diff --git a/bolt/lib/Rewrite/RewriteInstance.cpp b/bolt/lib/Rewrite/RewriteInstance.cpp
--- a/bolt/lib/Rewrite/RewriteInstance.cpp
+++ b/bolt/lib/Rewrite/RewriteInstance.cpp
@@ -2350,7 +2350,7 @@
         continue;
     }
 
-    if (BC->getDynamicRelocationAt(Rel.getOffset())) {
+    if (!IsAArch64 && BC->getDynamicRelocationAt(Rel.getOffset())) {
       LLVM_DEBUG(
           dbgs() << "BOLT-DEBUG: address 0x"
                  << Twine::utohexstr(Rel.getOffset())
diff --git a/bolt/test/AArch64/constant_island_pie_update.s b/bolt/test/AArch64/constant_island_pie_update.s
new file mode 100644
--- /dev/null
+++ b/bolt/test/AArch64/constant_island_pie_update.s
@@ -0,0 +1,31 @@
+// This test checks that the constant island value is updated if it
+// has dynamic relocation.
+
+# RUN: llvm-mc -filetype=obj -triple aarch64-unknown-unknown \
+# RUN:   %s -o %t.o
+# RUN: %clang %cflags -fPIC -pie %t.o -o %t.exe -Wl,-q \
+# RUN:    -nostartfiles -nodefaultlibs -lc
+# RUN: llvm-bolt %t.exe -o %t.bolt -use-old-text=0 -lite=0
+# RUN: llvm-objdump -j .text -d %t.bolt | FileCheck %s
+
+# CHECK: bl 0x[[#%x,ADDR:]] <exitLocal>
+# CHECK: {{.*}} <$d>:
+# CHECK-NEXT: {{.*}} .word 0x{{[0]+}}[[#ADDR]]
+
+.global
+.type exitLocal, %function
+exitLocal:
+  bl exit
+
+.global _start
+.type _start, %function
+_start:
+  mov x0, #0
+  adr x1, .Lci
+  ldr x1, [x1]
+  blr x1
+  mov x0, #1
+  bl exitLocal
+  nop
+.Lci:
+  .xword exitLocal