diff --git a/defaults/main.yml b/defaults/main.yml
index f599dd78..887044fa 100644
--- a/defaults/main.yml
+++ b/defaults/main.yml
@@ -227,6 +227,8 @@ neutron_metadata: "{% if neutron_plugin_type.split('.')[0] == 'ml2' and (neutron
 #                is required.
 neutron_lbaasv2: "{% if 'neutron_lbaas.services.loadbalancer.plugin.LoadBalancerPluginv2' in neutron_plugin_base %}True{% else %}False{% endif %}"
 neutron_lbaasv2_device_driver: neutron_lbaas.drivers.haproxy.namespace_driver.HaproxyNSDriver
+neutron_lbaasv2_service_provider: LOADBALANCERV2:Haproxy:neutron_lbaas.drivers.haproxy.plugin_driver.HaproxyOnHostPluginDriver:default
+
 ## Neutron L3
 ## Please add 'router' to the neutron_plugin_base list
 #TODO(odyssey4me): Remove the class path from this conditional in the Newton cycle
diff --git a/releasenotes/notes/lbaasv2-service-provider-config-57d394bdc64f632e.yaml b/releasenotes/notes/lbaasv2-service-provider-config-57d394bdc64f632e.yaml
new file mode 100644
index 00000000..e87be90b
--- /dev/null
+++ b/releasenotes/notes/lbaasv2-service-provider-config-57d394bdc64f632e.yaml
@@ -0,0 +1,5 @@
+---
+features:
+  - The LBaaSv2 service provider configuration can now be adjusted with the
+    ``neutron_lbaasv2_service_provider`` variable. This allows a deployer to
+    choose to deploy LBaaSv2 with Octavia in a future version.
diff --git a/templates/neutron.conf.j2 b/templates/neutron.conf.j2
index 7d6db8e1..1d97c2ba 100644
--- a/templates/neutron.conf.j2
+++ b/templates/neutron.conf.j2
@@ -156,7 +156,7 @@ pool_timeout = {{ neutron_db_pool_timeout }}
 # Service providers
 [service_providers]
 {% if neutron_lbaasv2 | bool %}
-service_provider = LOADBALANCERV2:Haproxy:neutron_lbaas.drivers.haproxy.plugin_driver.HaproxyOnHostPluginDriver:default
+service_provider = {{ neutron_lbaasv2_service_provider }}
 {% endif %}
 {% if neutron_vpnaas| bool %}
 service_provider = VPN:openswan:neutron_vpnaas.services.vpn.service_drivers.ipsec.IPsecVPNDriver:default