publicly addressable from any namespace in the
-cluster.</p>
+cluster. Deprecated: Please use the cluster resolver instead.</p>
 </div>
 <table>
 <thead>
@@ -8954,7 +8954,8 @@ string
 </td>
 <td>
 <em>(Optional)</em>
-<p>Bundle url reference to a Tekton Bundle.</p>
+<p>Bundle url reference to a Tekton Bundle.
+Deprecated: Please use ResolverRef with the bundles resolver instead.</p>
 </td>
 </tr>
 <tr>
@@ -12218,7 +12219,8 @@ string
 </td>
 <td>
 <em>(Optional)</em>
-<p>Bundle url reference to a Tekton Bundle.</p>
+<p>Bundle url reference to a Tekton Bundle.
+Deprecated: Please use ResolverRef with the bundles resolver instead.</p>
 </td>
 </tr>
 <tr>
diff --git a/pkg/apis/pipeline/v1beta1/openapi_generated.go b/pkg/apis/pipeline/v1beta1/openapi_generated.go
index 7942b282d83..10ee016640b 100644
--- a/pkg/apis/pipeline/v1beta1/openapi_generated.go
+++ b/pkg/apis/pipeline/v1beta1/openapi_generated.go
@@ -1469,7 +1469,7 @@ func schema_pkg_apis_pipeline_v1beta1_PipelineRef(ref common.ReferenceCallback)
 					},
 					"bundle": {
 						SchemaProps: spec.SchemaProps{
-							Description: "Bundle url reference to a Tekton Bundle.",
+							Description: "Bundle url reference to a Tekton Bundle. Deprecated: Please use ResolverRef with the bundles resolver instead.",
 							Type:        []string{"string"},
 							Format:      "",
 						},
@@ -4173,7 +4173,7 @@ func schema_pkg_apis_pipeline_v1beta1_TaskRef(ref common.ReferenceCallback) comm
 					},
 					"bundle": {
 						SchemaProps: spec.SchemaProps{
-							Description: "Bundle url reference to a Tekton Bundle.",
+							Description: "Bundle url reference to a Tekton Bundle. Deprecated: Please use ResolverRef with the bundles resolver instead.",
 							Type:        []string{"string"},
 							Format:      "",
 						},
diff --git a/pkg/apis/pipeline/v1beta1/pipelineref_types.go b/pkg/apis/pipeline/v1beta1/pipelineref_types.go
index 17bd57428cc..efb6f13cd3d 100644
--- a/pkg/apis/pipeline/v1beta1/pipelineref_types.go
+++ b/pkg/apis/pipeline/v1beta1/pipelineref_types.go
@@ -24,6 +24,7 @@ type PipelineRef struct {
 	// +optional
 	APIVersion string `json:"apiVersion,omitempty"`
 	// Bundle url reference to a Tekton Bundle.
+	// Deprecated: Please use ResolverRef with the bundles resolver instead.
 	// +optional
 	Bundle string `json:"bundle,omitempty"`
 
diff --git a/pkg/apis/pipeline/v1beta1/swagger.json b/pkg/apis/pipeline/v1beta1/swagger.json
index e8e2a6e82fb..1f451832821 100644
--- a/pkg/apis/pipeline/v1beta1/swagger.json
+++ b/pkg/apis/pipeline/v1beta1/swagger.json
@@ -887,7 +887,7 @@
           "type": "string"
         },
         "bundle": {
-          "description": "Bundle url reference to a Tekton Bundle.",
+          "description": "Bundle url reference to a Tekton Bundle. Deprecated: Please use ResolverRef with the bundles resolver instead.",
           "type": "string"
         },
         "name": {
@@ -2469,7 +2469,7 @@
           "type": "string"
         },
         "bundle": {
-          "description": "Bundle url reference to a Tekton Bundle.",
+          "description": "Bundle url reference to a Tekton Bundle. Deprecated: Please use ResolverRef with the bundles resolver instead.",
           "type": "string"
         },
         "kind": {
diff --git a/pkg/apis/pipeline/v1beta1/taskref_types.go b/pkg/apis/pipeline/v1beta1/taskref_types.go
index 07aeb436d79..49f9ff66ea9 100644
--- a/pkg/apis/pipeline/v1beta1/taskref_types.go
+++ b/pkg/apis/pipeline/v1beta1/taskref_types.go
@@ -26,6 +26,7 @@ type TaskRef struct {
 	// +optional
 	APIVersion string `json:"apiVersion,omitempty"`
 	// Bundle url reference to a Tekton Bundle.
+	// Deprecated: Please use ResolverRef with the bundles resolver instead.
 	// +optional
 	Bundle string `json:"bundle,omitempty"`