diff --git a/docs/input/docs/commands/label.md b/docs/input/docs/commands/label.md
index c06db1ba..5d11d788 100644
--- a/docs/input/docs/commands/label.md
+++ b/docs/input/docs/commands/label.md
@@ -8,14 +8,15 @@ default labels, so that you can have some consistency across your various
 projects.  While GitHub, and other Source Control systems provide a set of
 default labels, they are not always exactly what you want.  This command will
 remove all the current labels configured within a repository, and create a new
-set of them.
+set of them. However, if RenameFrom is specified in the label configuration, the 
+label can be renamed instead of being deleted and recreated.
 
 :::{.alert .alert-info}
 **NOTE:**
 
-The available list of labels that are created is currently hard-coded into
-GitReleaseManager, it is not possible to configure them.  This will come in a
-later version.
+The available list of labels that are created by default is currently hard-coded into
+GitReleaseManager, it is possible to configure them by overriding the list.  See
+[Default Configuration](../configuration/default-configuration.md) for more details.
 :::
 
 ## **Required Parameters**
diff --git a/src/GitReleaseManager.Core.Tests/Commands/LabelCommandTests.cs b/src/GitReleaseManager.Core.Tests/Commands/LabelCommandTests.cs
index 1762d911..816f6b29 100644
--- a/src/GitReleaseManager.Core.Tests/Commands/LabelCommandTests.cs
+++ b/src/GitReleaseManager.Core.Tests/Commands/LabelCommandTests.cs
@@ -32,13 +32,13 @@ public async Task Should_Execute_Command()
                 RepositoryName = "repository",
             };
 
-            _vcsService.CreateLabelsAsync(options.RepositoryOwner, options.RepositoryName)
+            _vcsService.CreateOrUpdateLabelsAsync(options.RepositoryOwner, options.RepositoryName)
                 .Returns(Task.CompletedTask);
 
             var result = await _command.Execute(options).ConfigureAwait(false);
             result.ShouldBe(0);
 
-            await _vcsService.Received(1).CreateLabelsAsync(options.RepositoryOwner, options.RepositoryName).ConfigureAwait(false);
+            await _vcsService.Received(1).CreateOrUpdateLabelsAsync(options.RepositoryOwner, options.RepositoryName).ConfigureAwait(false);
             _logger.Received(1).Information(Arg.Any<string>());
         }
     }
diff --git a/src/GitReleaseManager.Core.Tests/VcsServiceTests.cs b/src/GitReleaseManager.Core.Tests/VcsServiceTests.cs
index 09889a8f..0f6af426 100644
--- a/src/GitReleaseManager.Core.Tests/VcsServiceTests.cs
+++ b/src/GitReleaseManager.Core.Tests/VcsServiceTests.cs
@@ -211,7 +211,7 @@ public async Task Should_Create_Labels()
             _vcsProvider.CreateLabelAsync(OWNER, REPOSITORY, Arg.Any<Label>())
                 .Returns(Task.CompletedTask);
 
-            await _vcsService.CreateLabelsAsync(OWNER, REPOSITORY).ConfigureAwait(false);
+            await _vcsService.CreateOrUpdateLabelsAsync(OWNER, REPOSITORY).ConfigureAwait(false);
 
             await _vcsProvider.Received(1).GetLabelsAsync(OWNER, REPOSITORY).ConfigureAwait(false);
             await _vcsProvider.Received(labels.Count).DeleteLabelAsync(OWNER, REPOSITORY, Arg.Any<string>()).ConfigureAwait(false);
@@ -227,7 +227,7 @@ public async Task Should_Log_An_Warning_When_Labels_Not_Configured()
         {
             _configuration.Labels.Clear();
 
-            await _vcsService.CreateLabelsAsync(OWNER, REPOSITORY).ConfigureAwait(false);
+            await _vcsService.CreateOrUpdateLabelsAsync(OWNER, REPOSITORY).ConfigureAwait(false);
 
