diff --git a/app/overlays/lnl/module_overlay.conf b/app/overlays/lnl/module_overlay.conf
index e0926aca45b5..5355932bf3da 100644
--- a/app/overlays/lnl/module_overlay.conf
+++ b/app/overlays/lnl/module_overlay.conf
@@ -1,7 +1,8 @@
 CONFIG_LIBRARY_BASE_ADDRESS=0xa0688000
 CONFIG_SAMPLE_SMART_AMP=m
 CONFIG_COMP_MIXIN_MIXOUT=m
+CONFIG_COMP_VOLUME=m
 CONFIG_COMP_IIR=m
 CONFIG_COMP_FIR=m
 CONFIG_COMP_SRC=m
-CONFIG_COMP_VOLUME=m
+CONFIG_COMP_ASRC=m
diff --git a/app/overlays/mtl/module_overlay.conf b/app/overlays/mtl/module_overlay.conf
index e0926aca45b5..5355932bf3da 100644
--- a/app/overlays/mtl/module_overlay.conf
+++ b/app/overlays/mtl/module_overlay.conf
@@ -1,7 +1,8 @@
 CONFIG_LIBRARY_BASE_ADDRESS=0xa0688000
 CONFIG_SAMPLE_SMART_AMP=m
 CONFIG_COMP_MIXIN_MIXOUT=m
+CONFIG_COMP_VOLUME=m
 CONFIG_COMP_IIR=m
 CONFIG_COMP_FIR=m
 CONFIG_COMP_SRC=m
-CONFIG_COMP_VOLUME=m
+CONFIG_COMP_ASRC=m
diff --git a/src/audio/asrc/Kconfig b/src/audio/asrc/Kconfig
index 7bdbf68d2a94..b9b8604e667e 100644
--- a/src/audio/asrc/Kconfig
+++ b/src/audio/asrc/Kconfig
@@ -1,7 +1,8 @@
 # SPDX-License-Identifier: BSD-3-Clause
 
 config COMP_ASRC
-	bool "ASRC component"
+	tristate "ASRC component"
+	default m if LIBRARY_DEFAULT_MODULAR
 	default y
 	help
 	  Select for Asynchronous sample rate conversion (ASRC)
@@ -14,7 +15,7 @@ config COMP_ASRC
 	  not have pre-computed filter coefficients for every
 	  conversion fraction that SRC does.
 
-if COMP_ASRC
+if COMP_ASRC != n
 
 rsource "Kconfig.simd"
 
diff --git a/src/audio/asrc/asrc.c b/src/audio/asrc/asrc.c
index 8ce6c711dfc9..21e1c947daa5 100644
--- a/src/audio/asrc/asrc.c
+++ b/src/audio/asrc/asrc.c
@@ -879,3 +879,21 @@ static const struct module_interface asrc_interface = {
 
 DECLARE_MODULE_ADAPTER(asrc_interface, asrc_uuid, asrc_tr);
 SOF_MODULE_INIT(asrc, sys_comp_module_asrc_interface_init);
+
+#if CONFIG_COMP_ASRC_MODULE
+/* modular: llext dynamic link */
+
+#include <module/module/api_ver.h>
+#include <module/module/llext.h>
+#include <rimage/sof/user/manifest.h>
+
+#define UUID_ASRC 0x2d, 0x40, 0xb4, 0x66, 0x68, 0xb4, 0xf2, 0x42, \
+		  0x81, 0xa7, 0xb3, 0x71, 0x21, 0x86, 0x3d, 0xd4
+SOF_LLEXT_MOD_ENTRY(asrc, &asrc_interface);
+
+static const struct sof_man_module_manifest mod_manifest[] __section(".module") __used = {
+	SOF_LLEXT_MODULE_MANIFEST("ASRC", asrc_llext_entry, 1, UUID_ASRC, 2),
+};
+
+SOF_LLEXT_BUILDINFO;
+#endif
diff --git a/src/audio/asrc/asrc.toml b/src/audio/asrc/asrc.toml
index 9e744452de20..909ff803da04 100644
--- a/src/audio/asrc/asrc.toml
+++ b/src/audio/asrc/asrc.toml
@@ -1,3 +1,7 @@
+#ifndef LOAD_TYPE
+#define LOAD_TYPE "0"
+#endif
+
 	[[module.entry]]
 	name = "ASRC"
 	uuid = "66B4402D-B468-42F2-81A7-B37121863DD4"
@@ -5,7 +9,7 @@
 	instance_count = "2"
 	domain_types = "0"
 
