diff --git a/homeassistant/components/wled/coordinator.py b/homeassistant/components/wled/coordinator.py
index 5afb5a6b44e..9ba3fd2cb3d 100644
--- a/homeassistant/components/wled/coordinator.py
+++ b/homeassistant/components/wled/coordinator.py
@@ -1,7 +1,7 @@
 """DataUpdateCoordinator for WLED."""
 from __future__ import annotations
 
-from wled import WLED, Device as WLEDDevice, WLEDConnectionClosed, WLEDError
+from wled import WLED, Device as WLEDDevice, WLEDConnectionClosedError, WLEDError
 
 from homeassistant.config_entries import ConfigEntry
 from homeassistant.const import CONF_HOST, EVENT_HOMEASSISTANT_STOP
@@ -68,7 +68,7 @@ class WLEDDataUpdateCoordinator(DataUpdateCoordinator[WLEDDevice]):
 
             try:
                 await self.wled.listen(callback=self.async_set_updated_data)
-            except WLEDConnectionClosed as err:
+            except WLEDConnectionClosedError as err:
                 self.last_update_success = False
                 self.logger.info(err)
             except WLEDError as err:
diff --git a/homeassistant/components/wled/manifest.json b/homeassistant/components/wled/manifest.json
index 99309b9f008..b6d205912c6 100644
--- a/homeassistant/components/wled/manifest.json
+++ b/homeassistant/components/wled/manifest.json
@@ -7,6 +7,6 @@
   "integration_type": "device",
   "iot_class": "local_push",
   "quality_scale": "platinum",
-  "requirements": ["wled==0.15.0"],
+  "requirements": ["wled==0.16.0"],
   "zeroconf": ["_wled._tcp.local."]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 36bea3aeba4..42355c10736 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2638,7 +2638,7 @@ wirelesstagpy==0.8.1
 withings-api==2.4.0
 
 # homeassistant.components.wled
-wled==0.15.0
+wled==0.16.0
 
 # homeassistant.components.wolflink
 wolf_smartset==0.1.11
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index a93f5691795..f9c4ae88760 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1878,7 +1878,7 @@ wiffi==1.1.2
 withings-api==2.4.0
 
 # homeassistant.components.wled
-wled==0.15.0
+wled==0.16.0
 
 # homeassistant.components.wolflink
 wolf_smartset==0.1.11
diff --git a/tests/components/wled/snapshots/test_diagnostics.ambr b/tests/components/wled/snapshots/test_diagnostics.ambr
index e06608033ca..25db6a3116b 100644
--- a/tests/components/wled/snapshots/test_diagnostics.ambr
+++ b/tests/components/wled/snapshots/test_diagnostics.ambr
@@ -92,6 +92,7 @@
       'effect_count': 81,
       'filesystem': None,
       'free_heap': 14600,
+      'ip': 'Unknown',
       'leds': dict({
         '__type': "<class 'wled.models.Leds'>",
         'repr': 'Leds(cct=False, count=30, fps=None, light_capabilities=None, max_power=850, max_segments=10, power=470, rgbw=False, wv=True, segment_light_capabilities=None)',
diff --git a/tests/components/wled/test_coordinator.py b/tests/components/wled/test_coordinator.py
index 04d1c8f435b..89817fb8569 100644
--- a/tests/components/wled/test_coordinator.py
+++ b/tests/components/wled/test_coordinator.py
@@ -7,7 +7,7 @@ from unittest.mock import MagicMock
 import pytest
 from wled import (
     Device as WLEDDevice,
-    WLEDConnectionClosed,
+    WLEDConnectionClosedError,
     WLEDConnectionError,
     WLEDError,
 )
@@ -124,7 +124,7 @@ async def test_websocket(
     assert state.state == STATE_OFF
 
     # Resolve Future with a connection losed.
-    connection_finished.set_exception(WLEDConnectionClosed)
+    connection_finished.set_exception(WLEDConnectionClosedError)
     await hass.async_block_till_done()
 
     # Disconnect called, unsubbed Home Assistant stop listener