diff --git a/packages/google-cloud-asset/CHANGELOG.md b/packages/google-cloud-asset/CHANGELOG.md
index f9f304cc0cb..11626da6bf4 100644
--- a/packages/google-cloud-asset/CHANGELOG.md
+++ b/packages/google-cloud-asset/CHANGELOG.md
@@ -4,6 +4,13 @@
 
 [1]: https://www.npmjs.com/package/@google-cloud/asset?activeTab=versions
 
+### [3.16.1](https://www.github.com/googleapis/nodejs-asset/compare/v3.16.0...v3.16.1) (2021-08-17)
+
+
+### Bug Fixes
+
+* **deps:** require google-gax v2.24.1 ([#538](https://www.github.com/googleapis/nodejs-asset/issues/538)) ([c6397db](https://www.github.com/googleapis/nodejs-asset/commit/c6397db52e9a6c4b43071c79b9809e9b874097a1))
+
 ## [3.16.0](https://www.github.com/googleapis/nodejs-asset/compare/v3.15.5...v3.16.0) (2021-08-16)
 
 
diff --git a/packages/google-cloud-asset/package.json b/packages/google-cloud-asset/package.json
index f77cb036a96..ef3b948eafd 100644
--- a/packages/google-cloud-asset/package.json
+++ b/packages/google-cloud-asset/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@google-cloud/asset",
   "description": "Cloud Asset API client for Node.js",
-  "version": "3.16.0",
+  "version": "3.16.1",
   "license": "Apache-2.0",
   "author": "Google LLC",
   "engines": {
diff --git a/packages/google-cloud-asset/samples/package.json b/packages/google-cloud-asset/samples/package.json
index ee2e8b05ef3..30b73631f3c 100644
--- a/packages/google-cloud-asset/samples/package.json
+++ b/packages/google-cloud-asset/samples/package.json
@@ -15,7 +15,7 @@
     "test": "mocha --timeout 180000"
   },
   "dependencies": {
-    "@google-cloud/asset": "^3.16.0",
+    "@google-cloud/asset": "^3.16.1",
     "@google-cloud/bigquery": "^5.5.0",
     "@google-cloud/compute": "^2.0.0",
     "@google-cloud/storage": "^5.0.0",