diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0e96391f0..f36efe56ad 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,8 @@
 ## [UNRELEASED]
 
 - Downloading CodeQL packs has been moved to the `init` step. Previously, CodeQL packs were downloaded during the `analyze` step. [#1218](https://github.com/github/codeql-action/pull/1218)
+- Update default CodeQL bundle version to 2.10.4. [#1224](https://github.com/github/codeql-action/pull/1224)
+- The newly released [Poetry 1.2](https://python-poetry.org/blog/announcing-poetry-1.2.0) is not yet supported. In the most common case where the CodeQL Action is automatically installing Python dependencies, it will continue to install and use Poetry 1.1 on its own. However, in certain cases such as with self-hosted runners, you may need to ensure Poetry 1.1 is installed yourself.
 
 ## 2.1.21 - 25 Aug 2022
 
diff --git a/lib/defaults.json b/lib/defaults.json
index 8471f1f71c..4d06bce515 100644
--- a/lib/defaults.json
+++ b/lib/defaults.json
@@ -1,3 +1,3 @@
 {
-    "bundleVersion": "codeql-bundle-20220811"
+    "bundleVersion": "codeql-bundle-20220825"
 }
diff --git a/python-setup/install_tools.ps1 b/python-setup/install_tools.ps1
index ed954c5101..3c78378a3d 100644
--- a/python-setup/install_tools.ps1
+++ b/python-setup/install_tools.ps1
@@ -8,6 +8,6 @@ py -3 -m pip install --user --upgrade pip setuptools wheel
 py -2 -m pip install --user 'virtualenv<20.11'
 py -3 -m pip install --user 'virtualenv<20.11'
 
-# poetry 1.0.10 has error (https://github.com/python-poetry/poetry/issues/2711)
-py -3 -m pip install --user poetry!=1.0.10
+# We aren't compatible with poetry 1.2
+py -3 -m pip install --user "poetry>=1.1,<1.2"
 py -3 -m pip install --user pipenv
diff --git a/python-setup/install_tools.sh b/python-setup/install_tools.sh
index f5014595fa..7acb33f146 100755
--- a/python-setup/install_tools.sh
+++ b/python-setup/install_tools.sh
@@ -24,8 +24,8 @@ python3 -m pip install --user 'virtualenv<20.11'
 #       "program uses threads.", RuntimeWarning)
 #     LGTM_PYTHON_SETUP_VERSION=The currently activated Python version 2.7.18 is not supported by the project (^3.5). Trying to find and use a compatible version. Using python3 (3.8.2) 3
 
-# poetry 1.0.10 has error (https://github.com/python-poetry/poetry/issues/2711)
-python3 -m pip install --user poetry!=1.0.10
+# We aren't compatible with poetry 1.2
+python3 -m pip install --user "poetry>=1.1,<1.2"
 python3 -m pip install --user pipenv
 
 if command -v python2 >/dev/null 2>&1; then
diff --git a/src/defaults.json b/src/defaults.json
index 3fb8e8c948..4158343c54 100644
--- a/src/defaults.json
+++ b/src/defaults.json
@@ -1,3 +1,3 @@
 {
-  "bundleVersion": "codeql-bundle-20220811"
+  "bundleVersion": "codeql-bundle-20220825"
 }