diff --git a/include/zephyr/llext/llext.h b/include/zephyr/llext/llext.h
index af215e6acc0..b10ba2468ae 100644
--- a/include/zephyr/llext/llext.h
+++ b/include/zephyr/llext/llext.h
@@ -121,7 +121,7 @@ struct llext_load_param {
  *
  * @param[in] loader An extension loader that provides input data and context
  * @param[in] name A string identifier for the extension
- * @param[out] ext A pointer to a statically allocated llext struct
+ * @param[out] ext This will hold the pointer to the llext struct
  * @param[in] ldr_parm Loader parameters
  *
  * @retval 0 Success
diff --git a/subsys/llext/llext.c b/subsys/llext/llext.c
index 77a741f0636..80d83dbb152 100644
--- a/subsys/llext/llext.c
+++ b/subsys/llext/llext.c
@@ -894,6 +894,8 @@ int llext_load(struct llext_loader *ldr, const char *name, struct llext **ext,
 	int ret;
 	elf_ehdr_t ehdr;
 
+	*ext = llext_by_name(name);
+
 	k_mutex_lock(&llext_lock, K_FOREVER);
 
 	if (*ext) {