diff --git a/sql/CMakeLists.txt b/sql/CMakeLists.txt
index 598aeab64..655d9e7ae 100644
--- a/sql/CMakeLists.txt
+++ b/sql/CMakeLists.txt
@@ -81,7 +81,8 @@ set(OLD_REV_FILES
     2.15.0--2.14.2.sql
     2.15.1--2.15.0.sql
     2.15.2--2.15.1.sql
-    2.15.3--2.15.2.sql)
+    2.15.3--2.15.2.sql
+    2.16.0--2.15.3.sql)
 
 set(MODULE_PATHNAME "$libdir/timescaledb-${PROJECT_VERSION_MOD}")
 set(LOADER_PATHNAME "$libdir/timescaledb")
diff --git a/sql/updates/2.16.0--2.15.3.sql b/sql/updates/2.16.0--2.15.3.sql
new file mode 100644
index 000000000..7da340d7e
--- /dev/null
+++ b/sql/updates/2.16.0--2.15.3.sql
@@ -0,0 +1,24 @@
+DROP FUNCTION IF EXISTS _timescaledb_functions.cagg_get_bucket_function_info(INTEGER);
+-- remove chunk column statistics related objects
+DROP FUNCTION IF EXISTS @extschema@.enable_chunk_skipping(REGCLASS, NAME, BOOLEAN);
+DROP FUNCTION IF EXISTS @extschema@.disable_chunk_skipping(REGCLASS, NAME, BOOLEAN);
+ALTER EXTENSION timescaledb DROP TABLE _timescaledb_catalog.chunk_column_stats;
+ALTER EXTENSION timescaledb DROP SEQUENCE _timescaledb_catalog.chunk_column_stats_id_seq;
+DROP TABLE IF EXISTS _timescaledb_catalog.chunk_column_stats;
+
+-- Add foreign key constraints back to compressed chunks
+DO $$
+DECLARE
+  chunkrelid regclass;
+  conname name;
+  conoid oid;
+BEGIN
+  FOR chunkrelid, conname, conoid IN
+  SELECT format('%I.%I',ch.schema_name,ch.table_name)::regclass, con.conname, con.oid
+  FROM _timescaledb_catalog.hypertable ht
+  JOIN pg_constraint con ON con.contype = 'f' AND con.conrelid=format('%I.%I',ht.schema_name,ht.table_name)::regclass
+  JOIN _timescaledb_catalog.chunk ch on ch.hypertable_id=ht.compressed_hypertable_id and not ch.dropped
+  LOOP
+    EXECUTE format('ALTER TABLE %s ADD CONSTRAINT %I %s', chunkrelid, conname, pg_get_constraintdef(conoid));
+  END LOOP;
+END $$;
diff --git a/sql/updates/reverse-dev.sql b/sql/updates/reverse-dev.sql
index 7da340d7e..e69de29bb 100644
--- a/sql/updates/reverse-dev.sql
+++ b/sql/updates/reverse-dev.sql
@@ -1,24 +0,0 @@
-DROP FUNCTION IF EXISTS _timescaledb_functions.cagg_get_bucket_function_info(INTEGER);
--- remove chunk column statistics related objects
-DROP FUNCTION IF EXISTS @extschema@.enable_chunk_skipping(REGCLASS, NAME, BOOLEAN);
-DROP FUNCTION IF EXISTS @extschema@.disable_chunk_skipping(REGCLASS, NAME, BOOLEAN);
-ALTER EXTENSION timescaledb DROP TABLE _timescaledb_catalog.chunk_column_stats;
-ALTER EXTENSION timescaledb DROP SEQUENCE _timescaledb_catalog.chunk_column_stats_id_seq;
-DROP TABLE IF EXISTS _timescaledb_catalog.chunk_column_stats;
-
--- Add foreign key constraints back to compressed chunks
-DO $$
-DECLARE
-  chunkrelid regclass;
-  conname name;
-  conoid oid;
-BEGIN
-  FOR chunkrelid, conname, conoid IN
-  SELECT format('%I.%I',ch.schema_name,ch.table_name)::regclass, con.conname, con.oid
-  FROM _timescaledb_catalog.hypertable ht
-  JOIN pg_constraint con ON con.contype = 'f' AND con.conrelid=format('%I.%I',ht.schema_name,ht.table_name)::regclass
-  JOIN _timescaledb_catalog.chunk ch on ch.hypertable_id=ht.compressed_hypertable_id and not ch.dropped
-  LOOP
-    EXECUTE format('ALTER TABLE %s ADD CONSTRAINT %I %s', chunkrelid, conname, pg_get_constraintdef(conoid));
-  END LOOP;
-END $$;
diff --git a/version.config b/version.config
index 01bea6c4d..6c7bd9b65 100644
--- a/version.config
+++ b/version.config
@@ -1,3 +1,3 @@
 version = 2.17.0-dev
 update_from_version = 2.16.0
-downgrade_to_version = 2.15.3
+downgrade_to_version = 2.16.0