diff --git a/sys-libs/binutils-libs/Manifest b/sys-libs/binutils-libs/Manifest
index cf7f4f1be09c7..a4026ff896e30 100644
--- a/sys-libs/binutils-libs/Manifest
+++ b/sys-libs/binutils-libs/Manifest
@@ -10,4 +10,6 @@ DIST binutils-2.30-patches-2.tar.xz 490272 BLAKE2B a28a5b5bb8faa33fec269f2c69d6e
 DIST binutils-2.30-patches-3.tar.xz 548804 BLAKE2B 428a1750233ae3f019e20cb5ed1d8e6fe6455181e8f5961dbfe7b66493d1c42050f889e45c02c1fc1a84d545c9e61f81ad6ffd5afc0b1099a702ccc7637c3abe SHA512 c91e902d1d9fc2e9782df04c93173c3207c771f1c063e2ff12c9336593c954ea3f1b2474a8fc045927d72fe18f7401874059599d100c4a1fd152081f05913d03
 DIST binutils-2.30.tar.xz 20286700 BLAKE2B 2dd5436a15a601011a1950e6082ec00082f5916fb82ce95ceab424fd8dc19f6daa7ac32a149f222ccdcc603354165cc206fde070eaa44fe2cc5e57486efc7868 SHA512 e747ea20d8d79fcd21b9d9f6695059caa7189d60f19256da398e34b789fea9a133c32b192e9693b5828d27683739b0198431bf8b3e39fb3b04884cf89d9aa839
 DIST binutils-2.31-patches-1.tar.xz 16692 BLAKE2B ee9c7b344b12073c881eaf6fa80e8cb3187add720a26b60e7ef7db9dc3eb8e6e2b83cd0afb3115c4846aa914f8957554bd010f67af34dc5ad81e676639cf361e SHA512 4004d52327babd00f946b199f71e9eca840e66c65a287730af80b5a69138fe5f946f33c13400e028088238314c644f00b858049f8923948d2e6144dc779c24c0
+DIST binutils-2.31.1-patches-1.tar.xz 10644 BLAKE2B 3c2e09713593fc01d78d45ee4e4ac92020d5de781325c8ea98a5193a36a2a0a814f1b6730ae718ad92f92c5876e8e47d0eee7c42d2fce281cc0b37fadb85c42b SHA512 d701e6e2c9d22ca5c7ac4bf08d9206a6648b299b7b04a053aaabc34fa94d7c5fd074a08e3f3af66365069918d9000986c646430bf2adf94213cbf0d55d6e6c51
+DIST binutils-2.31.1.tar.xz 20467996 BLAKE2B 6b914df1fbb7cf54f2159f71b2c2b09f3f6a569b7a3cb4cf9790d0a3733a7548bc0ea32334a178ed3b56e8b97656ae99c7abaf212601beeaeae9a0884c0f6051 SHA512 0fca326feb1d5f5fe505a827b20237fe3ec9c13eaf7ec7e35847fd71184f605ba1cefe1314b1b8f8a29c0aa9d88162849ee1c1a3e70c2f7407d88339b17edb30
 DIST binutils-2.31.tar.xz 20445772 BLAKE2B 02d9ef7f8ea0d24682716b6890916d507762b4672a3148192afbbc1d6323b3f3970eb630ec9af5e18c60ba1d4579d49d847e571bcd8b1236c24b04c9e3815481 SHA512 3448a71c42d790569c1159c1042aa520b2d8ac8af7506fb1f2a4199dfb13b39f1c2271a5cb3a643d10c7d8a388a73f190e90503d4793a016da7893473aa1c635
diff --git a/sys-libs/binutils-libs/binutils-libs-2.31.1.ebuild b/sys-libs/binutils-libs/binutils-libs-2.31.1.ebuild
new file mode 100644
index 0000000000000..777a60ae37ee8
--- /dev/null
+++ b/sys-libs/binutils-libs/binutils-libs-2.31.1.ebuild
@@ -0,0 +1,105 @@
+# Copyright 1999-2018 Gentoo Foundation
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI=6
+
+PATCH_VER=1
+
+inherit eutils toolchain-funcs multilib-minimal
+
+MY_PN="binutils"
+MY_P="${MY_PN}-${PV}"
+PATCH_BINUTILS_VER=${PATCH_BINUTILS_VER:-${PV}}
+PATCH_DEV=${PATCH_DEV:-dilfridge}
+
+DESCRIPTION="Core binutils libraries (libbfd, libopcodes, libiberty) for external packages"
+HOMEPAGE="https://sourceware.org/binutils/"
+SRC_URI="mirror://gnu/binutils/${MY_P}.tar.xz
+	mirror://gentoo/${MY_PN}-${PATCH_BINUTILS_VER}-patches-${PATCH_VER}.tar.xz"
+
+LICENSE="|| ( GPL-3 LGPL-3 )"
+# The shared lib SONAMEs use the ${PV} in them.
