diff --git a/README.md b/README.md
index 467075fa1..1df085c47 100644
--- a/README.md
+++ b/README.md
@@ -158,7 +158,7 @@ Note: Upstart/SysV init based OS types are not supported.
   - [coredns](https://github.com/coredns/coredns) v1.8.6
   - [ingress-nginx](https://github.com/kubernetes/ingress-nginx) v1.4.0
   - [krew](https://github.com/kubernetes-sigs/krew) v0.4.3
-  - [argocd](https://argoproj.github.io/) v2.4.15
+  - [argocd](https://argoproj.github.io/) v2.4.16
   - [helm](https://helm.sh/) v3.9.4
   - [metallb](https://metallb.universe.tf/)  v0.12.1
   - [registry](https://github.com/distribution/distribution) v2.8.1
diff --git a/inventory/sample/group_vars/k8s_cluster/addons.yml b/inventory/sample/group_vars/k8s_cluster/addons.yml
index 0d58f6379..73e4dfe12 100644
--- a/inventory/sample/group_vars/k8s_cluster/addons.yml
+++ b/inventory/sample/group_vars/k8s_cluster/addons.yml
@@ -211,7 +211,7 @@ metallb_speaker_enabled: "{{ metallb_enabled }}"
 #     my_asn: 4200000000
 
 argocd_enabled: false
-# argocd_version: v2.4.15
+# argocd_version: v2.4.16
 # argocd_namespace: argocd
 # Default password:
 #   - https://argo-cd.readthedocs.io/en/stable/getting_started/#4-login-using-the-cli
diff --git a/roles/kubernetes-apps/argocd/defaults/main.yml b/roles/kubernetes-apps/argocd/defaults/main.yml
index bb8f1fe9c..f0eb120a1 100644
--- a/roles/kubernetes-apps/argocd/defaults/main.yml
+++ b/roles/kubernetes-apps/argocd/defaults/main.yml
@@ -1,5 +1,5 @@
 ---
 argocd_enabled: false
-argocd_version: v2.4.15
+argocd_version: v2.4.16
 argocd_namespace: argocd
 # argocd_admin_password: