diff --git a/package/libiio/Config.in b/package/libiio/Config.in
index 75f6f3a847..baa163126a 100644
--- a/package/libiio/Config.in
+++ b/package/libiio/Config.in
@@ -96,7 +96,7 @@ config BR2_PACKAGE_LIBIIO_BINDINGS_CSHARP
 
 config BR2_PACKAGE_LIBIIO_BINDINGS_PYTHON
 	bool "Install Python bindings"
-	depends on BR2_PACKAGE_PYTHON
+	depends on BR2_PACKAGE_PYTHON || BR2_PACKAGE_PYTHON3
 	help
 	  Install the Python bindings.
 
diff --git a/package/libiio/libiio.mk b/package/libiio/libiio.mk
index d066ae0314..0b13064085 100644
--- a/package/libiio/libiio.mk
+++ b/package/libiio/libiio.mk
@@ -60,7 +60,11 @@ LIBIIO_DEPENDENCIES += avahi
 endif
 
 ifeq ($(BR2_PACKAGE_LIBIIO_BINDINGS_PYTHON),y)
+ifeq ($(BR2_PACKAGE_PYTHON),y)
 LIBIIO_DEPENDENCIES += python
+else ifeq ($(BR2_PACKAGE_PYTHON3),y)
+LIBIIO_DEPENDENCIES += python3
+endif
 LIBIIO_CONF_OPTS += -DPYTHON_BINDINGS=ON
 else
 LIBIIO_CONF_OPTS += -DPYTHON_BINDINGS=OFF