During machining processes, a high temperature is generated in the cutting zone due to deformation of the material and friction of the chip along the surface of the tool. This high temperature has a detrimental effect on the cutting tool, and for this reason, it is of the utmost importance to assess the cutting temperature in real time during these processes. Despite all the advances and investigation in this field, accurately measuring the cutting temperature remains a great challenge. In this sense, this work intends to contribute to solving this problem by experimentally evaluating the potential of the developed approach for embedding thermocouples into the rake face of cutting tools for measuring cutting temperature in real time during dry turning of AISI 1045 steel for different cutting parameters and comparing the obtained results with infrared thermography measurements at the exact same point. A well-defined, smooth micro-groove with good surface quality was produced by laser surface modification. Then a laser-welded K-type thermocouple was fixated in the micro-groove with a MgO ceramic adhesive, ensuring protection from wear and chips, which allowed the creation of WC-Co cutting inserts with the ability to measure cutting tool temperature with a maximum error of 0.96%. Results showed that, despite yielding the same trend, the tool temperature measured by the IR thermographic camera was always lower than the temperature measured by the K-type embedded thermocouple. The proposed embedded thermocouple method proved to be a reliable, precise, accurate, and cost-effective approach for real-time temperature measurement capable of providing useful information for cutting parameter optimization, thus allowing increased productivity and tool life.