+SLOT="0/${PV}"
+IUSE="64-bit-bfd multitarget nls static-libs"
+
+COMMON_DEPEND="sys-libs/zlib[${MULTILIB_USEDEP}]"
+DEPEND="${COMMON_DEPEND}
+	>=sys-apps/texinfo-4.7
+	nls? ( sys-devel/gettext )"
+# Need a newer binutils-config that'll reset include/lib symlinks for us.
+RDEPEND="${COMMON_DEPEND}
+	>=sys-devel/binutils-config-5
+	nls? ( !<sys-devel/gdb-7.10-r1[nls] )"
+
+S="${WORKDIR}/${MY_P}"
+
+MULTILIB_WRAPPED_HEADERS=(
+	/usr/include/bfd.h
+)
+
+src_prepare() {
+	if [[ ! -z ${PATCH_VER} ]] ; then
+		einfo "Applying binutils-${PATCH_BINUTILS_VER} patchset ${PATCH_VER}"
+		eapply "${WORKDIR}/patch"/*.patch
+	fi
+	default
+}
+
+pkgversion() {
+	printf "Gentoo ${PVR}"
+	[[ -n ${PATCHVER} ]] && printf " p${PATCHVER}"
+}
+
+multilib_src_configure() {
+	local myconf=(
+		--enable-obsolete
+		--enable-shared
+		--enable-threads
+		# Newer versions (>=2.24) make this an explicit option. #497268
+		--enable-install-libiberty
+		--disable-werror
+		--with-bugurl="https://bugs.gentoo.org/"
+		--with-pkgversion="$(pkgversion)"
+		$(use_enable static-libs static)
+		# The binutils eclass enables this flag for all bi-arch builds,
+		# but other tools often don't care about that support.  Put it
+		# beyond a flag if people really want it, but otherwise leave
+		# it disabled as it can slow things down on 32bit arches. #438522
+		$(use_enable 64-bit-bfd)
+		# This only disables building in the zlib subdir.
+		# For binutils itself, it'll use the system version. #591516
+		--without-zlib
+		--with-system-zlib
+		# We only care about the libs, so disable programs. #528088
+		--disable-{binutils,etc,ld,gas,gold,gprof}
+		# Disable modules that are in a combined binutils/gdb tree. #490566
+		--disable-{gdb,libdecnumber,readline,sim}
+		# Strip out broken static link flags.
+		# https://gcc.gnu.org/PR56750
+		--without-stage1-ldflags
+	)
+
+	# mips can't do hash-style=gnu ...
+	if [[ $(tc-arch) != mips ]] ; then
+		myconf+=( --enable-default-hash-style=gnu )
+	fi
+
+	use multitarget && myconf+=( --enable-targets=all --enable-64-bit-bfd )
+
+	use nls \
+		&& myconf+=( --without-included-gettext ) \
+		|| myconf+=( --disable-nls )
+
+	ECONF_SOURCE=${S} \
+	econf "${myconf[@]}"
+}
+
+multilib_src_install() {
+	default
+	# Provide libiberty.h directly.
+	dosym libiberty/libiberty.h /usr/include/libiberty.h
+}
+
+multilib_src_install_all() {
+	use static-libs || find "${ED}"/usr -name '*.la' -delete
+}