diff --git a/plugins/module_utils/vendor/hcloud/_version.py b/plugins/module_utils/vendor/hcloud/_version.py
index d7f9786..ce6064e 100644
--- a/plugins/module_utils/vendor/hcloud/_version.py
+++ b/plugins/module_utils/vendor/hcloud/_version.py
@@ -1,3 +1,3 @@
 from __future__ import annotations
 
-VERSION = "1.31.0"  # x-release-please-version
+VERSION = "1.32.0"  # x-release-please-version
diff --git a/plugins/module_utils/vendor/hcloud/servers/client.py b/plugins/module_utils/vendor/hcloud/servers/client.py
index ea72851..b6da0d3 100644
--- a/plugins/module_utils/vendor/hcloud/servers/client.py
+++ b/plugins/module_utils/vendor/hcloud/servers/client.py
@@ -1,5 +1,6 @@
 from __future__ import annotations
 
+import warnings
 from typing import TYPE_CHECKING, Any, NamedTuple
 
 from ..actions import ActionsPageResult, BoundAction, ResourceActionsClient
@@ -21,6 +22,7 @@ from .domain import (
     PrivateNet,
     PublicNetwork,
     PublicNetworkFirewall,
+    RebuildResponse,
     RequestConsoleResponse,
     ResetPasswordResponse,
     Server,
@@ -299,13 +301,18 @@ class BoundServer(BoundModelBase, Server):
         """
         return self._client.create_image(self, description, type, labels)
 
-    def rebuild(self, image: Image | BoundImage) -> BoundAction:
+    def rebuild(
+        self,
+        image: Image | BoundImage,
+        *,
+        return_response: bool = False,
+    ) -> RebuildResponse | BoundAction:
         """Rebuilds a server overwriting its disk with the content of an image, thereby destroying all data on the target server.
 
-        :param image: :class:`BoundImage <hcloud.images.client.BoundImage>` or :class:`Image <hcloud.servers.domain.Image>`
-        :return:  :class:`BoundAction <hcloud.actions.client.BoundAction>`
+        :param image: Image to use for the rebuilt server
+        :param return_response: Whether to return the full response or only the action.
         """
-        return self._client.rebuild(self, image)
+        return self._client.rebuild(self, image, return_response=return_response)
 
     def change_type(
         self,
@@ -930,12 +937,14 @@ class ServersClient(ClientEntityBase):
         self,
         server: Server | BoundServer,
         image: Image | BoundImage,
-    ) -> BoundAction:
+        *,
+        return_response: bool = False,
+    ) -> RebuildResponse | BoundAction:
         """Rebuilds a server overwriting its disk with the content of an image, thereby destroying all data on the target server.
 
-        :param server: :class:`BoundServer <hcloud.servers.client.BoundServer>` or :class:`Server <hcloud.servers.domain.Server>`
-        :param image: :class:`BoundImage <hcloud.images.client.BoundImage>` or :class:`Image <hcloud.servers.domain.Image>`
-        :return:  :class:`BoundAction <hcloud.actions.client.BoundAction>`
+        :param server: Server to rebuild
+        :param image: Image to use for the rebuilt server
+        :param return_response: Whether to return the full response or only the action.
         """
         data: dict[str, Any] = {"image": image.id_or_name}
         response = self._client.request(
@@ -943,7 +952,22 @@ class ServersClient(ClientEntityBase):
             method="POST",
             json=data,
         )
-        return BoundAction(self._client.actions, response["action"])
+
+        rebuild_response = RebuildResponse(
+            action=BoundAction(self._client.actions, response["action"]),
+            root_password=response.get("root_password"),
+        )
+
+        if not return_response:
+            warnings.warn(
+                "Returning only the 'action' is deprecated, please set the "
+                "'return_response' keyword argument to 'True' to return the full "
+                "rebuild response and update your code accordingly.",
+                DeprecationWarning,
+                stacklevel=2,
+            )
+            return rebuild_response.action
+        return rebuild_response
 
     def enable_backup(self, server: Server | BoundServer) -> BoundAction:
         """Enables and configures the automatic daily backup option for the server. Enabling automatic backups will increase the price of the server by 20%.
diff --git a/plugins/module_utils/vendor/hcloud/servers/domain.py b/plugins/module_utils/vendor/hcloud/servers/domain.py
index b78dd59..71ca99d 100644
--- a/plugins/module_utils/vendor/hcloud/servers/domain.py
+++ b/plugins/module_utils/vendor/hcloud/servers/domain.py
@@ -247,6 +247,24 @@ class RequestConsoleResponse(BaseDomain):
         self.password = password
 
 
+class RebuildResponse(BaseDomain):
+    """Rebuild Response Domain
+
+    :param action: Shows the progress of the server rebuild action
+    :param root_password: The root password of the server when not using SSH keys
+    """
+
+    __slots__ = ("action", "root_password")
+
+    def __init__(
+        self,
+        action: BoundAction,
+        root_password: str | None,
+    ):
+        self.action = action
+        self.root_password = root_password
+
+
 class PublicNetwork(BaseDomain):
     """Public Network Domain
 
diff --git a/plugins/modules/hcloud_server.py b/plugins/modules/hcloud_server.py
index d949d26..e1f0aeb 100644
--- a/plugins/modules/hcloud_server.py
+++ b/plugins/modules/hcloud_server.py
@@ -853,7 +853,8 @@ class AnsibleHCloudServer(AnsibleHCloud):
             if not self.module.check_mode:
                 image = self._get_image(self.hcloud_server.server_type)
                 # When we rebuild the server progress takes some more time.
-                self.client.servers.rebuild(self.hcloud_server, image).wait_until_finished(1000)
+                resp = self.client.servers.rebuild(self.hcloud_server, image, return_response=True)
+                resp.action.wait_until_finished(1000)
             self._mark_as_changed()
 
             self._get_server()
diff --git a/scripts/vendor.py b/scripts/vendor.py
index b878842..7083db5 100755
--- a/scripts/vendor.py
+++ b/scripts/vendor.py
@@ -20,7 +20,7 @@ from textwrap import dedent
 logger = logging.getLogger("vendor")
 
 HCLOUD_SOURCE_URL = "https://github.com/hetznercloud/hcloud-python"
-HCLOUD_VERSION = "v1.31.0"
+HCLOUD_VERSION = "v1.32.0"
 HCLOUD_VENDOR_PATH = "plugins/module_utils/vendor/hcloud"