diff --git a/.ci/bwcVersions b/.ci/bwcVersions
index fcf90aa7781a0..058bfa8f200c6 100644
--- a/.ci/bwcVersions
+++ b/.ci/bwcVersions
@@ -99,3 +99,4 @@ BWC_VERSION:
   - "1.3.12"
   - "1.3.13"
   - "1.3.14"
+  - "1.3.15"
diff --git a/buildSrc/version.properties b/buildSrc/version.properties
index 460aa03792a3a..046c31600cdd7 100644
--- a/buildSrc/version.properties
+++ b/buildSrc/version.properties
@@ -1,4 +1,4 @@
-opensearch        = 1.3.15
+opensearch        = 1.3.16
 lucene            = 8.10.1
 
 bundled_jdk_vendor = adoptium
diff --git a/server/src/main/java/org/opensearch/Version.java b/server/src/main/java/org/opensearch/Version.java
index 415e218ce471a..0f9dbdd017235 100644
--- a/server/src/main/java/org/opensearch/Version.java
+++ b/server/src/main/java/org/opensearch/Version.java
@@ -96,7 +96,8 @@ public class Version implements Comparable<Version>, ToXContentFragment {
     public static final Version V_1_3_13 = new Version(1031399, org.apache.lucene.util.Version.LUCENE_8_10_1);
     public static final Version V_1_3_14 = new Version(1031499, org.apache.lucene.util.Version.LUCENE_8_10_1);
     public static final Version V_1_3_15 = new Version(1031599, org.apache.lucene.util.Version.LUCENE_8_10_1);
-    public static final Version CURRENT = V_1_3_15;
+    public static final Version V_1_3_16 = new Version(1031699, org.apache.lucene.util.Version.LUCENE_8_10_1);
+    public static final Version CURRENT = V_1_3_16;
 
     public static Version readVersion(StreamInput in) throws IOException {
         return fromId(in.readVInt());