diff --git a/DOCS/compile-windows.md b/DOCS/compile-windows.md
index 6fd5ed79b2..48895f5428 100644
--- a/DOCS/compile-windows.md
+++ b/DOCS/compile-windows.md
@@ -165,9 +165,6 @@ Or, compile and install both libmpv and mpv:
 ```bash
 ./waf configure CC=gcc.exe --check-c-compiler=gcc --enable-libmpv-shared --prefix=/mingw64
 ./waf install
-
-# waf installs libmpv dll to the wrong directory, so fix it up
-mv -f /mingw64/lib/mpv-1.dll /mingw64/bin/
 ```
 
 Linking libmpv with MSVC programs
diff --git a/wscript_build.py b/wscript_build.py
index ec648807f3..ab50b107a6 100644
--- a/wscript_build.py
+++ b/wscript_build.py
@@ -544,6 +544,7 @@ def build(ctx):
                 "features": features,
                 "export_symbols_def": "libmpv/mpv.def",
                 "install_path": ctx.env.LIBDIR,
+                "install_path_implib": ctx.env.LIBDIR,
             }
 
             if shared and ctx.dependency_satisfied('android'):
@@ -556,6 +557,9 @@ def build(ctx):
                 # for all other configurations we want SONAME to be used
                 libmpv_kwargs["vnum"] = libversion
 
+            if shared and ctx.env.DEST_OS == 'win32':
+                libmpv_kwargs["install_path"] = ctx.env.BINDIR
+
             ctx(**libmpv_kwargs)
 
         if build_shared: