A cutting tool includes a base body and a cutting head at least partially disposed within a modular pocket of the base body. The modular pocket is formed by at least one wall section removably attached to the base body. In one variation, a non-removable portion of the base body also forms part of the modular pocket. In another variation, the modular pocket is formed by two removable wall sections on opposite sides of the modular pocket. In yet another variation, the removable wall sections include a clamping portion to exert a downward force on the cutting head to enable mounting the cutting head in the modular pocket using an interference fit.