diff --git a/integrations/ollama/src/haystack_integrations/components/generators/ollama/generator.py b/integrations/ollama/src/haystack_integrations/components/generators/ollama/generator.py
index f9906c3fb..2582cf9c8 100644
--- a/integrations/ollama/src/haystack_integrations/components/generators/ollama/generator.py
+++ b/integrations/ollama/src/haystack_integrations/components/generators/ollama/generator.py
@@ -2,9 +2,10 @@
 from typing import Any, Callable, Dict, List, Optional
 
 import requests
-from haystack import component
+from haystack import component, default_from_dict, default_to_dict
 from haystack.dataclasses import StreamingChunk
 from requests import Response
+from haystack.components.generators.utils import serialize_callback_handler, deserialize_callback_handler
 
 
 @component
@@ -51,6 +52,37 @@ def __init__(
         self.generation_kwargs = generation_kwargs or {}
         self.streaming_callback = streaming_callback
 
+    def to_dict(self) -> Dict[str, Any]:
+        """
+        Serialize this component to a dictionary.
+        :return: The serialized component as a dictionary.
+        """
+        callback_name = serialize_callback_handler(self.streaming_callback) if self.streaming_callback else None
+        return default_to_dict(
+            self,
+            timeout=self.timeout,
+            raw=self.raw,
+            template=self.template,
+            system_prompt=self.system_prompt,
+            model=self.model,
+            url=self.url,
+            generation_kwargs=self.generation_kwargs,
+            streaming_callback=callback_name,
+        )
+
+    @classmethod
+    def from_dict(cls, data: Dict[str, Any]) -> "OllamaGenerator":
+        """
+        Deserialize this component from a dictionary.
+        :param data: The dictionary representation of this component.
+        :return: The deserialized component instance.
+        """
+        init_params = data.get("init_parameters", {})
+        serialized_callback_handler = init_params.get("streaming_callback")
+        if serialized_callback_handler:
+            data["init_parameters"]["streaming_callback"] = deserialize_callback_handler(serialized_callback_handler)
+        return default_from_dict(cls, data)
+    
     def _create_json_payload(self, prompt: str, stream: bool, generation_kwargs=None) -> Dict[str, Any]:
         """
         Returns a dictionary of JSON arguments for a POST request to an Ollama service.
diff --git a/integrations/ollama/tests/test_generator.py b/integrations/ollama/tests/test_generator.py
index 59d778333..4bae7eb67 100644
--- a/integrations/ollama/tests/test_generator.py
+++ b/integrations/ollama/tests/test_generator.py
@@ -2,9 +2,12 @@
 #
 # SPDX-License-Identifier: Apache-2.0
 
+from typing import Any
+from _pytest.monkeypatch import MonkeyPatch
 import pytest
 from haystack.dataclasses import StreamingChunk
 from haystack_integrations.components.generators.ollama import OllamaGenerator
+from haystack.components.generators.utils import print_streaming_chunk
 from requests import HTTPError
 
 
@@ -66,6 +69,64 @@ def callback(x: StreamingChunk):
         assert component.timeout == 5
         assert component.streaming_callback == callback
 
+        component = OllamaGenerator()
+        data = component.to_dict()
+        assert data == {
+            "type": "haystack_integrations.components.generators.ollama.generator.OllamaGenerator",
+            "init_parameters": {
+                "timeout": 120,
+                "raw": False,
+                "template": None,
+                "system_prompt": None,
+                "model": "orca-mini",
+                "url": "http://localhost:11434/api/generate",
+                "streaming_callback": None,
+                "generation_kwargs": {},
+            },
+        }
+
+    def test_to_dict_with_parameters(self):
+        component = OllamaGenerator(
+            model="llama2",
+            streaming_callback=print_streaming_chunk,
+            url="going_to_51_pegasi_b_for_weekend",
+            generation_kwargs={"max_tokens": 10, "some_test_param": "test-params"},
+        )
+        data = component.to_dict()
+        assert data == {
+            "type": "haystack_integrations.components.generators.ollama.generator.OllamaGenerator",
+            "init_parameters": {
+                "timeout": 120,
+                "raw": False,
+                "template": None,
+                "system_prompt": None,
+                "model": "llama2",
+                "url": "going_to_51_pegasi_b_for_weekend",
+                "streaming_callback": "haystack.components.generators.utils.print_streaming_chunk",
+                "generation_kwargs": {"max_tokens": 10, "some_test_param": "test-params"},
+            },
+        }
+
+    def test_from_dict(self):
+        data = {
+            "type": "haystack_integrations.components.generators.ollama.generator.OllamaGenerator",
+            "init_parameters": {
+                "timeout": 120,
+                "raw": False,
+                "template": None,
+                "system_prompt": None,
+                "model": "llama2",
+                "url": "going_to_51_pegasi_b_for_weekend",
+                "streaming_callback": "haystack.components.generators.utils.print_streaming_chunk",
+                "generation_kwargs": {"max_tokens": 10, "some_test_param": "test-params"},
+            },
+        }
+        component = OllamaGenerator.from_dict(data)
+        assert component.model == "llama2"
+        assert component.streaming_callback is print_streaming_chunk
+        assert component.url == "going_to_51_pegasi_b_for_weekend"
+        assert component.generation_kwargs == {"max_tokens": 10, "some_test_param": "test-params"}
+
     @pytest.mark.parametrize(
         "configuration",
         [
@@ -86,7 +147,7 @@ def callback(x: StreamingChunk):
         ],
     )
     @pytest.mark.parametrize("stream", [True, False])
-    def test_create_json_payload(self, configuration, stream):
+    def test_create_json_payload(self, configuration: dict[str, Any], stream: bool):
         prompt = "hello"
         component = OllamaGenerator(**configuration)