diff --git a/tools/perf/.gitignore b/tools/perf/.gitignore
index 43f6621ef05e..65b995159cf1 100644
--- a/tools/perf/.gitignore
+++ b/tools/perf/.gitignore
@@ -42,6 +42,7 @@ libapi/
 libbpf/
 libperf/
 libsubcmd/
+libtraceevent/
+libtraceevent_plugins/
 fixdep
-libtraceevent-dynamic-list
 Documentation/doc.dep
diff --git a/tools/perf/Makefile.perf b/tools/perf/Makefile.perf
index 5a2a3c4f045d..537ac7055a35 100644
--- a/tools/perf/Makefile.perf
+++ b/tools/perf/Makefile.perf
@@ -242,7 +242,8 @@ sub-make: fixdep
 else # force_fixdep
 
 LIBAPI_DIR      = $(srctree)/tools/lib/api/
-TRACE_EVENT_DIR = $(srctree)/tools/lib/traceevent/
+LIBTRACEEVENT_DIR = $(srctree)/tools/lib/traceevent/
+LIBTRACEEVENT_PLUGINS_DIR = $(LIBTRACEEVENT_DIR)/plugins
 LIBBPF_DIR      = $(srctree)/tools/lib/bpf/
 LIBSUBCMD_DIR   = $(srctree)/tools/lib/subcmd/
 LIBPERF_DIR     = $(srctree)/tools/lib/perf/
@@ -292,16 +293,17 @@ grep-libs = $(filter -l%,$(1))
 strip-libs = $(filter-out -l%,$(1))
 
 ifneq ($(OUTPUT),)
-  TE_PATH=$(OUTPUT)
-  PLUGINS_PATH=$(OUTPUT)
+  LIBTRACEEVENT_OUTPUT = $(abspath $(OUTPUT))/libtraceevent
 else
-  TE_PATH=$(TRACE_EVENT_DIR)
-  PLUGINS_PATH=$(TRACE_EVENT_DIR)plugins/
+  LIBTRACEEVENT_OUTPUT = $(CURDIR)/libtraceevent
 endif
-
-LIBTRACEEVENT = $(TE_PATH)libtraceevent.a
+LIBTRACEEVENT_PLUGINS_OUTPUT = $(LIBTRACEEVENT_OUTPUT)_plugins
+LIBTRACEEVENT_DESTDIR = $(LIBTRACEEVENT_OUTPUT)
+LIBTRACEEVENT_PLUGINS_DESTDIR = $(LIBTRACEEVENT_PLUGINS_OUTPUT)
+LIBTRACEEVENT_INCLUDE = $(LIBTRACEEVENT_DESTDIR)/include
+LIBTRACEEVENT = $(LIBTRACEEVENT_OUTPUT)/libtraceevent.a
 export LIBTRACEEVENT
-LIBTRACEEVENT_DYNAMIC_LIST = $(PLUGINS_PATH)libtraceevent-dynamic-list
+LIBTRACEEVENT_DYNAMIC_LIST = $(LIBTRACEEVENT_PLUGINS_OUTPUT)/libtraceevent-dynamic-list
 
 #
 # The static build has no dynsym table, so this does not work for
@@ -821,21 +823,33 @@ $(patsubst perf-%,%.o,$(PROGRAMS)): $(wildcard */*.h)
 
 LIBTRACEEVENT_FLAGS += plugin_dir=$(plugindir_SQ) 'EXTRA_CFLAGS=$(EXTRA_CFLAGS)' 'LDFLAGS=$(filter-out -static,$(LDFLAGS))'
 
-$(LIBTRACEEVENT): FORCE
-	$(Q)$(MAKE) -C $(TRACE_EVENT_DIR) $(LIBTRACEEVENT_FLAGS) O=$(OUTPUT) $(OUTPUT)libtraceevent.a
-
-libtraceevent_plugins: FORCE
-	$(Q)$(MAKE) -C $(TRACE_EVENT_DIR)plugins $(LIBTRACEEVENT_FLAGS) O=$(OUTPUT) plugins
-
-$(LIBTRACEEVENT_DYNAMIC_LIST): libtraceevent_plugins
-	$(Q)$(MAKE) -C $(TRACE_EVENT_DIR)plugins $(LIBTRACEEVENT_FLAGS) O=$(OUTPUT) $(OUTPUT)libtraceevent-dynamic-list
+$(LIBTRACEEVENT): FORCE | $(LIBTRACEEVENT_OUTPUT)
+	$(Q)$(MAKE) -C $(LIBTRACEEVENT_DIR) O=$(LIBTRACEEVENT_OUTPUT) \
+		DESTDIR=$(LIBTRACEEVENT_DESTDIR) prefix= \
+		$@ install_headers
 
