diff --git a/lld/test/wasm/shared-memory.yaml b/lld/test/wasm/shared-memory.yaml
--- a/lld/test/wasm/shared-memory.yaml
+++ b/lld/test/wasm/shared-memory.yaml
@@ -10,6 +10,8 @@
 
 # RUN: not wasm-ld --no-entry --features=atomics %t1.o -o - 2>&1 | FileCheck %s --check-prefix ATOMICS-NO-SHARED
 
+# RUN: wasm-ld --relocatable --features=atomics %t1.o -o - | obj2yaml | FileCheck %s --check-prefix ATOMICS-RELOCATABLE
+
 # RUN: wasm-ld --no-entry --shared-memory --max-memory=131072 --features=atomics,bulk-memory %t1.o -o - | obj2yaml | FileCheck %s --check-prefix SHARED
 
 --- !WASM
@@ -65,6 +67,11 @@
 
 # ATOMICS-NO-SHARED: 'atomics' feature is used, so --shared-memory must be used{{$}}
 
+# ATOMICS-RELOCATABLE:        - Type:            MEMORY
+# ATOMICS-RELOCATABLE-NEXT:     Memories:
+# ATOMICS-RELOCATABLE-NEXT:         Initial:         0x00000001
+# ATOMICS-RELOCATABLE-NEXT:   - Type:
+
 # SHARED:        - Type:            MEMORY
 # SHARED-NEXT:     Memories:
 # SHARED-NEXT:       - Flags:           [ HAS_MAX, IS_SHARED ]
diff --git a/lld/wasm/Writer.cpp b/lld/wasm/Writer.cpp
--- a/lld/wasm/Writer.cpp
+++ b/lld/wasm/Writer.cpp
@@ -421,7 +421,8 @@
     for (const auto &key : used.keys())
       allowed.insert(std::string(key));
 
-  if (allowed.count("atomics") && !config->sharedMemory) {
+  if (allowed.count("atomics") && !config->sharedMemory &&
+      !config->relocatable) {
     if (inferFeatures)
       error(Twine("'atomics' feature is used by ") + used["atomics"] +
             ", so --shared-memory must be used");