diff --git a/llvm/CMakeLists.txt b/llvm/CMakeLists.txt
--- a/llvm/CMakeLists.txt
+++ b/llvm/CMakeLists.txt
@@ -486,6 +486,8 @@
 
 set(LLVM_ENABLE_ZSTD "ON" CACHE STRING "Use zstd for compression/decompression if available. Can be ON, OFF, or FORCE_ON")
 
+set(LLVM_PREFER_STATIC_ZSTD TRUE CACHE BOOL "Use static version of zstd if available. Can be TRUE, FALSE")
+
 set(LLVM_ENABLE_CURL "OFF" CACHE STRING "Use libcurl for the HTTP client if available. Can be ON, OFF, or FORCE_ON")
 
 set(LLVM_ENABLE_HTTPLIB "OFF" CACHE STRING "Use cpp-httplib HTTP server library if available. Can be ON, OFF, or FORCE_ON")
diff --git a/llvm/cmake/modules/LLVMConfig.cmake.in b/llvm/cmake/modules/LLVMConfig.cmake.in
--- a/llvm/cmake/modules/LLVMConfig.cmake.in
+++ b/llvm/cmake/modules/LLVMConfig.cmake.in
@@ -75,7 +75,6 @@
 
 set(LLVM_ENABLE_ZSTD @LLVM_ENABLE_ZSTD@)
 if(LLVM_ENABLE_ZSTD)
-  set(zstd_ROOT @zstd_ROOT@)
   find_package(zstd)
 endif()
 
diff --git a/llvm/lib/Support/CMakeLists.txt b/llvm/lib/Support/CMakeLists.txt
--- a/llvm/lib/Support/CMakeLists.txt
+++ b/llvm/lib/Support/CMakeLists.txt
@@ -22,11 +22,29 @@
 endif()
 
 if(LLVM_ENABLE_ZLIB)
-  set(imported_libs ZLIB::ZLIB)
+  list(APPEND imported_libs ZLIB::ZLIB)
+endif()
+
+set(zstd_target none)
+
+if(LLVM_ENABLE_ZSTD)
+  if(LLVM_PREFER_STATIC_ZSTD)
+    if(TARGET zstd::libzstd_static)
+      set(zstd_target zstd::libzstd_static)
+    else()
+      set(zstd_target zstd::libzstd_shared)
+    endif()
+  else()
+    if(TARGET zstd::libzstd_shared)
+      set(zstd_target zstd::libzstd_shared)
+    else()
+      set(zstd_target zstd::libzstd_static)
+    endif()
+  endif()
 endif()
 
 if(LLVM_ENABLE_ZSTD)
-  list(APPEND imported_libs zstd::libzstd_shared)
+  list(APPEND imported_libs ${zstd_target})
 endif()
 
 if( MSVC OR MINGW )
@@ -301,11 +319,12 @@
   # CMAKE_BUILD_TYPE is only meaningful to single-configuration generators.
   if(CMAKE_BUILD_TYPE)
     string(TOUPPER ${CMAKE_BUILD_TYPE} build_type)
-    get_property(zstd_library TARGET zstd::libzstd_shared PROPERTY LOCATION_${build_type})
+    get_property(zstd_library TARGET ${zstd_target} PROPERTY LOCATION_${build_type})
   endif()
   if(NOT zstd_library)
-    get_property(zstd_library TARGET zstd::libzstd_shared PROPERTY LOCATION)
+    get_property(zstd_library TARGET ${zstd_target} PROPERTY LOCATION)
   endif()
+  get_library_name(${zstd_library} zstd_library)
   set(llvm_system_libs ${llvm_system_libs} "${zstd_library}")
 endif()
 
diff --git a/llvm/tools/llvm-config/CMakeLists.txt b/llvm/tools/llvm-config/CMakeLists.txt
--- a/llvm/tools/llvm-config/CMakeLists.txt
+++ b/llvm/tools/llvm-config/CMakeLists.txt
@@ -17,9 +17,14 @@
 # Compute the substitution values for various items.
 get_property(SUPPORT_SYSTEM_LIBS TARGET LLVMSupport PROPERTY LLVM_SYSTEM_LIBS)
 get_property(WINDOWSMANIFEST_SYSTEM_LIBS TARGET LLVMWindowsManifest PROPERTY LLVM_SYSTEM_LIBS)
+
 foreach(l ${SUPPORT_SYSTEM_LIBS} ${WINDOWSMANIFEST_SYSTEM_LIBS})
   if(MSVC)
-    set(SYSTEM_LIBS ${SYSTEM_LIBS} "${l}.lib")
+    if(IS_ABSOLUTE ${l})
+      set(SYSTEM_LIBS ${SYSTEM_LIBS} "${l}")
+    else()
+      set(SYSTEM_LIBS ${SYSTEM_LIBS} "${l}.lib")
+    endif()
   else()
     if (l MATCHES "^-")
       # If it's an option, pass it without changes.
@@ -34,6 +39,7 @@
     endif()
   endif()
 endforeach()
+
 string(REPLACE ";" " " SYSTEM_LIBS "${SYSTEM_LIBS}")
 
 # Fetch target specific compile options, e.g. RTTI option