diff --git a/pyproject.toml b/pyproject.toml
index 814cba6f7b..a9035f37f0 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -30,9 +30,9 @@ classifiers = [
 ]
 
 [tool.poetry.dependencies]
-python = "^3.6.1"
+python = "^3.8.1"
 SQLAlchemy = ">=1.4.17,<1.5.0"
-pydantic = "^1.8.2"
+pydantic = ">=2.0,<3.0"
 sqlalchemy2-stubs = {version = "*", allow-prereleases = true}
 
 [tool.poetry.dev-dependencies]
@@ -44,7 +44,7 @@ mkdocs = "^1.2.1"
 mkdocs-material = "^8.1.4"
 mdx-include = "^1.4.1"
 coverage = {extras = ["toml"], version = "^5.5"}
-fastapi = "^0.68.0"
+fastapi = "^0.115.12"
 requests = "^2.26.0"
 autoflake = "^1.4"
 isort = "^5.9.3"
diff --git a/scripts/generate_select.py b/scripts/generate_select.py
index b66a1673c4..9304bec179 100644
--- a/scripts/generate_select.py
+++ b/scripts/generate_select.py
@@ -4,7 +4,7 @@
 
 import black
 from jinja2 import Template
-from pydantic import BaseModel
+from pydantic.v1 import BaseModel
 
 template_path = Path(__file__).parent.parent / "sqlmodel/sql/expression.py.jinja2"
 destiny_path = Path(__file__).parent.parent / "sqlmodel/sql/expression.py"
diff --git a/sqlmodel/main.py b/sqlmodel/main.py
index 0d205de516..2f749c02bc 100644
--- a/sqlmodel/main.py
+++ b/sqlmodel/main.py
@@ -11,6 +11,7 @@
     Callable,
     ClassVar,
     Dict,
+    ForwardRef,
     List,
     Mapping,
     Optional,
@@ -23,13 +24,13 @@
     cast,
 )
 
-from pydantic import BaseConfig, BaseModel
-from pydantic.errors import ConfigError, DictError
-from pydantic.fields import FieldInfo as PydanticFieldInfo
-from pydantic.fields import ModelField, Undefined, UndefinedType
-from pydantic.main import ModelMetaclass, validate_model
-from pydantic.typing import ForwardRef, NoArgAnyCallable, resolve_annotations
-from pydantic.utils import ROOT_KEY, Representation
+from pydantic.v1 import BaseConfig, BaseModel
+from pydantic.v1.errors import ConfigError, DictError
+from pydantic.v1.fields import FieldInfo as PydanticFieldInfo
+from pydantic.v1.fields import ModelField, Undefined, UndefinedType
+from pydantic.v1.main import validate_model
+from pydantic.v1.typing import NoArgAnyCallable, resolve_annotations
+from pydantic.v1.utils import ROOT_KEY, Representation
 from sqlalchemy import (
     Boolean,
     Column,
@@ -53,6 +54,8 @@
 
 _T = TypeVar("_T")
 
+ModelMetaclass = type(BaseModel)
+
 
 def __dataclass_transform__(
     *,
diff --git a/tests/conftest.py b/tests/conftest.py
index cd66420c88..72e20871f5 100644
--- a/tests/conftest.py
+++ b/tests/conftest.py
@@ -4,7 +4,7 @@
 from typing import Any, Callable, Dict, List, Union
 
 import pytest
-from pydantic import BaseModel
+from pydantic.v1 import BaseModel
 from sqlmodel import SQLModel
 from sqlmodel.main import default_registry