diff --git a/drivers/net/phy/broadcom.c b/drivers/net/phy/broadcom.c
index 9605d4fe540b1e..cb86a3e90c7de3 100644
--- a/drivers/net/phy/broadcom.c
+++ b/drivers/net/phy/broadcom.c
@@ -323,6 +323,19 @@ static int bcm54xx_config_init(struct phy_device *phydev)
 
 	bcm54xx_phydsp_config(phydev);
 
+	/* Encode link speed into LED1 and LED3 pair (green/amber).
+	 * Also flash these two LEDs on activity. This means configuring
+	 * them for MULTICOLOR and encoding link/activity into them.
+	 */
+	val = BCM5482_SHD_LEDS1_LED1(BCM_LED_SRC_MULTICOLOR1) |
+		BCM5482_SHD_LEDS1_LED3(BCM_LED_SRC_MULTICOLOR1);
+	bcm_phy_write_shadow(phydev, BCM5482_SHD_LEDS1, val);
+
+	val = BCM_LED_MULTICOLOR_IN_PHASE |
+		BCM5482_SHD_LEDS1_LED1(BCM_LED_MULTICOLOR_LINK_ACT) |
+		BCM5482_SHD_LEDS1_LED3(BCM_LED_MULTICOLOR_LINK_ACT);
+	bcm_phy_write_exp(phydev, BCM_EXP_MULTICOLOR, val);
+
 	return 0;
 }
 
diff --git a/include/linux/brcmphy.h b/include/linux/brcmphy.h
index 9cd00a37b8d32b..6db2d9a6e50310 100644
--- a/include/linux/brcmphy.h
+++ b/include/linux/brcmphy.h
@@ -148,6 +148,22 @@
 #define BCM_LED_SRC_OFF		0xe	/* Tied high */
 #define BCM_LED_SRC_ON		0xf	/* Tied low */
 
+/*
+ * Broadcom Multicolor LED configurations (expansion register 4)
+ */
+#define BCM_EXP_MULTICOLOR		(MII_BCM54XX_EXP_SEL_ER + 0x04)
+#define BCM_LED_MULTICOLOR_IN_PHASE	BIT(8)
+#define BCM_LED_MULTICOLOR_LINK_ACT	0x0
+#define BCM_LED_MULTICOLOR_SPEED	0x1
+#define BCM_LED_MULTICOLOR_ACT_FLASH	0x2
+#define BCM_LED_MULTICOLOR_FDX		0x3
+#define BCM_LED_MULTICOLOR_OFF		0x4
+#define BCM_LED_MULTICOLOR_ON		0x5
+#define BCM_LED_MULTICOLOR_ALT		0x6
+#define BCM_LED_MULTICOLOR_FLASH	0x7
+#define BCM_LED_MULTICOLOR_LINK		0x8
+#define BCM_LED_MULTICOLOR_ACT		0x9
+#define BCM_LED_MULTICOLOR_PROGRAM	0xa
 
 /*
  * BCM5482: Shadow registers