diff --git a/README.md b/README.md
index 87808e5..dc14e7b 100644
--- a/README.md
+++ b/README.md
@@ -94,7 +94,8 @@ other *untested* combinations may also work.
 
 tensorflow-transform                                                            | apache-beam[gcp] | pyarrow | tensorflow        | tensorflow-metadata | tfx-bsl |
 ------------------------------------------------------------------------------- | -----------------| --------|-------------------|---------------------|---------|
-[GitHub master](https://github.com/tensorflow/transform/blob/master/RELEASE.md) | 2.47.0           | 10.0.0  | nightly (2.x)     | 1.15.0              | 1.15.1  |
+[GitHub master](https://github.com/tensorflow/transform/blob/master/RELEASE.md) | 2.60.0           | 10.0.1  | nightly (2.x)     | 1.16.1              | 1.16.1  |
+[1.16.0](https://github.com/tensorflow/transform/blob/v1.16.0/RELEASE.md)       | 2.60.0           | 10.0.1  | 2.16              | 1.16.1              | 1.16.1  |
 [1.15.0](https://github.com/tensorflow/transform/blob/v1.15.0/RELEASE.md)       | 2.47.0           | 10.0.0  | 2.15              | 1.15.0              | 1.15.1  |
 [1.14.0](https://github.com/tensorflow/transform/blob/v1.14.0/RELEASE.md)       | 2.47.0           | 10.0.0  | 2.13              | 1.14.0              | 1.14.0  |
 [1.13.0](https://github.com/tensorflow/transform/blob/v1.13.0/RELEASE.md)       | 2.41.0           | 6.0.0   | 2.12              | 1.13.1              | 1.13.0  |
diff --git a/RELEASE.md b/RELEASE.md
index 2bd0c33..816cb10 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -10,6 +10,25 @@
 
 ## Deprecations
 
+# Version 1.16.0
+
+## Major Features and Improvements
+
+*   N/A
+
+## Bug Fixes and Other Changes
+
+*   Depends on `tensorflow 2.16`
+*   Relax dependency on Protobuf to include version 5.x
+
+## Breaking Changes
+
+*   N/A
+
+## Deprecations
+
+*   N/A
+
 # Version 1.15.0
 
 ## Major Features and Improvements
diff --git a/docs/install.md b/docs/install.md
index 0456851..fdcfca4 100644
--- a/docs/install.md
+++ b/docs/install.md
@@ -93,7 +93,8 @@ other *untested* combinations may also work.
 
 tensorflow-transform                                                            | apache-beam[gcp] | pyarrow | tensorflow        | tensorflow-metadata | tfx-bsl
 ------------------------------------------------------------------------------- | ---------------- | ------- | ----------------- | ------------------- | -------
-[GitHub master](https://github.com/tensorflow/transform/blob/master/RELEASE.md) | 2.47.0           | 10.0.0  | nightly (2.x)     | 1.15.0              | 1.15.1
+[GitHub master](https://github.com/tensorflow/transform/blob/master/RELEASE.md) | 2.60.0           | 10.0.1  | nightly (2.x)     | 1.16.1              | 1.16.1
+[1.16.0](https://github.com/tensorflow/transform/blob/v1.16.0/RELEASE.md)       | 2.60.0           | 10.0.1  | 2.16              | 1.16.1              | 1.16.1
 [1.15.0](https://github.com/tensorflow/transform/blob/v1.15.0/RELEASE.md)       | 2.47.0           | 10.0.0  | 2.15              | 1.15.0              | 1.15.1
 [1.14.0](https://github.com/tensorflow/transform/blob/v1.14.0/RELEASE.md)       | 2.47.0           | 10.0.0  | 2.13              | 1.14.0              | 1.14.0
 [1.13.0](https://github.com/tensorflow/transform/blob/v1.13.0/RELEASE.md)       | 2.41.0           | 6.0.0   | 2.12              | 1.13.1              | 1.13.0
diff --git a/setup.py b/setup.py
index 5adb0cd..04e923c 100644
--- a/setup.py
+++ b/setup.py
@@ -46,27 +46,27 @@ def _make_required_install_packages():
       'apache-beam[gcp]>=2.53,<3;python_version>="3.11"',
       'apache-beam[gcp]>=2.47,<3;python_version<"3.11"',
       'numpy>=1.22.0',
-      'protobuf>=4.25.2,<5;python_version>="3.11"',
+      'protobuf>=4.25.2,<6;python_version>="3.11"',
       'protobuf>=3.20.3,<5;python_version<"3.11"',
       'pyarrow>=10,<11',
       'pydot>=1.2,<2',
       'tensorflow'
       + select_constraint(
-          default='>=2.15,<2.16',
-          nightly='>=2.16.0.dev',
+          default='>=2.16,<2.17',
+          nightly='>=2.17.0.dev',
           git_master='@git+https://github.com/tensorflow/tensorflow@master',
       ),
       'tensorflow-metadata'
       + select_constraint(
-          default='>=1.15.0,<1.16.0',
-          nightly='>=1.16.0.dev',
+          default='>=1.16.1,<1.17.0',
+          nightly='>=1.17.0.dev',
           git_master='@git+https://github.com/tensorflow/metadata@master',
       ),
       'tf_keras>=2',
       'tfx-bsl'
       + select_constraint(
-          default='>=1.15.1,<1.16.0',
-          nightly='>=1.16.0.dev',
+          default='>=1.16.1,<1.17.0',
+          nightly='>=1.17.0.dev',
           git_master='@git+https://github.com/tensorflow/tfx-bsl@master',
       ),
   ]
diff --git a/tensorflow_transform/version.py b/tensorflow_transform/version.py
index 5577d49..ffec4a9 100644
--- a/tensorflow_transform/version.py
+++ b/tensorflow_transform/version.py
@@ -14,4 +14,4 @@
 """Contains the version string of TF.Transform."""
 
 # Note that setup.py uses this version.
-__version__ = '1.16.0.dev'
+__version__ = '1.17.0.dev'