diff --git a/llvm/CMakeLists.txt b/llvm/CMakeLists.txt
--- a/llvm/CMakeLists.txt
+++ b/llvm/CMakeLists.txt
@@ -486,7 +486,7 @@
 
 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_USE_STATIC_ZSTD FALSE CACHE BOOL "Use static version of zstd. 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")
 
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
@@ -25,21 +25,11 @@
   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()
+  if(TARGET zstd::libzstd_shared AND NOT LLVM_USE_STATIC_ZSTD)
+    set(zstd_target zstd::libzstd_shared)
   else()
-    if(TARGET zstd::libzstd_shared)
-      set(zstd_target zstd::libzstd_shared)
-    else()
-      set(zstd_target zstd::libzstd_static)
-    endif()
+    set(zstd_target zstd::libzstd_static)
   endif()
 endif()