diff --git a/crates/aiken/src/cmd/deps/clear_cache.rs b/crates/aiken/src/cmd/deps/clear_cache.rs
new file mode 100644
index 00000000..a0c4d15c
--- /dev/null
+++ b/crates/aiken/src/cmd/deps/clear_cache.rs
@@ -0,0 +1,38 @@
+use aiken_project::{paths, pretty};
+use miette::IntoDiagnostic;
+use owo_colors::OwoColorize;
+use std::fs;
+
+pub fn exec() -> miette::Result<()> {
+    let dir = paths::packages_cache();
+    println!(
+        "{} {}",
+        pretty::pad_left("Clearing".to_string(), 13, " ")
+            .bold()
+            .purple(),
+        dir.display().bold(),
+    );
+    let packages = fs::read_dir(&dir).into_diagnostic()?;
+    for package in packages {
+        let path = package.into_diagnostic()?.path();
+        println!(
+            "{} {}",
+            pretty::pad_left("Removing".to_string(), 13, " ")
+                .bold()
+                .purple(),
+            path.file_name()
+                .unwrap_or_default()
+                .to_str()
+                .unwrap_or_default()
+                .bright_blue(),
+        );
+        fs::remove_file(path).into_diagnostic()?;
+    }
+    println!(
+        "{}",
+        pretty::pad_left("Done".to_string(), 13, " ")
+            .bold()
+            .purple()
+    );
+    Ok(())
+}
diff --git a/crates/aiken/src/cmd/deps/mod.rs b/crates/aiken/src/cmd/deps/mod.rs
new file mode 100644
index 00000000..cc35df18
--- /dev/null
+++ b/crates/aiken/src/cmd/deps/mod.rs
@@ -0,0 +1,17 @@
+pub mod clear_cache;
+
+use clap::Subcommand;
+
+/// Managing project dependencies
+#[derive(Subcommand)]
+#[clap(setting(clap::AppSettings::DeriveDisplayOrder))]
+pub enum Cmd {
+    /// Clear the system-wide dependencies cache
+    ClearCache,
+}
+
+pub fn exec(cmd: Cmd) -> miette::Result<()> {
+    match cmd {
+        Cmd::ClearCache => clear_cache::exec(),
+    }
+}
diff --git a/crates/aiken/src/cmd/mod.rs b/crates/aiken/src/cmd/mod.rs
index b3b837cb..9bfd480b 100644
--- a/crates/aiken/src/cmd/mod.rs
+++ b/crates/aiken/src/cmd/mod.rs
@@ -1,5 +1,6 @@
 pub mod build;
 pub mod check;
+pub mod deps;
 pub mod docs;
 pub mod error;
 pub mod fmt;
diff --git a/crates/aiken/src/main.rs b/crates/aiken/src/main.rs
index 9413416f..ebb977eb 100644
--- a/crates/aiken/src/main.rs
+++ b/crates/aiken/src/main.rs
@@ -1,4 +1,4 @@
-use aiken::cmd::{build, check, docs, fmt, lsp, new, tx, uplc};
+use aiken::cmd::{build, check, deps, docs, fmt, lsp, new, tx, uplc};
 use clap::Parser;
 
 /// Aiken: a smart-contract language and toolchain for Cardano
@@ -13,14 +13,17 @@ pub enum Cmd {
     Check(check::Args),
     Docs(docs::Args),
 
-    #[clap(hide = true)]
-    Lsp(lsp::Args),
+    #[clap(subcommand)]
+    Deps(deps::Cmd),
 
     #[clap(subcommand)]
     Tx(tx::Cmd),
 
     #[clap(subcommand)]
     Uplc(uplc::Cmd),
+
+    #[clap(hide = true)]
+    Lsp(lsp::Args),
 }
 
 impl Default for Cmd {
@@ -36,6 +39,7 @@ fn main() -> miette::Result<()> {
         Cmd::Fmt(args) => fmt::exec(args),
         Cmd::Build(args) => build::exec(args),
         Cmd::Docs(args) => docs::exec(args),
+        Cmd::Deps(args) => deps::exec(args),
         Cmd::Check(args) => check::exec(args),
         Cmd::Lsp(args) => lsp::exec(args),
         Cmd::Tx(sub_cmd) => tx::exec(sub_cmd),