diff --git a/Makefile b/Makefile
index f7584fee14a0..1b2691057cb5 100644
--- a/Makefile
+++ b/Makefile
@@ -1034,8 +1034,13 @@ init-y		:= $(patsubst %/, %/built-in.a, $(init-y))
 core-y		:= $(patsubst %/, %/built-in.a, $(core-y))
 drivers-y	:= $(patsubst %/, %/built-in.a, $(drivers-y))
 net-y		:= $(patsubst %/, %/built-in.a, $(net-y))
+libs-y2		:= $(patsubst %/, %/built-in.a, $(filter %/, $(libs-y)))
+ifdef CONFIG_MODULES
+libs-y1		:= $(filter-out %/, $(libs-y))
+libs-y2		+= $(patsubst %/, %/lib.a, $(filter %/, $(libs-y)))
+else
 libs-y1		:= $(patsubst %/, %/lib.a, $(libs-y))
-libs-y2		:= $(patsubst %/, %/built-in.a, $(filter-out %.a, $(libs-y)))
+endif
 virt-y		:= $(patsubst %/, %/built-in.a, $(virt-y))
 
 # Externally visible symbols (used by link-vmlinux.sh)
diff --git a/scripts/Makefile.build b/scripts/Makefile.build
index eec789d7a63a..9fcbfac15d1d 100644
--- a/scripts/Makefile.build
+++ b/scripts/Makefile.build
@@ -65,7 +65,6 @@ endif
 
 ifneq ($(strip $(lib-y) $(lib-m) $(lib-)),)
 lib-target := $(obj)/lib.a
-real-obj-y += $(obj)/lib-ksyms.o
 endif
 
 ifdef need-builtin
@@ -410,22 +409,6 @@ $(lib-target): $(lib-y) FORCE
 
 targets += $(lib-target)
 
-dummy-object = $(obj)/.lib_exports.o
-ksyms-lds = $(dot-target).lds
-
-quiet_cmd_export_list = EXPORTS $@
-cmd_export_list = $(OBJDUMP) -h $< | \
-	sed -ne '/___ksymtab/s/.*+\([^ ]*\).*/EXTERN(\1)/p' >$(ksyms-lds);\
-	rm -f $(dummy-object);\
-	echo | $(CC) $(a_flags) -c -o $(dummy-object) -x assembler -;\
-	$(LD) $(ld_flags) -r -o $@ -T $(ksyms-lds) $(dummy-object);\
-	rm $(dummy-object) $(ksyms-lds)
-
-$(obj)/lib-ksyms.o: $(lib-target) FORCE
-	$(call if_changed,export_list)
-
-targets += $(obj)/lib-ksyms.o
-
 endif
 
 # NOTE: