diff --git a/Makefile b/Makefile
index c1c027ae1..7fa87ea47 100644
--- a/Makefile
+++ b/Makefile
@@ -758,12 +758,14 @@ clean: obsclean
 PYLNS=client proto testing
 update-versions: update-pyln-versions update-reckless-version update-dot-version update-doc-examples
 	@uv lock
+
 update-pyln-versions: $(PYLNS:%=update-pyln-version-%)
 
 update-pyln-version-%:
 	@if [ -z "$(NEW_VERSION)" ]; then echo "Set NEW_VERSION!" >&2; exit 1; fi
 	@echo "Updating contrib/pyln-$* to $(NEW_VERSION)"
 	@sed -i.bak 's/^version = .*/version = "$(NEW_VERSION)"/' contrib/pyln-$*/pyproject.toml && rm contrib/pyln-$*/pyproject.toml.bak
+	@sed -i.bak 's/^__version__ = .*/__version__ = "$(NEW_VERSION)"/' contrib/pyln-$*/pyln/$*/__init__.py && rm contrib/pyln-$*/pyln/$*/__init__.py.bak
 
 pyln-release:  $(PYLNS:%=pyln-release-%)