diff --git a/src/client/index.ts b/src/client/index.ts
index 5649866a..c3662b29 100644
--- a/src/client/index.ts
+++ b/src/client/index.ts
@@ -1,36 +1,38 @@
 import { ProgressCallback, Protocol } from "../shared/protocol.js";
 import { Transport } from "../shared/transport.js";
 import {
+  CallToolRequest,
+  CallToolResultSchema,
   ClientNotification,
   ClientRequest,
   ClientResult,
+  CompatibilityCallToolResultSchema,
+  CompleteRequest,
+  CompleteResultSchema,
+  EmptyResultSchema,
+  GetPromptRequest,
+  GetPromptResultSchema,
   Implementation,
   InitializeResultSchema,
+  LATEST_PROTOCOL_VERSION,
+  ListPromptsRequest,
+  ListPromptsResultSchema,
+  ListResourcesRequest,
+  ListResourcesResultSchema,
+  ListResourceTemplatesRequest,
+  ListResourceTemplatesResultSchema,
+  ListToolsRequest,
+  ListToolsResultSchema,
+  LoggingLevel,
   Notification,
-  PROTOCOL_VERSION,
+  ReadResourceRequest,
+  ReadResourceResultSchema,
   Request,
   Result,
   ServerCapabilities,
-  CompleteRequest,
-  GetPromptRequest,
-  ListPromptsRequest,
-  ListResourcesRequest,
-  ReadResourceRequest,
   SubscribeRequest,
-  UnsubscribeRequest,
-  CallToolRequest,
-  ListToolsRequest,
-  CompleteResultSchema,
-  GetPromptResultSchema,
-  ListPromptsResultSchema,
-  ListResourcesResultSchema,
-  ReadResourceResultSchema,
-  CallToolResultSchema,
-  ListToolsResultSchema,
-  EmptyResultSchema,
-  LoggingLevel,
-  ListResourceTemplatesRequest,
-  ListResourceTemplatesResultSchema,
+  SUPPORTED_PROTOCOL_VERSIONS,
+  UnsubscribeRequest
 } from "../types.js";
 
 /**
@@ -84,7 +86,7 @@ export class Client<
       {
         method: "initialize",
         params: {
-          protocolVersion: PROTOCOL_VERSION,
+          protocolVersion: LATEST_PROTOCOL_VERSION,
           capabilities: {},
           clientInfo: this._clientInfo,
         },
@@ -96,7 +98,7 @@ export class Client<
       throw new Error(`Server sent invalid initialize result: ${result}`);
     }
 
-    if (result.protocolVersion !== PROTOCOL_VERSION) {
+    if (!SUPPORTED_PROTOCOL_VERSIONS.includes(result.protocolVersion)) {
       throw new Error(
         `Server's protocol version is not supported: ${result.protocolVersion}`,
       );
@@ -217,11 +219,12 @@ export class Client<
 
   async callTool(
     params: CallToolRequest["params"],
+    resultSchema: typeof CallToolResultSchema | typeof CompatibilityCallToolResultSchema = CallToolResultSchema,
     onprogress?: ProgressCallback,
   ) {
     return this.request(
       { method: "tools/call", params },
-      CallToolResultSchema,
+      resultSchema,
       onprogress,
     );
   }
diff --git a/src/server/index.ts b/src/server/index.ts
index dc546625..8cf2a919 100644
--- a/src/server/index.ts
+++ b/src/server/index.ts
@@ -1,30 +1,31 @@
 import { ProgressCallback, Protocol } from "../shared/protocol.js";
 import {
   ClientCapabilities,
+  CreateMessageRequest,
+  CreateMessageResultSchema,
+  EmptyResultSchema,
   Implementation,
   InitializedNotificationSchema,
   InitializeRequest,
   InitializeRequestSchema,
   InitializeResult,
+  LATEST_PROTOCOL_VERSION,
+  ListPromptsRequestSchema,
+  ListResourcesRequestSchema,
+  ListRootsRequest,
+  ListRootsResultSchema,
+  ListToolsRequestSchema,
+  LoggingMessageNotification,
   Notification,
-  PROTOCOL_VERSION,
   Request,
+  ResourceUpdatedNotification,
   Result,
+  ServerCapabilities,
   ServerNotification,
   ServerRequest,
   ServerResult,
-  ServerCapabilities,
-  ListResourcesRequestSchema,
-  ListToolsRequestSchema,
-  ListPromptsRequestSchema,
   SetLevelRequestSchema,
-  CreateMessageRequest,
-  CreateMessageResultSchema,
-  EmptyResultSchema,
-  LoggingMessageNotification,
-  ResourceUpdatedNotification,
-  ListRootsRequest,
-  ListRootsResultSchema,
+  SUPPORTED_PROTOCOL_VERSIONS
 } from "../types.js";
 
