diff --git a/Makefile b/Makefile
index 01b97e9..a7fdaa5 100644
--- a/Makefile
+++ b/Makefile
@@ -15,8 +15,8 @@
 # NOTE: The version for both `imageswap-init` and `imageswap` should be identical for now.
 # Some effort will need to be put in to be able to distringuish changes to one vs. the other
 # in CI/Release steps.
-IMAGESWAP_VERSION := v1.5.3
-IMAGESWAP_INIT_VERSION := v1.5.3
+IMAGESWAP_VERSION := v1.5.4
+IMAGESWAP_INIT_VERSION := v1.5.4
 
 REPO_ROOT := $(CURDIR)
 APP_NAME ?= "imageswap.py"
diff --git a/app/imageswap/imageswap.py b/app/imageswap/imageswap.py
index 3976cab..0249622 100755
--- a/app/imageswap/imageswap.py
+++ b/app/imageswap/imageswap.py
@@ -274,6 +274,12 @@ def swap_image(container_spec):
     no_registry = False
     library_image = False
 
+    # special case when the image is a library image but also has docker.io
+    # example: 'docker.io/alpine:latest'
+    if image_split[0] == "docker.io" and "/" not in image_split[2]:
+        image = image.replace("docker.io/", "")
+        image_split = image.partition("/")
+
     # Check if first section is a Registry URL
     if "." in image_split[0] and image_split[1] != "" and image_split[2] != "":
         image_registry = image_split[0]