diff --git a/CHANGELOG.md b/CHANGELOG.md
index eef979c5e1..1afd886665 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,7 @@ To install or update CocoaPods see this [guide](https://guides.cocoapods.org/usi
 
 To install release candidates run `[sudo] gem install cocoapods --pre`
 
-## Master
+## 1.16.2 (2024-10-31)
 
 ##### Enhancements
 
diff --git a/Gemfile.lock b/Gemfile.lock
index b3c5fab30c..0b180bfb6d 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -7,10 +7,10 @@ GIT
 
 GIT
   remote: https://github.com/CocoaPods/Core.git
-  revision: 402822393a2d4837729f8ad352d54413ada6d0ec
+  revision: a53e235aa4d1eec8a21042e022ba7bcaca14ae56
   branch: master
   specs:
-    cocoapods-core (1.16.1)
+    cocoapods-core (1.16.2)
       activesupport (>= 5.0, < 8)
       addressable (~> 2.8)
       algoliasearch (~> 1.0)
@@ -119,10 +119,10 @@ GIT
 PATH
   remote: .
   specs:
-    cocoapods (1.16.1)
+    cocoapods (1.16.2)
       addressable (~> 2.8)
       claide (>= 1.0.2, < 2.0)
-      cocoapods-core (= 1.16.1)
+      cocoapods-core (= 1.16.2)
       cocoapods-deintegrate (>= 1.0.3, < 2.0)
       cocoapods-downloader (>= 2.1, < 3.0)
       cocoapods-plugins (>= 1.0.0, < 2.0)
diff --git a/lib/cocoapods/gem_version.rb b/lib/cocoapods/gem_version.rb
index d18818b8ec..a49bee0ed4 100644
--- a/lib/cocoapods/gem_version.rb
+++ b/lib/cocoapods/gem_version.rb
@@ -1,5 +1,5 @@
 module Pod
   # The version of the CocoaPods command line tool.
   #
-  VERSION = '1.16.1'.freeze unless defined? Pod::VERSION
+  VERSION = '1.16.2'.freeze unless defined? Pod::VERSION
 end