diff --git a/fs/iso9660/iso9660.mk b/fs/iso9660/iso9660.mk
index b3e6b9dbaa..b313c652ac 100644
--- a/fs/iso9660/iso9660.mk
+++ b/fs/iso9660/iso9660.mk
@@ -11,7 +11,7 @@ ROOTFS_ISO9660_DEPENDENCIES = grub host-cdrkit host-fakeroot linux rootfs-cpio
 
 ifeq ($(BR2_TARGET_GRUB_SPLASH),y)
 define ROOTFS_ISO9660_SPLASHSCREEN
-	$(INSTALL) -D -m 0644 boot/grub/splash.xpm.gz \
+	$(INSTALL) -D -m 0644 $(TARGET_DIR)/boot/grub/splash.xpm.gz \
 		$(ROOTFS_ISO9660_TARGET_DIR)/boot/grub/splash.xpm.gz
 endef
 else