diff --git a/drivers/net/phy/Kconfig b/drivers/net/phy/Kconfig
index b8cc49820cedd..513675ae4dd29 100644
--- a/drivers/net/phy/Kconfig
+++ b/drivers/net/phy/Kconfig
@@ -18,7 +18,6 @@ menuconfig PHYLIB
 	depends on NETDEVICES
 	select MDIO_DEVICE
 	select MDIO_DEVRES
-	depends on LEDS_CLASS || LEDS_CLASS=n
 	help
 	  Ethernet controllers are usually attached to PHY
 	  devices.  This option provides infrastructure for
@@ -45,6 +44,14 @@ config LED_TRIGGER_PHY
 		<Speed in megabits>Mbps OR <Speed in gigabits>Gbps OR link
 		for any speed known to the PHY.
 
+config PHYLIB_LEDS
+	bool "Support probing LEDs from device tree"
+	depends on LEDS_CLASS=y || LEDS_CLASS=PHYLIB
+	depends on OF
+	default y
+	help
+	  When LED class support is enabled, phylib can automatically
+	  probe LED setting from device tree.
 
 config FIXED_PHY
 	tristate "MDIO Bus/PHY emulation with fixed speed/link PHYs"
diff --git a/drivers/net/phy/phy_device.c b/drivers/net/phy/phy_device.c
index 538523a7cd512..d373446ab5acd 100644
--- a/drivers/net/phy/phy_device.c
+++ b/drivers/net/phy/phy_device.c
@@ -3284,7 +3284,8 @@ static int phy_probe(struct device *dev)
 	/* Get the LEDs from the device tree, and instantiate standard
 	 * LEDs for them.
 	 */
-	err = of_phy_leds(phydev);
+	if (IS_ENABLED(CONFIG_PHYLIB_LEDS))
+		err = of_phy_leds(phydev);
 
 out:
 	/* Re-assert the reset signal on error */