--- squashfs-tools/Makefile
+++ squashfs-tools/Makefile
@@ -122,12 +122,17 @@
 	-D_LARGEFILE_SOURCE -D_GNU_SOURCE -DCOMP_DEFAULT=\"$(COMP_DEFAULT)\" \
 	-Wall
 
+ifeq ($(LINK_COMPRESSION_LIBS_STATICALLY),1)
+LINK_STATICALLY_PRE:=-Wl,-Bstatic
+LINK_STATICALLY_POST:=-Wl,-Bdynamic
+endif
+
 LIBS = -lpthread -lm
 ifeq ($(GZIP_SUPPORT),1)
 CFLAGS += -DGZIP_SUPPORT
 MKSQUASHFS_OBJS += gzip_wrapper.o
 UNSQUASHFS_OBJS += gzip_wrapper.o
-LIBS += -lz
+LIBS += $(LINK_STATICALLY_PRE) -lz $(LINK_STATICALLY_POST)
 COMPRESSORS += gzip
 endif
 
@@ -145,7 +150,7 @@
 CFLAGS += -DLZMA_SUPPORT
 MKSQUASHFS_OBJS += lzma_xz_wrapper.o
 UNSQUASHFS_OBJS += lzma_xz_wrapper.o
-LIBS += -llzma
+LIBS += $(LINK_STATICALLY_PRE) -llzma $(LINK_STATICALLY_POST)
 COMPRESSORS += lzma
 endif
 
@@ -158,7 +163,7 @@
 CFLAGS += -DXZ_SUPPORT
 MKSQUASHFS_OBJS += xz_wrapper.o
 UNSQUASHFS_OBJS += xz_wrapper.o
-LIBS += -llzma
+LIBS += $(LINK_STATICALLY_PRE) -llzma $(LINK_STATICALLY_POST)
 COMPRESSORS += xz
 endif
 
@@ -170,7 +175,7 @@
 endif
 MKSQUASHFS_OBJS += lzo_wrapper.o
 UNSQUASHFS_OBJS += lzo_wrapper.o
-LIBS += $(LZO_LIBDIR) -llzo2
+LIBS += $(LZO_LIBDIR) $(LINK_STATICALLY_PRE) -llzo2 $(LINK_STATICALLY_POST)
 COMPRESSORS += lzo
 endif
 
@@ -178,7 +183,7 @@
 CFLAGS += -DLZ4_SUPPORT
 MKSQUASHFS_OBJS += lz4_wrapper.o
 UNSQUASHFS_OBJS += lz4_wrapper.o
-LIBS += -llz4
+LIBS += $(LINK_STATICALLY_PRE) -llz4 $(LINK_STATICALLY_POST)
 COMPRESSORS += lz4
 endif