diff --git a/package/z3/z3.hash b/package/z3/z3.hash
index a9d1da901a..a73d7f460d 100644
--- a/package/z3/z3.hash
+++ b/package/z3/z3.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  3486bf5b35b185981cab0b0a81f870547648a1ca433085aa79afd17c44959751  z3-4.15.2.tar.gz
+sha256  c68c3e5e4810b16126b8cb4c47eee85c1ac3e24a81914c8e371b40de9dd33ac7  z3-4.16.0.tar.gz
 sha256  e617cad2ab9347e3129c2b171e87909332174e17961c5c3412d0799469111337  LICENSE.txt
diff --git a/package/z3/z3.mk b/package/z3/z3.mk
index fe52167e1e..ef84fd8021 100644
--- a/package/z3/z3.mk
+++ b/package/z3/z3.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-Z3_VERSION = 4.15.2
+Z3_VERSION = 4.16.0
 Z3_SITE = $(call github,Z3Prover,z3,z3-$(Z3_VERSION))
 Z3_LICENSE = MIT
 Z3_LICENSE_FILES = LICENSE.txt