-	load_type = "0"
+	load_type = LOAD_TYPE
 	module_type = "9"
 	auto_start = "0"
 	sched_caps = [1, 0x00008000]
diff --git a/src/audio/asrc/llext/CMakeLists.txt b/src/audio/asrc/llext/CMakeLists.txt
new file mode 100644
index 000000000000..9b00a9552c46
--- /dev/null
+++ b/src/audio/asrc/llext/CMakeLists.txt
@@ -0,0 +1,10 @@
+# Copyright (c) 2024 Intel Corporation.
+# SPDX-License-Identifier: Apache-2.0
+
+sof_llext_build("asrc"
+	SOURCES ../asrc.c
+	../asrc_farrow_hifi3.c
+	../asrc_farrow.c
+	../asrc_farrow_generic.c
+	../asrc_ipc4.c
+)
diff --git a/src/audio/asrc/llext/llext.toml.h b/src/audio/asrc/llext/llext.toml.h
new file mode 100644
index 000000000000..680a68ece6d8
--- /dev/null
+++ b/src/audio/asrc/llext/llext.toml.h
@@ -0,0 +1,6 @@
+#include <tools/rimage/config/platform.toml>
+#define LOAD_TYPE "2"
+#include "../asrc.toml"
+
+[module]
+count = __COUNTER__
diff --git a/zephyr/CMakeLists.txt b/zephyr/CMakeLists.txt
index 73d0bdf09f70..cd254314bbb5 100644
--- a/zephyr/CMakeLists.txt
+++ b/zephyr/CMakeLists.txt
@@ -582,15 +582,18 @@ zephyr_library_sources_ifdef(CONFIG_MATH_IIR_DF2T
 	${SOF_MATH_PATH}/iir_df2t.c
 )
 
-zephyr_library_sources_ifdef(CONFIG_COMP_ASRC
-	${SOF_AUDIO_PATH}/asrc/asrc.c
-	${SOF_AUDIO_PATH}/asrc/asrc_farrow_hifi3.c
-	${SOF_AUDIO_PATH}/asrc/asrc_farrow.c
-	${SOF_AUDIO_PATH}/asrc/asrc_farrow_generic.c
-)
-
-if(CONFIG_COMP_ASRC)
-	zephyr_library_sources(${SOF_AUDIO_PATH}/asrc/asrc_${ipc_suffix}.c)
+if(CONFIG_COMP_ASRC STREQUAL "m")
+	add_subdirectory(${SOF_AUDIO_PATH}/asrc/llext
+			 ${PROJECT_BINARY_DIR}/asrc_llext)
+	add_dependencies(app asrc)
+elseif(CONFIG_COMP_ASRC)
+	zephyr_library_sources(
+		${SOF_AUDIO_PATH}/asrc/asrc.c
+		${SOF_AUDIO_PATH}/asrc/asrc_farrow_hifi3.c
+		${SOF_AUDIO_PATH}/asrc/asrc_farrow.c
+		${SOF_AUDIO_PATH}/asrc/asrc_farrow_generic.c
+		${SOF_AUDIO_PATH}/asrc/asrc_${ipc_suffix}.c
+	)
 endif()
 
 zephyr_library_sources_ifdef(CONFIG_COMP_DCBLOCK