diff --git a/pyproject.toml b/pyproject.toml
index 395c56b8d..e4a8baff1 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "crewai"
-version = "0.54.0"
+version = "0.55.0"
 description = "Cutting-edge framework for orchestrating role-playing, autonomous AI agents. By fostering collaborative intelligence, CrewAI empowers agents to work together seamlessly, tackling complex tasks."
 authors = ["Joao Moura <joao@crewai.com>"]
 readme = "README.md"
@@ -21,7 +21,7 @@ opentelemetry-sdk = "^1.22.0"
 opentelemetry-exporter-otlp-proto-http = "^1.22.0"
 instructor = "1.3.3"
 regex = "^2024.7.24"
-crewai-tools = { version = "^0.8.3", optional = true }
+crewai-tools = { version = "^0.12.0", optional = true }
 click = "^8.1.7"
 python-dotenv = "^1.0.0"
 appdirs = "^1.4.4"
@@ -47,7 +47,7 @@ mkdocs-material = { extras = ["imaging"], version = "^9.5.7" }
 mkdocs-material-extensions = "^1.3.1"
 pillow = "^10.2.0"
 cairosvg = "^2.7.1"
-crewai-tools = "^0.8.3"
+crewai-tools = "^0.12.0"
 
 [tool.poetry.group.test.dependencies]
 pytest = "^8.0.0"
diff --git a/src/crewai/cli/templates/crew/pyproject.toml b/src/crewai/cli/templates/crew/pyproject.toml
index 14487974e..da7be4a4d 100644
--- a/src/crewai/cli/templates/crew/pyproject.toml
+++ b/src/crewai/cli/templates/crew/pyproject.toml
@@ -6,7 +6,7 @@ authors = ["Your Name <you@example.com>"]
 
 [tool.poetry.dependencies]
 python = ">=3.10,<=3.13"
-crewai = { extras = ["tools"], version = ">=0.54.0,<1.0.0" }
+crewai = { extras = ["tools"], version = ">=0.55.0,<1.0.0" }
 
 
 [tool.poetry.scripts]
diff --git a/src/crewai/cli/templates/pipeline/pyproject.toml b/src/crewai/cli/templates/pipeline/pyproject.toml
index 3512c0842..ecf0b63db 100644
--- a/src/crewai/cli/templates/pipeline/pyproject.toml
+++ b/src/crewai/cli/templates/pipeline/pyproject.toml
@@ -6,7 +6,7 @@ authors = ["Your Name <you@example.com>"]
 
 [tool.poetry.dependencies]
 python = ">=3.10,<=3.13"
-crewai = { extras = ["tools"], version = ">=0.54.0,<1.0.0" }
+crewai = { extras = ["tools"], version = ">=0.55.0,<1.0.0" }
 asyncio = "*"
 
 [tool.poetry.scripts]
diff --git a/src/crewai/cli/templates/pipeline_router/pyproject.toml b/src/crewai/cli/templates/pipeline_router/pyproject.toml
index a43f5d31a..ff38a8c6f 100644
--- a/src/crewai/cli/templates/pipeline_router/pyproject.toml
+++ b/src/crewai/cli/templates/pipeline_router/pyproject.toml
@@ -6,7 +6,7 @@ authors = ["Your Name <you@example.com>"]
 
 [tool.poetry.dependencies]
 python = ">=3.10,<=3.13"
-crewai = { extras = ["tools"], version = ">=0.54.0,<1.0.0" }
+crewai = { extras = ["tools"], version = ">=0.55.0,<1.0.0" }
 
 
 [tool.poetry.scripts]