diff --git a/parts/common/components.json b/parts/common/components.json
index 554d4050c61..9f78ed683cf 100644
--- a/parts/common/components.json
+++ b/parts/common/components.json
@@ -531,8 +531,8 @@
       "multiArchVersionsV2": [
         {
           "renovateTag": "registry=https://mcr.microsoft.com, name=oss/v2/azure/ip-masq-agent-v2",
-          "latestVersion": "v0.1.15-8",
-          "previousLatestVersion": "v0.1.15-7"
+          "latestVersion": "v0.1.16-1",
+          "previousLatestVersion": "v0.1.15-8"
         }
       ],
       "windowsVersions": []