diff --git a/docs/release-notes/release-notes-0.16.2.md b/docs/release-notes/release-notes-0.16.2.md
new file mode 100644
index 000000000..e1b0d828b
--- /dev/null
+++ b/docs/release-notes/release-notes-0.16.2.md
@@ -0,0 +1,12 @@
+# Release Notes
+
+## Wallet
+
+[The mempool scanning logic no longer blocks start
+up](https://github.com/lightningnetwork/lnd/pull/7641). The default polling
+interval has also been increased to 60 seconds.
+
+## Bug Fixes
+
+[A panic has been fixed](https://github.com/lightningnetwork/lnd/pull/7637) for
+neutrino nodes related to sweeper transaction replacement.
diff --git a/go.mod b/go.mod
index 7ed96a52c..dc1139bb8 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/btcsuite/btcd/btcutil/psbt v1.1.8
 	github.com/btcsuite/btcd/chaincfg/chainhash v1.0.2
 	github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f
-	github.com/btcsuite/btcwallet v0.16.8
+	github.com/btcsuite/btcwallet v0.16.9
 	github.com/btcsuite/btcwallet/wallet/txauthor v1.3.2
 	github.com/btcsuite/btcwallet/wallet/txrules v1.2.0
 	github.com/btcsuite/btcwallet/walletdb v1.4.0
diff --git a/go.sum b/go.sum
index 4dd227d45..1d9141fa5 100644
--- a/go.sum
+++ b/go.sum
@@ -89,8 +89,8 @@ github.com/btcsuite/btcd/chaincfg/chainhash v1.0.2/go.mod h1:7SFka0XMvUgj3hfZtyd
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f h1:bAs4lUbRJpnnkd9VhRV3jjAVU7DJVjMaK+IsvSeZvFo=
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f/go.mod h1:TdznJufoqS23FtqVCzL0ZqgP5MqXbb4fg/WgDys70nA=
 github.com/btcsuite/btcutil v0.0.0-20190425235716-9e5f4b9a998d/go.mod h1:+5NJ2+qvTyV9exUAL/rxXi3DcLg2Ts+ymUAY5y4NvMg=
-github.com/btcsuite/btcwallet v0.16.8 h1:ADMormFSOBMANB/ZWvU00VDnFelZXY9Uyc9wW0dNFzM=
-github.com/btcsuite/btcwallet v0.16.8/go.mod h1:ynC16HgMU03dYyUit6b0+IZjDg9KVnr2VNLie9ZXG1I=
+github.com/btcsuite/btcwallet v0.16.9 h1:hLAzEJvsiSn+r6j374G7ThnrYD/toa+Lv7l1Rm6+0oM=
+github.com/btcsuite/btcwallet v0.16.9/go.mod h1:T3DjEAMZYIqQ28l+ixlB6DX4mFJXCX8Pzz+yACQcLsc=
 github.com/btcsuite/btcwallet/wallet/txauthor v1.3.2 h1:etuLgGEojecsDOYTII8rYiGHjGyV5xTqsXi+ZQ715UU=
 github.com/btcsuite/btcwallet/wallet/txauthor v1.3.2/go.mod h1:Zpk/LOb2sKqwP2lmHjaZT9AdaKsHPSbNLm2Uql5IQ/0=
 github.com/btcsuite/btcwallet/wallet/txrules v1.2.0 h1:BtEN5Empw62/RVnZ0VcJaVtVlBijnLlJY+dwjAye2Bg=