             _logger.Received(1).Warning(Arg.Any<string>());
         }
diff --git a/src/GitReleaseManager.Core/Commands/LabelCommand.cs b/src/GitReleaseManager.Core/Commands/LabelCommand.cs
index 70e41a51..3dedb354 100644
--- a/src/GitReleaseManager.Core/Commands/LabelCommand.cs
+++ b/src/GitReleaseManager.Core/Commands/LabelCommand.cs
@@ -18,7 +18,7 @@ public LabelCommand(IVcsService vcsService, ILogger logger)
         public async Task<int> Execute(LabelSubOptions options)
         {
             _logger.Information("Creating standard labels");
-            await _vcsService.CreateLabelsAsync(options.RepositoryOwner, options.RepositoryName).ConfigureAwait(false);
+            await _vcsService.CreateOrUpdateLabelsAsync(options.RepositoryOwner, options.RepositoryName).ConfigureAwait(false);
 
             return 0;
         }
diff --git a/src/GitReleaseManager.Core/Configuration/LabelConfig.cs b/src/GitReleaseManager.Core/Configuration/LabelConfig.cs
index adddd445..8d72faba 100644
--- a/src/GitReleaseManager.Core/Configuration/LabelConfig.cs
+++ b/src/GitReleaseManager.Core/Configuration/LabelConfig.cs
@@ -4,13 +4,12 @@ namespace GitReleaseManager.Core.Configuration
 {
     public class LabelConfig
     {
-        [YamlMember(Alias = "name")]
-        public string Name { get; set; }
+        [YamlMember(Alias = "name")] public string Name { get; set; }
 
-        [YamlMember(Alias = "description")]
-        public string Description { get; set; }
+        [YamlMember(Alias = "description")] public string Description { get; set; }
 
-        [YamlMember(Alias = "color")]
-        public string Color { get; set; }
+        [YamlMember(Alias = "color")] public string Color { get; set; }
+
+        [YamlMember(Alias = "renameFrom")] public string RenameFrom { get; set; }
     }
 }
\ No newline at end of file
diff --git a/src/GitReleaseManager.Core/IVcsService.cs b/src/GitReleaseManager.Core/IVcsService.cs
index b07b98b7..ce9e39c3 100644
--- a/src/GitReleaseManager.Core/IVcsService.cs
+++ b/src/GitReleaseManager.Core/IVcsService.cs
@@ -24,6 +24,6 @@ public interface IVcsService
 
         Task PublishReleaseAsync(string owner, string repository, string tagName);
 
-        Task CreateLabelsAsync(string owner, string repository);
+        Task CreateOrUpdateLabelsAsync(string owner, string repository);
     }
 }
\ No newline at end of file
diff --git a/src/GitReleaseManager.Core/Provider/GitHubProvider.cs b/src/GitReleaseManager.Core/Provider/GitHubProvider.cs
index 2d7fa125..311e65b7 100644
--- a/src/GitReleaseManager.Core/Provider/GitHubProvider.cs
+++ b/src/GitReleaseManager.Core/Provider/GitHubProvider.cs
@@ -152,6 +152,16 @@ public Task CreateLabelAsync(string owner, string repository, Label label)
             });
         }
 
+        public Task UpdateLabelAsync(string owner, string repository, string originalName, Label label)
+        {
+            return ExecuteAsync(async () =>
+            {
+                var updatedLabel = _mapper.Map<LabelUpdate>(label);
+
+                await _gitHubClient.Issue.Labels.Update(owner, repository, originalName, updatedLabel);
+            });
+        }
+
         public Task DeleteLabelAsync(string owner, string repository, string labelName)
         {
             return ExecuteAsync(async () =>
diff --git a/src/GitReleaseManager.Core/Provider/IVcsProvider.cs b/src/GitReleaseManager.Core/Provider/IVcsProvider.cs
index b93e4f12..7a2feca8 100644
--- a/src/GitReleaseManager.Core/Provider/IVcsProvider.cs
+++ b/src/GitReleaseManager.Core/Provider/IVcsProvider.cs
@@ -21,6 +21,8 @@ public interface IVcsProvider
         Task<IEnumerable<IssueComment>> GetIssueCommentsAsync(string owner, string repository, int issueNumber);
 
         Task CreateLabelAsync(string owner, string repository, Label label);
+        
+        Task UpdateLabelAsync(string owner, string repository, string existingLabelName,Label label);
 
         Task DeleteLabelAsync(string owner, string repository, string labelName);
 
diff --git a/src/GitReleaseManager.Core/VcsService.cs b/src/GitReleaseManager.Core/VcsService.cs
index 8d7a6f46..b044f5e8 100644
--- a/src/GitReleaseManager.Core/VcsService.cs
+++ b/src/GitReleaseManager.Core/VcsService.cs
@@ -290,33 +290,65 @@ public async Task PublishReleaseAsync(string owner, string repository, string ta
             }
         }
 
