diff --git a/scripts/azureml-assets/CHANGELOG.md b/scripts/azureml-assets/CHANGELOG.md
index 5b0b0a0589..f6619f0fd1 100644
--- a/scripts/azureml-assets/CHANGELOG.md
+++ b/scripts/azureml-assets/CHANGELOG.md
@@ -2,6 +2,10 @@
 ### 🚀 New Features
 
 
+## 1.16.69 (2025-01-21)
+### 🐛 Bugs Fixed
+- [#3779](https://github.com/Azure/azureml-assets/pull/3779) Add azure-identity dependency to fix issue with azure-ai-ml dependency
+
 ## 1.16.68 (2025-01-02)
 ### 🚀 New Features
 - [#3714](https://github.com/Azure/azureml-assets/pull/3714) Block environment/image releases based on Ubuntu 20.04
diff --git a/scripts/azureml-assets/setup.py b/scripts/azureml-assets/setup.py
index 8e92235660..818db935fb 100644
--- a/scripts/azureml-assets/setup.py
+++ b/scripts/azureml-assets/setup.py
@@ -7,7 +7,7 @@
 
 setup(
    name="azureml-assets",
-   version="1.16.68",
+   version="1.16.69",
    description="Utilities for publishing assets to Azure Machine Learning system registries.",
    author="Microsoft Corp",
    packages=find_packages(),
@@ -19,6 +19,7 @@
       "marshmallow>=3.19",
       "tenacity>=8.2.2",
       "azure-ai-ml>=1.9.0",
+      "azure-identity>=1.16.0",
    ],
    python_requires=">=3.8,<4.0",
    license="MIT",