A tool coupling arrangement for drills and reamers includes tool and shank portions with respective tool and shank axial stoppers. An at least partially cylindrical tool coupling end of the tool portion is located within a longitudinal through forward bore portion in the shank portion, and being coupled therein via an elongated coupling member located further inwards in the shank portion and comprising axially opposite member coupling and pulling ends. The forward bore portion has front and rear sub-portions and a bore recess which is located therebetween and extends radially outwardly. In a locked position, the tool axial stopper abuts the shank axial stopper. The tool coupling end abuts the front and rear sub-portions. And the member coupling end is wedged between the tool coupling end and the bore recess.