diff --git a/python/src/com/jetbrains/python/codeInsight/typing/PyTypingTypeProvider.java b/python/src/com/jetbrains/python/codeInsight/typing/PyTypingTypeProvider.java
index 1cbf488c2dcd..f2df1e78668b 100644
--- a/python/src/com/jetbrains/python/codeInsight/typing/PyTypingTypeProvider.java
+++ b/python/src/com/jetbrains/python/codeInsight/typing/PyTypingTypeProvider.java
@@ -546,8 +546,8 @@ public class PyTypingTypeProvider extends PyTypeProviderBase {
           return candidates
             .map(x -> getTypeFromTargetExpressionAnnotation(x, context))
             .nonNull()
-            .map(Ref::get)
             .findFirst()
+            .map(Ref::get)
             .orElse(null);
         }
       }
diff --git a/python/testSrc/com/jetbrains/python/PyTypingTest.java b/python/testSrc/com/jetbrains/python/PyTypingTest.java
index ebb41615e01c..3b7f8fcb2c07 100644
--- a/python/testSrc/com/jetbrains/python/PyTypingTest.java
+++ b/python/testSrc/com/jetbrains/python/PyTypingTest.java
@@ -777,6 +777,17 @@ public class PyTypingTest extends PyTestCase {
            "expr = x");
   }
 
+  // PY-16412
+  public void testLocalVariableAnnotationAheadOfTimeExplicitAny() {
+    doTest("Any",
+           "from typing import Any\n" +
+           "\n" +
+           "def func(x):\n" +
+           "    var: Any\n" +
+           "    var = x\n" +
+           "    expr = var\n");
+  }
+
   // PY-21864
   public void testClassAttributeAnnotationAheadOfTimeInAnotherFile() {
     doMultiFileStubAwareTest("int",