diff --git a/fastapi/_compat/__init__.py b/fastapi/_compat/__init__.py
index a0bede3471..4581c38c88 100644
--- a/fastapi/_compat/__init__.py
+++ b/fastapi/_compat/__init__.py
@@ -19,7 +19,6 @@ from .shared import (
 from .shared import lenient_issubclass as lenient_issubclass
 from .shared import sequence_types as sequence_types
 from .shared import value_is_sequence as value_is_sequence
-from .v2 import Color as Color  # type: ignore[attr-defined]
 from .v2 import ModelField as ModelField
 from .v2 import PydanticSchemaGenerationError as PydanticSchemaGenerationError
 from .v2 import RequiredParam as RequiredParam
diff --git a/fastapi/_compat/v2.py b/fastapi/_compat/v2.py
index 8587393ea4..9dad514b95 100644
--- a/fastapi/_compat/v2.py
+++ b/fastapi/_compat/v2.py
@@ -23,7 +23,7 @@ from pydantic import PydanticSchemaGenerationError as PydanticSchemaGenerationEr
 from pydantic import PydanticUndefinedAnnotation as PydanticUndefinedAnnotation
 from pydantic import ValidationError as ValidationError
 from pydantic._internal import _typing_extra as _pydantic_typing_extra
-from pydantic._internal._schema_generation_shared import (  # type: ignore[attr-defined]
+from pydantic._internal._schema_generation_shared import (  # type: ignore[attr-defined]  # ty: ignore[unused-ignore-comment]
     GetJsonSchemaHandler as GetJsonSchemaHandler,
 )
 from pydantic.fields import FieldInfo as FieldInfo
@@ -39,21 +39,13 @@ from pydantic_core.core_schema import (
 RequiredParam = PydanticUndefined
 Undefined = PydanticUndefined
 
-# pydantic.color.Color is deprecated since v2.0b3
-try:
-    from pydantic_extra_types.color import Color
-except ImportError:  # pragma: no cover
-    from pydantic.color import (  # type: ignore[assignment]
-        Color,  # noqa: F401
-    )
-
 
 def define_forwardref() -> Callable[..., Any]:
     # eval_type_lenient has been deprecated since Pydantic v2.10.0b1 (PR #10530)
     try_eval_type = getattr(_pydantic_typing_extra, "try_eval_type", None)
     if try_eval_type is not None:
         return lambda *args: try_eval_type(*args)[0]
-    return _pydantic_typing_extra.eval_type_lenient  # pragma: no cover
+    return _pydantic_typing_extra.eval_type_lenient  # pragma: no cover  # ty: ignore[deprecated]
 
 
 evaluate_forwardref = define_forwardref()
diff --git a/fastapi/encoders.py b/fastapi/encoders.py
index 7c46072041..d34cd00976 100644
--- a/fastapi/encoders.py
+++ b/fastapi/encoders.py
@@ -27,11 +27,26 @@ from pydantic.types import SecretBytes, SecretStr
 from pydantic_core import PydanticUndefinedType
 
 from ._compat import (
-    Color,
     Url,
     is_pydantic_v1_model_instance,
 )
 
+try:
+    from pydantic.color import Color  # ty: ignore[deprecated]
+except ImportError:  # pragma: no cover
+
+    class Color:  # type: ignore[no-redef]  # ty: ignore[unused-ignore-comment]
+        pass
+
+
+# pydantic.color.Color is deprecated since v2.0b3 -> supporting the new one as well
+try:
+    from pydantic_extra_types.color import Color as PyExtraColor
+except ImportError:  # pragma: no cover
+
+    class PyExtraColor:  # type: ignore[no-redef]  # ty: ignore[unused-ignore-comment]
+        pass
+
 
 # Taken from Pydantic v1 as is
 def isoformat(o: datetime.date | datetime.time) -> str:
@@ -67,7 +82,8 @@ def decimal_encoder(dec_value: Decimal) -> int | float:
 
 ENCODERS_BY_TYPE: dict[type[Any], Callable[[Any], Any]] = {
     bytes: lambda o: o.decode(),
-    Color: str,  # ty: ignore[deprecated]
+    Color: str,
+    PyExtraColor: str,
     datetime.date: isoformat,
     datetime.datetime: isoformat,
     datetime.time: isoformat,