diff --git a/stable/envoy/Chart.yaml b/stable/envoy/Chart.yaml
index be144a74a6..3b575282ee 100755
--- a/stable/envoy/Chart.yaml
+++ b/stable/envoy/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
 description: Envoy is an open source edge and service proxy, designed for cloud-native applications.
 name: envoy
-version: 1.6.0
-appVersion: 1.11.1
+version: 1.7.0
+appVersion: 1.11.2
 keywords:
 - envoy
 - proxy
diff --git a/stable/envoy/README.md b/stable/envoy/README.md
index 6b75e5194c..2f1cc00c72 100644
--- a/stable/envoy/README.md
+++ b/stable/envoy/README.md
@@ -36,6 +36,8 @@ Parameter | Description | Default
 `serviceMonitor.interval` | Interval that Prometheus scrapes Envoy metrics | `15s`
 `serviceMonitor.namespace` | Namespace which the operated Prometheus is running in | ``
 `serviceMonitor.additionalLabels` | Labels used by Prometheus Operator to discover your Service Monitor. Set according to your Prometheus setup | `{}`
+`serviceMonitor.targetLabels` |  Labels to transfer from service onto the target | `[]`    
+`serviceMonitor.podTargetLabels`       | Labels to transfor from pod onto the target         | `[]`
 `prometheusRule.enabled` | If `true`, creates a Prometheus Operator PrometheusRule | `false`
 `prometheusRule.groups` | Prometheus alerting rules | `{}`
 `prometheusRule.additionalLabels` | Labels used by Prometheus Operator to discover your Prometheus Rule | `{}`| `volumes` | Additional volumes to be added to Envoy pods
@@ -44,3 +46,6 @@ Parameter | Description | Default
 `sidecarContainersTemplate` | Golang template of additional containers added after the primary container of Envoy pods | ``
 
 All other user-configurable settings, default values and some commentary about them can be found in [values.yaml](values.yaml).
+
+| `serviceMonitor.targetLabels`          | Labels to transfer from service onto the target     | `[]`                               |
+| `serviceMonitor.podTargetLabels`       | Labels to transfor from pod onto the target         | `[]`                               |
diff --git a/stable/envoy/templates/servicemonitor.yaml b/stable/envoy/templates/servicemonitor.yaml
index 43235bea22..4e0f4dadfc 100644
--- a/stable/envoy/templates/servicemonitor.yaml
+++ b/stable/envoy/templates/servicemonitor.yaml
@@ -27,4 +27,12 @@ spec:
     matchLabels:
       app: {{ template "envoy.name" . }}
       release: {{ .Release.Name }}
-{{- end }} 
+  {{- with .Values.serviceMonitor.targetLabels }}
+  targetLabels:
+{{ toYaml . | trim | indent 4 -}}
+  {{- end }}
+  {{- with .Values.serviceMonitor.podTargetLabels }}
+  podTargetLabels:
+{{ toYaml . | trim | indent 4 -}}
+  {{- end }}
+{{- end }}
diff --git a/stable/envoy/values.yaml b/stable/envoy/values.yaml
index bb40e62586..9b377e3491 100644
--- a/stable/envoy/values.yaml
+++ b/stable/envoy/values.yaml
@@ -293,6 +293,8 @@ serviceMonitor:
   ## If the operator is installed in your cluster, set to true to create a Service Monitor Entry
   enabled: false
   interval: "15s"
+  targetLabels: []
+  podTargetLabels: []
   ## Namespace in which the service monitor is created
   # namespace: monitoring
   # Added to the ServiceMonitor object so that prometheus-operator is able to discover it