diff --git a/.github/workflows/update.yml b/.github/workflows/update.yml
new file mode 100644
index 0000000..952dfc0
--- /dev/null
+++ b/.github/workflows/update.yml
@@ -0,0 +1,44 @@
+name: 'Update Version'
+on:
+  push:
+    branches:
+      - '_update-deps/runtimeverification/wasm-semantics'
+      - 'project-setup'
+  workflow_dispatch:
+concurrency:
+  group: ${{ github.workflow }}-${{ github.ref }}
+  cancel-in-progress: true
+
+jobs:
+  update-deps:
+    name: 'Update Dependecies'
+    runs-on: [self-hosted, linux, flyweight]
+    steps:
+      - name: 'Check out code'
+        uses: actions/checkout@v4
+        with:
+          submodules: recursive
+          token: ${{ secrets.JENKINS_GITHUB_PAT }}
+      - name: 'Configure GitHub user'
+        run: |
+          git config user.name devops
+          git config user.email devops@runtimeverification.com
+      - name: 'Install Python'
+        uses: actions/setup-python@v5
+        with:
+          python-version: '3.10'
+      - name: 'Install Poetry'
+        uses: Gr1N/setup-poetry@v9
+      - name: 'Update Poetry files'
+        run: |
+          PYKWASM_VERSION="$(cat deps/kwasm_release)"
+          sed -i 's!pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "[v0-9\.]*", subdirectory = "pykwasm" }!pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "v'${PYKWASM_VERSION}'", subdirectory = "pykwasm" }!' pyproject.toml
+          poetry update
+          git add . && git commit -m "Sync Poetry files ${PYKWASM_VERSION}" || true
+      - name: 'Update K release'
+        run: |
+          K_VERSION=$(poetry run python3 -c 'import pyk; print(pyk.__version__)')
+          echo ${K_VERSION} > deps/k_release
+          git add deps/k_release && git commit -m "deps/k_release: sync release file version ${K_VERSION}" || true
+      - name: 'Push updates'
+        run: git push
diff --git a/deps/k_release b/deps/k_release
index 02ea36c..77d6f4c 100644
--- a/deps/k_release
+++ b/deps/k_release
@@ -1 +1 @@
-7.0.52
+0.0.0
diff --git a/pyproject.toml b/pyproject.toml
index 7a5083f..9f16aa1 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -15,7 +15,7 @@ soroban-semantics = "ksoroban.kdist.plugin"
 
 [tool.poetry.dependencies]
 python = "^3.10"
-pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "v0.1.48", subdirectory = "pykwasm" }
+pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "v0.0.0", subdirectory = "pykwasm" }
 
 [tool.poetry.group.dev.dependencies]
 autoflake = "*"