-        public async Task CreateLabelsAsync(string owner, string repository)
+        public async Task CreateOrUpdateLabelsAsync(string owner, string repository)
         {
             if (_configuration.Labels.Any())
             {
                 var newLabels = new List<Label>();
+                var updatedLabels = new List<Tuple<string, Label>>();
 
+                _logger.Verbose("Grabbing all existing labels on '{Owner}/{Repository}'", owner, repository);
+                var existingLabels = await _vcsProvider.GetLabelsAsync(owner, repository).ConfigureAwait(false);
+
+                IEnumerable<Label> existingLabelsEnumerable = existingLabels as Label[] ?? existingLabels.ToArray();
                 foreach (var label in _configuration.Labels)
                 {
-                    newLabels.Add(new Label
+                    var newLabel = new Label
                     {
                         Name = label.Name,
                         Color = label.Color,
                         Description = label.Description,
-                    });
-                }
+                    };
 
-                _logger.Verbose("Grabbing all existing labels on '{Owner}/{Repository}'", owner, repository);
-                var labels = await _vcsProvider.GetLabelsAsync(owner, repository).ConfigureAwait(false);
+                    // Labels that don't exist yet will be created, otherwise they will be updated given RenameFrom matches an existing label
+                    if (!string.IsNullOrEmpty(label.RenameFrom) &&
+                        existingLabelsEnumerable.Any(el => el.Name == label.RenameFrom))
+                    {
+                        updatedLabels.Add(new Tuple<string, Label>(label.RenameFrom, newLabel));
+                    }
+                    else
+                    {
+                        if (!string.IsNullOrEmpty(label.RenameFrom))
+                        {
+                            _logger.Warning(
+                                "Label '{RenameFrom}' does not exist, creating new label '{Name}' instead",
+                                label.RenameFrom, label.Name);
+                        }
 
+                        newLabels.Add(newLabel);
+                    }
+                }
+
+                // Process labels to delete
+                var deletedLabels = existingLabelsEnumerable.Where(el => updatedLabels.All(n => n.Item1 != el.Name))
+                    .ToList();
                 _logger.Verbose("Removing existing labels");
-                _logger.Debug("{@Labels}", labels);
-                var deleteLabelsTasks = labels.Select(label => _vcsProvider.DeleteLabelAsync(owner, repository, label.Name));
+                _logger.Debug("{@Labels}", deletedLabels);
+                var deleteLabelsTasks =
+                    deletedLabels.Select(label => _vcsProvider.DeleteLabelAsync(owner, repository, label.Name));
                 await Task.WhenAll(deleteLabelsTasks).ConfigureAwait(false);
 
+                // Update labels which have a RenameFrom that can be found in the existing labels
+                _logger.Verbose("Updating existing labels");
+                _logger.Debug("{@Labels}", updatedLabels);
+                var updateLabelsTasks = updatedLabels.Select(label =>
+                    _vcsProvider.UpdateLabelAsync(owner, repository, label.Item1, label.Item2));
+                await Task.WhenAll(updateLabelsTasks).ConfigureAwait(false);
+
                 _logger.Verbose("Creating new standard labels");
                 _logger.Debug("{@Labels}", newLabels);
-                var createLabelsTasks = newLabels.Select(label => _vcsProvider.CreateLabelAsync(owner, repository, label));
+                var createLabelsTasks =
+                    newLabels.Select(label => _vcsProvider.CreateLabelAsync(owner, repository, label));
                 await Task.WhenAll(createLabelsTasks).ConfigureAwait(false);
             }
             else
diff --git a/src/GitReleaseManager.Tests/VcsServiceMock.cs b/src/GitReleaseManager.Tests/VcsServiceMock.cs
index 2977d562..0fc36a55 100644
--- a/src/GitReleaseManager.Tests/VcsServiceMock.cs
+++ b/src/GitReleaseManager.Tests/VcsServiceMock.cs
@@ -70,7 +70,7 @@ public Task PublishReleaseAsync(string owner, string repository, string tagName)
             throw new System.NotImplementedException();
         }
 
-        public Task CreateLabelsAsync(string owner, string repository)
+        public Task CreateOrUpdateLabelsAsync(string owner, string repository)
         {
             throw new System.NotImplementedException();
         }