Phosphorus is one of the essential macronutrients for plant growth. However, its low solubility and high fixation in soil restrict the root P uptake. Therefore, plants have evolved with several adaptations to combat soil P deficiency to allow their development. This includes modification in root architecture to increase surface area for P absorption. Similarly, plants undergo changes in the activity of P transporters and their regulatory elements to enhance the P uptake and distribution. The involvement of secreted purple acid phosphatases (PAPs) and organic acids helps to hydrolyse organic P available in the soil. In addition, plants increase the P-use efficiency (PUE) by utilising internal P and undergoing membrane lipid remodelling, releasing cytosolic Pi, and utilising vacuolar P. To date, various biotechnological approaches such as overexpression, knockout, and gene editing have been adopted to increase P absorption and availability for plants. Here, we review different biotechnological studies that have been undertaken for manipulating different P uptake and utilisation-associated genes. We discuss how targeting genes related to topsoil foraging, P transportation, metabolic pathways, and internal recycling could improve P acquisition and utilisation for plants. We also discuss several novel strategies that could serve as useful tools for crop improvement.