diff --git a/docs/conf.py b/docs/conf.py
index 4dabf066ea..0eb9eeb003 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -47,9 +47,9 @@
 author = 'Qiskit Development Team'
 
 # The short X.Y version
-version = '0.15.0'
+version = '0.16.1'
 # The full version, including alpha/beta/rc tags
-release = '0.15.0'
+release = '0.16.1'
 
 templates_path = ['_templates']
 
diff --git a/qiskit_aer/VERSION.txt b/qiskit_aer/VERSION.txt
index 04a373efe6..2a0970ca75 100644
--- a/qiskit_aer/VERSION.txt
+++ b/qiskit_aer/VERSION.txt
@@ -1 +1 @@
-0.16.0
+0.16.1