diff --git a/Makefile.core.mk b/Makefile.core.mk
index 34a86155f..ba311f027 100644
--- a/Makefile.core.mk
+++ b/Makefile.core.mk
@@ -531,6 +531,12 @@ update-istio: ## Update the Istio commit hash in the 'latest' entry in versions.
 update-istio-samples: ## Update the Istio samples files located in the samples folder to match the latest Istio upstream version of the charts.
 	@hack/update-istio-samples.sh
 
+.PHONY: update-deps
+update-deps: ## Update all dependencies including tools, Go modules, and operator components.
+	@echo "Running dependency update script..."
+	@tools/update_deps.sh
+	@echo "Dependency update completed successfully."
+
 .PHONY: print-variables
 print-variables: ## Print all Makefile variables; Useful to inspect overrides of variables.
 	$(foreach v,                                        \