diff --git a/.gitignore b/.gitignore
index 94e2ff665..e7a3affb9 100644
--- a/.gitignore
+++ b/.gitignore
@@ -13,6 +13,9 @@ imgaug/parameters-testcode.py
 imgaug/bak/*
 imgaug/quokka_depth_map.xcf
 
+# Generated files
+imgaug/__version__.py
+
 # Byte-compiled / optimized / DLL files
 __pycache__/
 *.py[cod]
diff --git a/imgaug/__init__.py b/imgaug/__init__.py
index fafbc1973..4919b48fe 100644
--- a/imgaug/__init__.py
+++ b/imgaug/__init__.py
@@ -13,4 +13,4 @@
 import imgaug.dtypes as dtypes
 import imgaug.data as data
 
-__version__ = '0.4.0'
+from .__version__ import __version__
diff --git a/pyproject.toml b/pyproject.toml
new file mode 100644
index 000000000..f1d95b3e8
--- /dev/null
+++ b/pyproject.toml
@@ -0,0 +1,83 @@
+[build-system]
+requires = ["setuptools>=61.2.0", "wheel", "setuptools_scm[toml]>=3.4.3"]
+build-backend = "setuptools.build_meta"
+
+[project]
+name = "imgaug"
+authors = [{name = "Alexander Jung", email = "kontakt@ajung.name"}]
+license = {text = "MIT"}
+description = "Image augmentation library for deep neural networks"
+keywords = [
+    "augmentation",
+    "image",
+    "deep learning",
+    "neural network",
+    "CNN",
+    "machine learning",
+    "computer vision",
+    "overfitting",
+]
+classifiers = [
+    "Development Status :: 4 - Beta",
+    "Intended Audience :: Science/Research",
+    "Intended Audience :: Developers",
+    "Intended Audience :: Information Technology",
+    "License :: OSI Approved :: MIT License",
+    "Natural Language :: English",
+    "Operating System :: OS Independent",
+    "Programming Language :: Python :: 2.7",
+    "Programming Language :: Python :: 3",
+    "Programming Language :: Python :: 3.4",
+    "Programming Language :: Python :: 3.5",
+    "Programming Language :: Python :: 3.6",
+    "Programming Language :: Python :: 3.7",
+    "Programming Language :: Python :: 3.8",
+    "Topic :: Scientific/Engineering :: Artificial Intelligence",
+    "Topic :: Scientific/Engineering :: Image Recognition",
+    "Topic :: Software Development :: Libraries :: Python Modules",
+]
+dependencies = [
+    "six",
+    "numpy>=1.15",
+    "scipy",
+    "Pillow",
+    "matplotlib",
+    "scikit-image>=0.14.2",
+    "imageio<=2.6.1; python_version<'3.5'",
+    "imageio; python_version>='3.5'",
+    "Shapely",
+]
+dynamic = ["version"]
+
+[project.readme]
+text = """
+A library for image augmentation in machine learning experiments, particularly convolutional
+neural networks. Supports the augmentation of images, keypoints/landmarks, bounding boxes, heatmaps and segmentation
+maps in a variety of different ways."""
+file = "README.md"
+content-type = "text/markdown"
+
+[project.urls]
+Homepage = "https://github.com/aleju/imgaug"
+Download = "https://github.com/aleju/imgaug/archive/0.4.0.tar.gz"
+
+[tool.setuptools]
+include-package-data = true
+
+[tool.setuptools.packages]
+find = {namespaces = false}
+
+[tool.setuptools.package-data]
+"*" = ["LICENSE"] # README.md; requirements.txt
+imgaug = [
+    "DejaVuSans.ttf",
+    "quokka.jpg",
+    "quokka_annotations.json",
+    "quokka_depth_map_halfres.png",
+]
+"imgaug.checks" = ["README.md"]
+
+
+[tool.setuptools_scm]
+write_to = "imgaug/__version__.py"
+write_to_template = "__version__ = '{version}'\n"
diff --git a/setup.cfg b/setup.cfg
deleted file mode 100644
index b88034e41..000000000
--- a/setup.cfg
+++ /dev/null
@@ -1,2 +0,0 @@
-[metadata]
-description-file = README.md
diff --git a/setup.py b/setup.py
index 711e25601..6099b555a 100644
--- a/setup.py
+++ b/setup.py
@@ -4,10 +4,6 @@
 from pkg_resources import get_distribution, DistributionNotFound
 from setuptools import setup, find_packages
 
-long_description = """A library for image augmentation in machine learning experiments, particularly convolutional
-neural networks. Supports the augmentation of images, keypoints/landmarks, bounding boxes, heatmaps and segmentation
-maps in a variety of different ways."""
-
 INSTALL_REQUIRES = [
     "six",
     "numpy>=1.15",
@@ -56,43 +52,4 @@ def get_install_requirements(main_requires, alternative_requires):
 
 INSTALL_REQUIRES = get_install_requirements(INSTALL_REQUIRES, ALT_INSTALL_REQUIRES)
 
-setup(
-    name="imgaug",
-    version="0.4.0",
-    author="Alexander Jung",
-    author_email="kontakt@ajung.name",
-    url="https://github.com/aleju/imgaug",
-    download_url="https://github.com/aleju/imgaug/archive/0.4.0.tar.gz",
-    install_requires=INSTALL_REQUIRES,
-    packages=find_packages(),
-    include_package_data=True,
-    package_data={
-        "": ["LICENSE", "README.md", "requirements.txt"],
-        "imgaug": ["DejaVuSans.ttf", "quokka.jpg", "quokka_annotations.json", "quokka_depth_map_halfres.png"],
-        "imgaug.checks": ["README.md"]
-    },
-    license="MIT",
-    description="Image augmentation library for deep neural networks",
-    long_description=long_description,
-    keywords=["augmentation", "image", "deep learning", "neural network", "CNN", "machine learning",
-              "computer vision", "overfitting"],
-    classifiers=[
-        "Development Status :: 4 - Beta",
-        "Intended Audience :: Science/Research",
-        "Intended Audience :: Developers",
-        "Intended Audience :: Information Technology",
-        "License :: OSI Approved :: MIT License",
-        "Natural Language :: English",
-        "Operating System :: OS Independent",
-        "Programming Language :: Python :: 2.7",
-        "Programming Language :: Python :: 3",
-        "Programming Language :: Python :: 3.4",
-        "Programming Language :: Python :: 3.5",
-        "Programming Language :: Python :: 3.6",
-        "Programming Language :: Python :: 3.7",
-        "Programming Language :: Python :: 3.8",
-        "Topic :: Scientific/Engineering :: Artificial Intelligence",
-        "Topic :: Scientific/Engineering :: Image Recognition",
-        "Topic :: Software Development :: Libraries :: Python Modules"
-    ]
-)
+setup(install_requires=INSTALL_REQUIRES)