diff --git a/bfd/ChangeLog b/bfd/ChangeLog
index 8bd12f278f..384235e442 100644
--- a/bfd/ChangeLog
+++ b/bfd/ChangeLog
@@ -1,3 +1,8 @@
+2012-03-31  Andreas Schwab  <schwab@linux-m68k.org>
+
+	* elf32-m68k.c (elf_m68k_relocate_section): Allow
+	R_68K_TLS_LE{8,16,32} for PIE.
+
 2012-03-30  Andreas Krebbel  <Andreas.Krebbel@de.ibm.com>
 
 	* elf64-s390.c: Fix several comments regarding PLT entry
diff --git a/bfd/elf32-m68k.c b/bfd/elf32-m68k.c
index 26cec399bf..91ae2df173 100644
--- a/bfd/elf32-m68k.c
+++ b/bfd/elf32-m68k.c
@@ -3948,7 +3948,7 @@ elf_m68k_relocate_section (output_bfd, info, input_bfd, input_section,
 	case R_68K_TLS_LE32:
 	case R_68K_TLS_LE16:
 	case R_68K_TLS_LE8:
-	  if (info->shared)
+	  if (info->shared && !info->pie)
 	    {
 	      (*_bfd_error_handler)
 		(_("%B(%A+0x%lx): R_68K_TLS_LE32 relocation not permitted "