diff --git a/config/functions b/config/functions
index c0a3b8227c..20b7262ef6 100644
--- a/config/functions
+++ b/config/functions
@@ -1,24 +1,17 @@
 setup_toolchain() {
-  TARGET_AR_NM_RANLIB_PREFIX=""
-
   if [ "$LTO_SUPPORT" = "yes" ]; then
     if flag_enabled "lto-parallel" "no"; then
       TARGET_CFLAGS+=" $FLAGS_OPTIM_LTO_PARALLEL $FLAGS_OPTIM_LTO_NO_FAT"
       TARGET_CXXFLAGS+=" $FLAGS_OPTIM_LTO_PARALLEL $FLAGS_OPTIM_LTO_NO_FAT"
       TARGET_LDFLAGS+=" $LDFLAGS_OPTIM_LTO_COMMON $FLAGS_OPTIM_LTO_PARALLEL"
-      # static libs with lto info require gcc-ar/gcc-nm/gcc-ranlib instead of
-      # default binutils versions
-      TARGET_AR_NM_RANLIB_PREFIX="gcc-"
     elif flag_enabled "lto-fat" "no"; then
       TARGET_CFLAGS+=" $FLAGS_OPTIM_LTO_NO_PARALLEL $FLAGS_OPTIM_LTO_FAT"
       TARGET_CXXFLAGS+=" $FLAGS_OPTIM_LTO_NO_PARALLEL $FLAGS_OPTIM_LTO_FAT"
       TARGET_LDFLAGS+=" $LDFLAGS_OPTIM_LTO_COMMON $FLAGS_OPTIM_LTO_NO_PARALLEL"
-      TARGET_AR_NM_RANLIB_PREFIX="gcc-"
     elif flag_enabled "lto" "no"; then
       TARGET_CFLAGS+=" $FLAGS_OPTIM_LTO_NO_PARALLEL $FLAGS_OPTIM_LTO_NO_FAT"
       TARGET_CXXFLAGS+=" $FLAGS_OPTIM_LTO_NO_PARALLEL $FLAGS_OPTIM_LTO_NO_FAT"
       TARGET_LDFLAGS+=" $LDFLAGS_OPTIM_LTO_COMMON $FLAGS_OPTIM_LTO_NO_PARALLEL"
-      TARGET_AR_NM_RANLIB_PREFIX="gcc-"
     fi
   fi
 
@@ -69,9 +62,9 @@ setup_toolchain() {
       export CPP="${TARGET_PREFIX}cpp"
       export LD="${TARGET_PREFIX}ld"
       export AS="${TARGET_PREFIX}as"
-      export AR="${TARGET_PREFIX}${TARGET_AR_NM_RANLIB_PREFIX}ar"
-      export NM="${TARGET_PREFIX}${TARGET_AR_NM_RANLIB_PREFIX}nm"
-      export RANLIB="${TARGET_PREFIX}${TARGET_AR_NM_RANLIB_PREFIX}ranlib"
+      export AR="${TARGET_PREFIX}ar"
+      export NM="${TARGET_PREFIX}nm"
+      export RANLIB="${TARGET_PREFIX}ranlib"
       export OBJCOPY="${TARGET_PREFIX}objcopy"
       export OBJDUMP="${TARGET_PREFIX}objdump"
       export STRIP="${TARGET_PREFIX}strip"
diff --git a/packages/lang/gcc/package.mk b/packages/lang/gcc/package.mk
index 3f644bbd6b..7f91ce585b 100644
--- a/packages/lang/gcc/package.mk
+++ b/packages/lang/gcc/package.mk
@@ -117,6 +117,10 @@ EOF
 
   # To avoid cache trashing
   touch -c -t $DATE $CROSS_CXX
+
+  # install lto plugin for binutils
+  mkdir -p $TOOLCHAIN/lib/bfd-plugins
+    ln -sf ../gcc/$TARGET_NAME/$GCC_VERSION/liblto_plugin.so $TOOLCHAIN/lib/bfd-plugins
 }
 
 configure_target() {