diff --git a/lld/wasm/Writer.cpp b/lld/wasm/Writer.cpp
--- a/lld/wasm/Writer.cpp
+++ b/lld/wasm/Writer.cpp
@@ -901,7 +901,7 @@
     createCallCtorsFunction();
   }
 
-  if (config->sharedMemory && !config->shared)
+  if (!config->relocatable && config->sharedMemory && !config->shared)
     createInitTLSFunction();
 
   if (errorCount())