diff --git a/lib/crewai-tools/pyproject.toml b/lib/crewai-tools/pyproject.toml
index 29a84723e..032ddd795 100644
--- a/lib/crewai-tools/pyproject.toml
+++ b/lib/crewai-tools/pyproject.toml
@@ -12,7 +12,7 @@ dependencies = [
     "pytube>=15.0.0",
     "requests>=2.32.5",
     "docker>=7.1.0",
-    "crewai==1.2.0",
+    "crewai==1.2.1",
     "lancedb>=0.5.4",
     "tiktoken>=0.8.0",
     "beautifulsoup4>=4.13.4",
diff --git a/lib/crewai-tools/src/crewai_tools/__init__.py b/lib/crewai-tools/src/crewai_tools/__init__.py
index c1c89e1e0..c79772e7b 100644
--- a/lib/crewai-tools/src/crewai_tools/__init__.py
+++ b/lib/crewai-tools/src/crewai_tools/__init__.py
@@ -287,4 +287,4 @@ __all__ = [
     "ZapierActionTools",
 ]
 
-__version__ = "1.2.0"
+__version__ = "1.2.1"
diff --git a/lib/crewai/pyproject.toml b/lib/crewai/pyproject.toml
index 92159f3ac..cd18a9124 100644
--- a/lib/crewai/pyproject.toml
+++ b/lib/crewai/pyproject.toml
@@ -49,7 +49,7 @@ Repository = "https://github.com/crewAIInc/crewAI"
 
 [project.optional-dependencies]
 tools = [
-    "crewai-tools==1.2.0",
+    "crewai-tools==1.2.1",
 ]
 embeddings = [
     "tiktoken~=0.8.0"
diff --git a/lib/crewai/src/crewai/__init__.py b/lib/crewai/src/crewai/__init__.py
index c42c8311d..0c6952cda 100644
--- a/lib/crewai/src/crewai/__init__.py
+++ b/lib/crewai/src/crewai/__init__.py
@@ -40,7 +40,7 @@ def _suppress_pydantic_deprecation_warnings() -> None:
 
 _suppress_pydantic_deprecation_warnings()
 
-__version__ = "1.2.0"
+__version__ = "1.2.1"
 _telemetry_submitted = False
 
 
diff --git a/lib/crewai/src/crewai/cli/templates/crew/pyproject.toml b/lib/crewai/src/crewai/cli/templates/crew/pyproject.toml
index 846481020..7e736becc 100644
--- a/lib/crewai/src/crewai/cli/templates/crew/pyproject.toml
+++ b/lib/crewai/src/crewai/cli/templates/crew/pyproject.toml
@@ -5,7 +5,7 @@ description = "{{name}} using crewAI"
 authors = [{ name = "Your Name", email = "you@example.com" }]
 requires-python = ">=3.10,<3.14"
 dependencies = [
-    "crewai[tools]==1.2.0"
+    "crewai[tools]==1.2.1"
 ]
 
 [project.scripts]
diff --git a/lib/crewai/src/crewai/cli/templates/flow/pyproject.toml b/lib/crewai/src/crewai/cli/templates/flow/pyproject.toml
index fbe9cec7e..a38b5669e 100644
--- a/lib/crewai/src/crewai/cli/templates/flow/pyproject.toml
+++ b/lib/crewai/src/crewai/cli/templates/flow/pyproject.toml
@@ -5,7 +5,7 @@ description = "{{name}} using crewAI"
 authors = [{ name = "Your Name", email = "you@example.com" }]
 requires-python = ">=3.10,<3.14"
 dependencies = [
-    "crewai[tools]==1.2.0"
+    "crewai[tools]==1.2.1"
 ]
 
 [project.scripts]
diff --git a/lib/devtools/src/crewai_devtools/__init__.py b/lib/devtools/src/crewai_devtools/__init__.py
index 566925121..37cdc9fa0 100644
--- a/lib/devtools/src/crewai_devtools/__init__.py
+++ b/lib/devtools/src/crewai_devtools/__init__.py
@@ -1,3 +1,3 @@
 """CrewAI development tools."""
 
-__version__ = "1.2.0"
+__version__ = "1.2.1"