diff --git a/bolt/lib/Passes/IndirectCallPromotion.cpp b/bolt/lib/Passes/IndirectCallPromotion.cpp
--- a/bolt/lib/Passes/IndirectCallPromotion.cpp
+++ b/bolt/lib/Passes/IndirectCallPromotion.cpp
@@ -13,6 +13,7 @@
 #include "bolt/Passes/IndirectCallPromotion.h"
 #include "bolt/Passes/BinaryFunctionCallGraph.h"
 #include "bolt/Passes/DataflowInfoManager.h"
+#include "bolt/Passes/Inliner.h"
 #include "llvm/Support/CommandLine.h"
 
 #define DEBUG_TYPE "ICP"
@@ -120,6 +121,10 @@
         "for jump tables, optimize indirect jmp targets instead of indices"),
     cl::init(false), cl::ZeroOrMore, cl::Hidden, cl::cat(BoltOptCategory));
 
+static cl::opt<bool> ICPPeelForInline(
+    "icp-inline", cl::desc("only promote call targets eligible for inlining"),
+    cl::init(false), cl::ZeroOrMore, cl::Hidden, cl::cat(BoltOptCategory));
+
 } // namespace opts
 
 namespace llvm {
@@ -1038,6 +1043,20 @@
     }
   }
 
+  // Filter by inline-ability of target functions, stop at first target that
+  // can't be inlined.
+  if (opts::ICPPeelForInline) {
+    for (size_t I = 0; I < N; ++I) {
+      const MCSymbol *TargetSym = Targets[I].To.Sym;
+      const BinaryFunction *TargetBF = BC.getFunctionForSymbol(TargetSym);
+      if (!BinaryFunctionPass::shouldOptimize(*TargetBF) ||
+          getInliningInfo(*TargetBF).Type == InliningType::INL_NONE) {
+        N = I;
+        break;
+      }
+    }
+  }
+
   // Filter functions that can have ICP applied (for debugging)
   if (!opts::ICPFuncsList.empty()) {
     for (std::string &Name : opts::ICPFuncsList)