 $(LIBTRACEEVENT)-clean:
 	$(call QUIET_CLEAN, libtraceevent)
-	$(Q)$(MAKE) -C $(TRACE_EVENT_DIR) O=$(OUTPUT) clean >/dev/null
+	$(Q)$(RM) -r -- $(LIBTRACEEVENT_OUTPUT)
+
+libtraceevent_plugins: FORCE | $(LIBTRACEEVENT_PLUGINS_OUTPUT)
+	$(Q)$(MAKE) -C $(LIBTRACEEVENT_PLUGINS_DIR) O=$(LIBTRACEEVENT_PLUGINS_OUTPUT) \
+		DESTDIR=$(LIBTRACEEVENT_PLUGINS_DESTDIR) prefix= \
+		plugins
+
+libtraceevent_plugins-clean:
+	$(call QUIET_CLEAN, libtraceevent_plugins)
+	$(Q)$(RM) -r -- $(LIBTRACEEVENT_PLUGINS_OUTPUT)
+
+$(LIBTRACEEVENT_DYNAMIC_LIST): libtraceevent_plugins
+	$(Q)$(MAKE) -C $(LIBTRACEEVENT_PLUGINS_DIR) O=$(LIBTRACEEVENT_PLUGINS_OUTPUT) \
+		DESTDIR=$(LIBTRACEEVENT_PLUGINS_DESTDIR) prefix= \
+		$(LIBTRACEEVENT_FLAGS) $@
 
 install-traceevent-plugins: libtraceevent_plugins
-	$(Q)$(MAKE) -C $(TRACE_EVENT_DIR) $(LIBTRACEEVENT_FLAGS) O=$(OUTPUT) install_plugins
+	$(Q)$(MAKE) -C $(LIBTRACEEVENT_PLUGINS_DIR) O=$(LIBTRACEEVENT_PLUGINS_OUTPUT) \
+		DESTDIR=$(LIBTRACEEVENT_PLUGINS_DESTDIR) prefix= \
+		$(LIBTRACEEVENT_FLAGS) install
 
 $(LIBAPI): FORCE | $(LIBAPI_OUTPUT)
 	$(Q)$(MAKE) -C $(LIBAPI_DIR) O=$(LIBAPI_OUTPUT) \
@@ -1065,6 +1079,11 @@ SKELETONS += $(SKEL_OUT)/kwork_trace.skel.h
 $(SKEL_TMP_OUT) $(LIBAPI_OUTPUT) $(LIBBPF_OUTPUT) $(LIBPERF_OUTPUT) $(LIBSUBCMD_OUTPUT):
 	$(Q)$(MKDIR) -p $@
 
+ifndef LIBTRACEEVENT_DYNAMIC
+$(LIBTRACEEVENT_OUTPUT) $(LIBTRACEEVENT_PLUGINS_OUTPUT):
+	$(Q)$(MKDIR) -p $@
+endif
+
 ifdef BUILD_BPF_SKEL
 BPFTOOL := $(SKEL_TMP_OUT)/bootstrap/bpftool
 BPF_INCLUDE := -I$(SKEL_TMP_OUT)/.. -I$(LIBBPF_INCLUDE)
@@ -1107,7 +1126,7 @@ endif # BUILD_BPF_SKEL
 bpf-skel-clean:
 	$(call QUIET_CLEAN, bpf-skel) $(RM) -r $(SKEL_TMP_OUT) $(SKELETONS)
 
-clean:: $(LIBTRACEEVENT)-clean $(LIBAPI)-clean $(LIBBPF)-clean $(LIBSUBCMD)-clean $(LIBPERF)-clean fixdep-clean python-clean bpf-skel-clean tests-coresight-targets-clean
+clean:: $(LIBTRACEEVENT)-clean $(LIBAPI)-clean $(LIBBPF)-clean $(LIBSUBCMD)-clean $(LIBPERF)-clean fixdep-clean python-clean bpf-skel-clean tests-coresight-targets-clean libtraceevent_plugins-clean
 	$(call QUIET_CLEAN, core-objs)  $(RM) $(LIBPERF_A) $(OUTPUT)perf-archive $(OUTPUT)perf-iostat $(LANG_BINDINGS)
 	$(Q)find $(or $(OUTPUT),.) -name '*.o' -delete -o -name '\.*.cmd' -delete -o -name '\.*.d' -delete
 	$(Q)$(RM) $(OUTPUT).config-detected
