diff --git a/src/Makefile.am b/src/Makefile.am
index 1557a92..a9d29d4 100644
--- a/src/Makefile.am
+++ b/src/Makefile.am
@@ -64,7 +64,9 @@ pkg_static_LDADD= $(top_builddir)/libpkg/libpkg_static.la \
 			-lcrypto \
 			-lmd \
 			-lm
-if !LIBELF_BUNDLED
+if LIBELF_BUNDLED
+pkg_static_LDADD+=	$(top_builddir)/libpkg/libelf_static.la
+else
 pkg_static_LDADD+=	-lelf
 endif