diff --git a/dev-python/sqlalchemy/Manifest b/dev-python/sqlalchemy/Manifest
index 682880484ebb6..70680577549bb 100644
--- a/dev-python/sqlalchemy/Manifest
+++ b/dev-python/sqlalchemy/Manifest
@@ -1,3 +1,4 @@
 DIST sqlalchemy-2.0.52.tar.gz 9945637 BLAKE2B 4af6f1485d26c94569babc99ba6cb3314f0bbc4267bc17ebefbb786390214110283b0a43a81cc38d275fcd852bbb74e77ed2167dce6a5ec9b144119eb0593206 SHA512 9341389b75b684b37f2f1bba8fde882c95c77a68e5ff15b8ab16b163db9c31088a884352999b750fbabadbd723cff093e971035159e77562d5cd843305258fdd
 DIST sqlalchemy-2.0.53.tar.gz 9966200 BLAKE2B b14be728d4ba7e6517b6e4af96127e3c5bde05218d77afa5bba16638f4270e85c69eded7bd4497c517afc2dbcc5db1baa1201c84d8354ac9a7de8e0f5cf3f98b SHA512 568035a5c37e337eee5606756e5c3bb3edff248cca4879144d690ff4215abc51d697eeb0ab7a3991ea933b65a639d2ae8812e9b325d4fd7d860a26513892609c
+DIST sqlalchemy-2.0.54.tar.gz 9969559 BLAKE2B b29973d44b49e8c98267d509246369e78c213a3d53280098c4ea14c6d2ae6161fc2bfb71bd2e4af32c39bc187efd0ae03668bad3963ca79187c3889521da4911 SHA512 d88af975c7fc7d4e1b0781e654ef003fb1de90f00e6a4168b167c2b8c6927732caea5bb9ec084451994d89e8808691bc18abf236d80f6e13158f6f1f0a406d1b
 DIST sqlalchemy-2.1.0rc1.tar.gz 10436777 BLAKE2B 3840f114f930dc1d18e8837cd51ebc66a193f386139eda7b825a0efcc280488a4d1f78c0997c4c81d5c8c2b6b92b2cb789beec32dbae43fa05bd638d3afe493b SHA512 66435f258067621f649ae8f28ed409772319cf9939b21cb8a7b2de1ddcdb482f536402350767ff618dbec2be5254b243f903f8c7a7261c49bc66269235bce2eb
diff --git a/dev-python/sqlalchemy/sqlalchemy-2.0.54.ebuild b/dev-python/sqlalchemy/sqlalchemy-2.0.54.ebuild
new file mode 100644
index 0000000000000..47b1fdf975f24
--- /dev/null
+++ b/dev-python/sqlalchemy/sqlalchemy-2.0.54.ebuild
@@ -0,0 +1,95 @@
+# Copyright 1999-2026 Gentoo Authors
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI=8
+
+DISTUTILS_EXT=1
+DISTUTILS_USE_PEP517=setuptools
+PYPI_PN=SQLAlchemy
+PYTHON_COMPAT=( python3_{12..15} )
+PYTHON_REQ_USE="sqlite?"
+
+inherit distutils-r1 optfeature pypi
+
+DESCRIPTION="Python SQL toolkit and Object Relational Mapper"
+HOMEPAGE="
+	https://www.sqlalchemy.org/
+	https://pypi.org/project/SQLAlchemy/
+	https://github.com/sqlalchemy/sqlalchemy/
+"
+
+LICENSE="MIT"
+SLOT="0"
+KEYWORDS="~alpha ~amd64 ~arm ~arm64 ~hppa ~loong ~m68k ~mips ~ppc ~ppc64 ~riscv ~s390 ~sparc ~x86 ~x64-macos ~x64-solaris"
+IUSE="examples +sqlite test"
+
+RDEPEND="
+	>=dev-python/typing-extensions-4.6.0[${PYTHON_USEDEP}]
+"
+BDEPEND="
+	dev-python/cython[${PYTHON_USEDEP}]
+	test? (
+		$(python_gen_impl_dep sqlite)
+	)
+"
+
+EPYTEST_PLUGINS=()
+EPYTEST_RERUNS=5
+EPYTEST_XDIST=1
+distutils_enable_tests pytest
+
+src_prepare() {
+	sed -i -e '/greenlet/d' setup.cfg || die
+	distutils-r1_src_prepare
+}
+
+python_test() {
+	local EPYTEST_IGNORE=(
+		test/ext/mypy/test_mypy_plugin_py3k.py
+		test/typing/test_mypy.py
+		# hardcode call counts specific to Python versions
+		test/aaa_profiling
+	)
+	local EPYTEST_DESELECT=(
+		# warning tests are unreliable
+		test/base/test_warnings.py
+		# TODO: flaky? xdist?
+		test/base/test_concurrency_py3k.py::TestAsyncioCompat::test_await_fallback_no_greenlet
+	)
+	local sqlite_version=$(sqlite3 --version | cut -d' ' -f1)
+	if ! has_version "dev-python/greenlet[${PYTHON_USEDEP}]"; then
+		EPYTEST_DESELECT+=(
+			test/ext/asyncio/test_engine_py3k.py::TextSyncDBAPI::test_sync_driver_execution
+			test/ext/asyncio/test_engine_py3k.py::TextSyncDBAPI::test_sync_driver_run_sync
+			"test/engine/test_pool.py::PoolEventsTest::test_checkin_event_gc[False-True]"
+			"test/engine/test_pool.py::PoolEventsTest::test_checkin_event_gc[True-True]"
+			"test/engine/test_pool.py::PoolEventsTest::test_checkin_event_gc[has_terminate-is_asyncio]"
+			"test/engine/test_pool.py::PoolEventsTest::test_checkin_event_gc[not_has_terminate-is_asyncio]"
+			"test/engine/test_pool.py::QueuePoolTest::test_userspace_disconnectionerror_weakref_finalizer[True-_exclusions0]"
+			"test/engine/test_pool.py::QueuePoolTest::test_userspace_disconnectionerror_weakref_finalizer[True]"
+		)
+	fi
+
+	# upstream's test suite is horribly hacky; it relies on disabling
+	# the warnings plugin and turning warnings into errors;  this also
+	# means that any DeprecationWarnings from third-party plugins cause
+	# everything to explode
+	epytest --reruns-delay=2 -m "not gc_intensive and not timing_intensive and not mypy"
+}
+
+python_install_all() {
+	if use examples; then
+		docompress -x "/usr/share/doc/${PF}/examples"
+		dodoc -r examples
+	fi
+
+	distutils-r1_python_install_all
+}
+
+pkg_postinst() {
+	optfeature "asyncio support" dev-python/greenlet
+	optfeature "MySQL support" \
+		dev-python/mysqlclient \
+		dev-python/pymysql
+	optfeature "postgresql support" dev-python/psycopg:2
+}