 /**
@@ -86,17 +87,13 @@ export class Server<
   private async _oninitialize(
     request: InitializeRequest,
   ): Promise<InitializeResult> {
-    if (request.params.protocolVersion !== PROTOCOL_VERSION) {
-      throw new Error(
-        `Client's protocol version is not supported: ${request.params.protocolVersion}`,
-      );
-    }
+    const requestedVersion = request.params.protocolVersion;
 
     this._clientCapabilities = request.params.capabilities;
     this._clientVersion = request.params.clientInfo;
 
     return {
-      protocolVersion: PROTOCOL_VERSION,
+      protocolVersion: SUPPORTED_PROTOCOL_VERSIONS.includes(requestedVersion) ? requestedVersion : LATEST_PROTOCOL_VERSION,
       capabilities: this.getCapabilities(),
       serverInfo: this._serverInfo,
     };
diff --git a/src/shared/protocol.ts b/src/shared/protocol.ts
index fdb117ca..22d2503f 100644
--- a/src/shared/protocol.ts
+++ b/src/shared/protocol.ts
@@ -1,4 +1,4 @@
-import { AnyZodObject, ZodLiteral, ZodObject, z } from "zod";
+import { ZodLiteral, ZodObject, ZodType, z } from "zod";
 import {
   ErrorCode,
   JSONRPCError,
@@ -250,7 +250,7 @@ export class Protocol<
    *
    * Do not use this method to emit notifications! Use notification() instead.
    */
-  request<T extends AnyZodObject>(
+  request<T extends ZodType<object>>(
     request: SendRequestT,
     resultSchema: T,
     onprogress?: ProgressCallback,
diff --git a/src/types.ts b/src/types.ts
index b22e8fb2..f932699e 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -1,6 +1,7 @@
 import { z } from "zod";
 
-export const PROTOCOL_VERSION = "2024-11-05";
+export const LATEST_PROTOCOL_VERSION = "2024-11-05";
+export const SUPPORTED_PROTOCOL_VERSIONS = [LATEST_PROTOCOL_VERSION, "2024-10-07"];
 
 /* JSON-RPC types */
 export const JSONRPC_VERSION = "2.0";
@@ -196,7 +197,7 @@ export const InitializeRequestSchema = RequestSchema.extend({
     /**
      * The latest version of the Model Context Protocol that the client supports. The client MAY decide to support older versions as well.
      */
-    protocolVersion: z.string().or(z.number().int()),
+    protocolVersion: z.string(),
     capabilities: ClientCapabilitiesSchema,
     clientInfo: ImplementationSchema,
   }),
@@ -268,7 +269,7 @@ export const InitializeResultSchema = ResultSchema.extend({
   /**
    * The version of the Model Context Protocol that the server wants to use. This may not match the version that the client requested. If the client cannot support this version, it MUST disconnect.
    */
-  protocolVersion: z.string().or(z.number().int()),
+  protocolVersion: z.string(),
   capabilities: ServerCapabilitiesSchema,
   serverInfo: ImplementationSchema,
 });
@@ -721,6 +722,13 @@ export const CallToolResultSchema = ResultSchema.extend({
   isError: z.boolean(),
 });
 
+/**
+ * CallToolResultSchema extended with backwards compatibility to protocol version 2024-10-07.
+ */
+export const CompatibilityCallToolResultSchema = CallToolResultSchema.or(ResultSchema.extend({
+  toolResult: z.unknown(),
+}));
+
 /**
  * Used by the client to invoke a tool provided by the server.
  */
@@ -1053,6 +1061,7 @@ export const ServerResultSchema = z.union([
   ListResourceTemplatesResultSchema,
   ReadResourceResultSchema,
   CallToolResultSchema,
+  CompatibilityCallToolResultSchema,
   ListToolsResultSchema,
 ]);
 
@@ -1147,6 +1156,7 @@ export type Tool = z.infer<typeof ToolSchema>;
 export type ListToolsRequest = z.infer<typeof ListToolsRequestSchema>;
 export type ListToolsResult = z.infer<typeof ListToolsResultSchema>;
 export type CallToolResult = z.infer<typeof CallToolResultSchema>;
+export type CompatibilityCallToolResult = z.infer<typeof CompatibilityCallToolResultSchema>;
 export type CallToolRequest = z.infer<typeof CallToolRequestSchema>;
 export type ToolListChangedNotification = z.infer<
   typeof ToolListChangedNotificationSchema