diff --git a/lib/Kconfig.debug b/lib/Kconfig.debug
index c3c0b077ade3..d93dbe5a1d14 100644
--- a/lib/Kconfig.debug
+++ b/lib/Kconfig.debug
@@ -312,8 +312,21 @@ config DEBUG_INFO_REDUCED
 	  DEBUG_INFO build and compile times are reduced too.
 	  Only works with newer gcc versions.
 
-config DEBUG_INFO_COMPRESSED
-	bool "Compressed debugging information"
+choice
+	prompt "Compressed Debug information"
+	help
+	  Compress the resulting debug info. Results in smaller debug info sections,
+	  but requires that consumers are able to decompress the results.
+
+	  If unsure, choose DEBUG_INFO_COMPRESSED_NONE.
+
+config DEBUG_INFO_COMPRESSED_NONE
+	bool "Don't compress debug information"
+	help
+	  Don't compress debug info sections.
+
+config DEBUG_INFO_COMPRESSED_ZLIB
+	bool "Compress debugging information with zlib"
 	depends on $(cc-option,-gz=zlib)
 	depends on $(ld-option,--compress-debug-sections=zlib)
 	help
@@ -327,6 +340,18 @@ config DEBUG_INFO_COMPRESSED
 	  preferable to setting $KDEB_COMPRESS to "none" which would be even
 	  larger.
 
+config DEBUG_INFO_COMPRESSED_ZSTD
+	bool "Compress debugging information with zstd"
+	depends on $(cc-option,-gz=zstd)
+	depends on $(ld-option,--compress-debug-sections=zstd)
+	help
+	  Compress the debug information using zstd.  This may provide better
+	  compression than zlib, for about the same time costs, but requires newer
+	  toolchain support.  Requires GCC 13.0+ or Clang 16.0+, binutils 2.40+, and
+	  zstd.
+
+endchoice # "Compressed Debug information"
+
 config DEBUG_INFO_SPLIT
 	bool "Produce split debuginfo in .dwo files"
 	depends on $(cc-option,-gsplit-dwarf)
diff --git a/scripts/Makefile.debug b/scripts/Makefile.debug
index 332c486f705f..059ff38fe0cb 100644
--- a/scripts/Makefile.debug
+++ b/scripts/Makefile.debug
@@ -27,10 +27,14 @@ else
 DEBUG_RUSTFLAGS	+= -Cdebuginfo=2
 endif
 
-ifdef CONFIG_DEBUG_INFO_COMPRESSED
+ifdef CONFIG_DEBUG_INFO_COMPRESSED_ZLIB
 DEBUG_CFLAGS	+= -gz=zlib
 KBUILD_AFLAGS	+= -gz=zlib
 KBUILD_LDFLAGS	+= --compress-debug-sections=zlib
+else ifdef CONFIG_DEBUG_INFO_COMPRESSED_ZSTD
+DEBUG_CFLAGS	+= -gz=zstd
+KBUILD_AFLAGS	+= -gz=zstd
+KBUILD_LDFLAGS	+= --compress-debug-sections=zstd
 endif
 
 KBUILD_CFLAGS	+= $(DEBUG_CFLAGS)