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diff -rup binutils.orig/bfd/elf32-s390.c binutils-2.27/bfd/elf32-s390.c
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--- binutils.orig/bfd/elf32-s390.c	2017-05-12 13:00:01.697650210 +0100
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+++ binutils-2.27/bfd/elf32-s390.c	2017-05-12 13:01:05.223988744 +0100
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@@ -2809,7 +2809,7 @@ elf_s390_relocate_section (bfd *output_b
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 	      && s390_is_ifunc_symbol_p (h)
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 	      && h->def_regular)
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 	    {
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-	      if (!bfd_link_pic (info) || !h->non_got_ref)
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+	      if (!bfd_link_pic (info))
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 		{
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 		  /* For a non-shared object STT_GNU_IFUNC symbol must
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 		     go through PLT.  */
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diff -rup binutils.orig/bfd/elf64-s390.c binutils-2.27/bfd/elf64-s390.c
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--- binutils.orig/bfd/elf64-s390.c	2017-05-12 13:00:01.699650190 +0100
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+++ binutils-2.27/bfd/elf64-s390.c	2017-05-12 13:01:31.017720167 +0100
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@@ -2768,10 +2768,11 @@ elf_s390_relocate_section (bfd *output_b
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 	      && s390_is_ifunc_symbol_p (h)
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 	      && h->def_regular)
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 	    {
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-	      if (!bfd_link_pic (info) || !h->non_got_ref)
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+	      if (!bfd_link_pic (info))
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 		{
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-		  /* For a non-shared object STT_GNU_IFUNC symbol must
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-		     go through PLT.  */
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+		  /* For a non-shared object the symbol will not
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+		     change.  Hence we can write the address of the
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+		     target IPLT slot now.  */
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 		  relocation = (htab->elf.iplt->output_section->vma
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 				+ htab->elf.iplt->output_offset
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 				+ h ->plt.offset);
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diff -rup binutils.orig/bfd/elf-s390-common.c binutils-2.27/bfd/elf-s390-common.c
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--- binutils.orig/bfd/elf-s390-common.c	2017-05-12 13:00:01.695650231 +0100
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+++ binutils-2.27/bfd/elf-s390-common.c	2017-05-12 13:01:54.347477247 +0100
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@@ -161,9 +161,7 @@ keep:
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       h->type = STT_FUNC;
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     }
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-  /* We need dynamic relocation for STT_GNU_IFUNC symbol only when
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-     there is a non-GOT reference in a shared object.  */
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-  if (!bfd_link_pic (info) || !h->non_got_ref)
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+  if (!bfd_link_pic (info))
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     *head = NULL;
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   /* Finally, allocate space.  */