diff --git a/Makefile b/Makefile
index bfd6aaf..353513e 100644
--- a/Makefile
+++ b/Makefile
@@ -9,7 +9,7 @@
 #
 VERSION_MAJOR			:= 2
 VERSION_MINOR			:= 8
-VERSION_PATCH			:= 15
+VERSION_PATCH			:= 16
 VERSION				:= ${VERSION_MAJOR}.${VERSION_MINOR}.${VERSION_PATCH}
 
 # Default goal is build all images
diff --git a/docs/change-log.md b/docs/change-log.md
index 753ed01..136ab75 100644
--- a/docs/change-log.md
+++ b/docs/change-log.md
@@ -3,6 +3,17 @@
 This document contains a summary of the new features, changes, fixes and known
 issues in each release of Trusted Firmware-A.
 
+## [lts-2.8.16](https://review.trustedfirmware.org/plugins/gitiles/TF-A/trusted-firmware-a/+/refs/tags/lts-v2.8.15..refs/tags/lts-v2.8.16) (2024-02-08)
+
+### Resolved Issues
+
+- **Libraries**
+
+  - **CPU Support**
+
+    - workaround for Cortex X3 erratum 2641945 ([e80174e](https://review.trustedfirmware.org/plugins/gitiles/TF-A/trusted-firmware-a/+/e80174ea984eb8ad0723b3955e8cbe5e7747c155))
+    - workaround for Cortex-A715 erratum 2561034 ([a3cd442](https://review.trustedfirmware.org/plugins/gitiles/TF-A/trusted-firmware-a/+/a3cd44292c02e51da5705c9c26fd2c16569ceef6))
+
 ## [lts-2.8.15](https://review.trustedfirmware.org/plugins/gitiles/TF-A/trusted-firmware-a/+/refs/tags/lts-v2.8.14..refs/tags/lts-v2.8.15) (2024-01-24)
 
 ### Documentation
diff --git a/docs/conf.py b/docs/conf.py
index c253f90..6a89e22 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -14,8 +14,8 @@
 
 project = "Trusted Firmware-A"
 author = "Trusted Firmware-A contributors"
-version = "2.8.15"
-release = "2.8.15"
+version = "2.8.16"
+release = "2.8.16"
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/package-lock.json b/package-lock.json
index 9b88ce9..4203e07 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "trusted-firmware-a",
-  "version": "2.8.15",
+  "version": "2.8.16",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "trusted-firmware-a",
-      "version": "2.8.15",
+      "version": "2.8.16",
       "hasInstallScript": true,
       "license": "BSD-3-Clause",
       "devDependencies": {
diff --git a/package.json b/package.json
index d477053..2a99e7d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "trusted-firmware-a",
-  "version": "2.8.15",
+  "version": "2.8.16",
   "license": "BSD-3-Clause",
   "private": true,
   "scripts": {
diff --git a/pyproject.toml b/pyproject.toml
index 608c912..f5a8ec2 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "trusted-firmware-a"
-version = "2.8.15"
+version = "2.8.16"
 description = "Trusted Firmware-A (TF-A) Python dependencies."
 authors = ["Arm Ltd."]
 license = "BSD-3-Clause"
diff --git a/tools/conventional-changelog-tf-a/package.json b/tools/conventional-changelog-tf-a/package.json
index aaedc6b..d1793f7 100644
--- a/tools/conventional-changelog-tf-a/package.json
+++ b/tools/conventional-changelog-tf-a/package.json
@@ -1,6 +1,6 @@
 {
   "name": "conventional-changelog-tf-a",
-  "version": "2.8.15",
+  "version": "2.8.16",
   "license": "BSD-3-Clause",
   "private": true,
   "main": "index.js",