diff --git a/payloads/external/Makefile.inc b/payloads/external/Makefile.inc
index 779b3f4260..bd1269b1bb 100644
--- a/payloads/external/Makefile.inc
+++ b/payloads/external/Makefile.inc
@@ -24,9 +24,9 @@ ifeq ($(CONFIG_PAYLOAD_LINUX)$(CONFIG_PAYLOAD_LINUXBOOT),y)
 ifneq ($(strip $(call strip_quotes,$(CONFIG_LINUX_COMMAND_LINE))),)
       ADDITIONAL_PAYLOAD_CONFIG+=-C $(CONFIG_LINUX_COMMAND_LINE)
 endif
-ifneq ($(strip $(call strip_quotes,$(CONFIG_LINUX_INITRD))),)
+ifneq ($(strip $(call strip_quotes,$(CONFIG_LINUX_INITRD)$(CONFIG_LINUXBOOT_INITRAMFS_PATH))),)
 ifneq ($(CONFIG_LINUXBOOT_ARM64),y)
-      ADDITIONAL_PAYLOAD_CONFIG+=-I $(CONFIG_LINUX_INITRD)$(CONFIG_LINUXBOOT_INITRAMFS)$(CONFIG_LINUXBOOT_INITRAMFS_SUFFIX)
+      ADDITIONAL_PAYLOAD_CONFIG+=-I $(CONFIG_LINUX_INITRD)$(CONFIG_LINUXBOOT_INITRAMFS_PATH)$(CONFIG_LINUXBOOT_INITRAMFS_SUFFIX)
       prebuilt-files += $(strip $(call strip_quotes,$(CONFIG_LINUX_INITRD)$(CONFIG_LINUXBOOT_INITRAMFS)))
 endif
 endif