diff --git a/src/crewai/__init__.py b/src/crewai/__init__.py
index ffc7aa844..9f44bc054 100644
--- a/src/crewai/__init__.py
+++ b/src/crewai/__init__.py
@@ -40,7 +40,7 @@ def _suppress_pydantic_deprecation_warnings() -> None:
 
 _suppress_pydantic_deprecation_warnings()
 
-__version__ = "0.203.0"
+__version__ = "0.203.1"
 _telemetry_submitted = False
 
 
diff --git a/src/crewai/cli/templates/crew/pyproject.toml b/src/crewai/cli/templates/crew/pyproject.toml
index 0f26e0a24..b34088f16 100644
--- a/src/crewai/cli/templates/crew/pyproject.toml
+++ b/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]>=0.203.0,<1.0.0"
+    "crewai[tools]>=0.203.1,<1.0.0"
 ]
 
 [project.scripts]
diff --git a/src/crewai/cli/templates/flow/pyproject.toml b/src/crewai/cli/templates/flow/pyproject.toml
index 75e0240f7..e3c0c816e 100644
--- a/src/crewai/cli/templates/flow/pyproject.toml
+++ b/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]>=0.203.0,<1.0.0",
+    "crewai[tools]>=0.203.1,<1.0.0",
 ]
 
 [project.scripts]
diff --git a/src/crewai/cli/templates/tool/pyproject.toml b/src/crewai/cli/templates/tool/pyproject.toml
index 70d0cf5f9..61d4343b9 100644
--- a/src/crewai/cli/templates/tool/pyproject.toml
+++ b/src/crewai/cli/templates/tool/pyproject.toml
@@ -5,7 +5,7 @@ description = "Power up your crews with {{folder_name}}"
 readme = "README.md"
 requires-python = ">=3.10,<3.14"
 dependencies = [
-    "crewai[tools]>=0.203.0"
+    "crewai[tools]>=0.203.1"
 ]
 
 [tool.crewai]