diff --git a/docs/config/README.md b/docs/config/README.md
index a3251cbe..1cc73c80 100644
--- a/docs/config/README.md
+++ b/docs/config/README.md
@@ -2503,7 +2503,7 @@ symbol = "☁️ "
 
 The `package` module is shown when the current directory is the repository for a
 package, and shows its current version. The module currently supports `npm`, `nimble`, `cargo`,
-`poetry`, `composer`, `gradle`, `julia`, `mix`, `helm`, `shards` and `dart` packages.
+`poetry`, `python`, `composer`, `gradle`, `julia`, `mix`, `helm`, `shards` and `dart` packages.
 
 - [**npm**](https://docs.npmjs.com/cli/commands/npm) – The `npm` package version is extracted from the `package.json` present
   in the current directory
@@ -2511,7 +2511,7 @@ package, and shows its current version. The module currently supports `npm`, `ni
 - [**Nimble**](https://github.com/nim-lang/nimble) - The `nimble` package version is extracted from the `*.nimble` file present in the current directory with the `nimble dump` command
 - [**Poetry**](https://python-poetry.org/) – The `poetry` package version is extracted from the `pyproject.toml` present
   in the current directory
-- [**Python**](https://www.python.org) - The `python` package version is extracted from the `setup.cfg` present in the current directory
+- [**Python**](https://www.python.org) - The `python` package version is extracted from a [PEP 621](https://peps.python.org/pep-0621/) compliant `pyproject.toml` or a `setup.cfg` present in the current directory
 - [**Composer**](https://getcomposer.org/) – The `composer` package version is extracted from the `composer.json` present
   in the current directory
 - [**Gradle**](https://gradle.org/) – The `gradle` package version is extracted from the `build.gradle` present
diff --git a/src/modules/package.rs b/src/modules/package.rs
index d8de5468..29ad7aa4 100644
--- a/src/modules/package.rs
+++ b/src/modules/package.rs
@@ -66,16 +66,25 @@ fn get_node_package_version(context: &Context, config: &PackageConfig) -> Option
     Some(formatted_version)
 }
 
-fn get_poetry_version(context: &Context, config: &PackageConfig) -> Option<String> {
-    let file_contents = context.read_file_from_pwd("pyproject.toml")?;
-    let poetry_toml: toml::Value = toml::from_str(&file_contents).ok()?;
-    let raw_version = poetry_toml
+fn get_poetry_version(pyproject: &toml::Value) -> Option<&str> {
+    pyproject
         .get("tool")?
         .get("poetry")?
         .get("version")?
-        .as_str()?;
+        .as_str()
+}
 
-    format_version(raw_version, config.version_format)
+fn get_pep621_version(pyproject: &toml::Value) -> Option<&str> {
+    pyproject.get("project")?.get("version")?.as_str()
+}
+
+fn get_pyproject_version(context: &Context, config: &PackageConfig) -> Option<String> {
+    let file_contents = context.read_file_from_pwd("pyproject.toml")?;
+    let pyproject_toml: toml::Value = toml::from_str(&file_contents).ok()?;
+
+    get_pep621_version(&pyproject_toml)
+        .or_else(|| get_poetry_version(&pyproject_toml))
+        .and_then(|raw_version| format_version(raw_version, config.version_format))
 }
 
 fn get_setup_cfg_version(context: &Context, config: &PackageConfig) -> Option<String> {
@@ -252,7 +261,7 @@ fn get_version(context: &Context, config: &PackageConfig) -> Option<String> {
         get_cargo_version,
         get_nimble_version,
         get_node_package_version,
-        get_poetry_version,
+        get_pyproject_version,
         get_setup_cfg_version,
         get_composer_version,
         get_gradle_version,
@@ -632,6 +641,69 @@ license = "MIT"
         project_dir.close()
     }
 
+    #[test]
+    fn test_extract_pep621_version() -> io::Result<()> {
+        let config_name = "pyproject.toml";
+        let config_content = toml::toml! {
+            [project]
+            name = "starship"
+            version = "0.1.0"
+        }
+        .to_string();
+
+        let project_dir = create_project_dir()?;
+        fill_config(&project_dir, config_name, Some(&config_content))?;
+        expect_output(&project_dir, Some("v0.1.0"), None);
+        project_dir.close()
+    }
+
+    #[test]
+    fn test_extract_pep621_version_without_version() -> io::Result<()> {
+        let config_name = "pyproject.toml";
+        let config_content = toml::toml! {
+            [project]
+            name = "starship"
+        }
+        .to_string();
+
+        let project_dir = create_project_dir()?;
+        fill_config(&project_dir, config_name, Some(&config_content))?;
+        expect_output(&project_dir, None, None);
+        project_dir.close()
+    }
+
+    #[test]
+    fn test_extract_pep621_version_attr_directive() -> io::Result<()> {
+        let config_name = "pyproject.toml";
+        let config_content = toml::toml! {
+            [project]
+            name = "starship"
+            version = {attr = "starship.__version__"}
+        }
+        .to_string();
+
+        let project_dir = create_project_dir()?;
+        fill_config(&project_dir, config_name, Some(&config_content))?;
+        expect_output(&project_dir, None, None);
+        project_dir.close()
+    }
+
+    #[test]
+    fn test_extract_pep621_version_file_directive() -> io::Result<()> {
+        let config_name = "pyproject.toml";
+        let config_content = toml::toml! {
+            [project]
+            name = "starship"
+            version = {file = "VERSION.txt"}
+        }
+        .to_string();
+
+        let project_dir = create_project_dir()?;
+        fill_config(&project_dir, config_name, Some(&config_content))?;
+        expect_output(&project_dir, None, None);
+        project_dir.close()
+    }
+
     #[test]
     fn test_extract_setup_cfg_version() -> io::Result<()> {
         let config_name = "setup.cfg";