diff --git a/.gitignore b/.gitignore
index 61288ba..844842f 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1 @@
-SOURCES/dotnet-v3.1.115-SDK.tar.gz
+SOURCES/dotnet-v3.1.116-SDK.tar.gz
diff --git a/.rh-dotnet31-dotnet.metadata b/.rh-dotnet31-dotnet.metadata
index 512ec1e..5d5406b 100644
--- a/.rh-dotnet31-dotnet.metadata
+++ b/.rh-dotnet31-dotnet.metadata
@@ -1 +1 @@
-ae57fbf8d7331ade95e3c1f01fa72c9e20407e1b SOURCES/dotnet-v3.1.115-SDK.tar.gz
+aec520b55f84de87f4e2bc7cd2496c3d85921dd7 SOURCES/dotnet-v3.1.116-SDK.tar.gz
diff --git a/SPECS/dotnet.spec b/SPECS/dotnet.spec
index cd9160c..70892aa 100644
--- a/SPECS/dotnet.spec
+++ b/SPECS/dotnet.spec
@@ -26,10 +26,10 @@
 %endif
 %global dotnet_ldflags %(echo %{__global_ldflags} | sed -re 's/-specs=[^ ]*//g')
 
-%global host_version 3.1.15
-%global runtime_version 3.1.15
+%global host_version 3.1.16
+%global runtime_version 3.1.16
 %global aspnetcore_runtime_version %{runtime_version}
-%global sdk_version 3.1.115
+%global sdk_version 3.1.116
 %global templates_version %(echo %{runtime_version} | awk 'BEGIN { FS="."; OFS="." } {print $1, $2, $3+1 }')
 
 %global host_rpm_version %{host_version}
@@ -441,6 +441,10 @@ echo "Testing build results for debug symbols..."
 %dir %{_libdir}/dotnet/packs
 
 %changelog
+* Mon May 31 2021 Omair Majid <omajid@redhat.com> - 3.1.116-1
+- Update to .NET SDK 3.1.116 and Runtime 3.1.16
+- Resolves: RHBZ#1965498
+
 * Wed Apr 28 2021 Omair Majid <omajid@redhat.com> - 3.1.115-1
 - Update to .NET SDK 3.1.115 and Runtime 3.1.15
 - Resolves: RHBZ#1954323