diff --git a/external/Makefile b/external/Makefile
index ce8310dbe..695cb22e2 100644
--- a/external/Makefile
+++ b/external/Makefile
@@ -86,15 +86,10 @@ $(TARGET_DIR)/libwally-core-build/src/libwallycore.% $(TARGET_DIR)/libwally-core
 	&& PYTHON_VERSION=3 CFLAGS="-std=c99 $(FUZZFLAGS)" LDFLAGS="$(FUZZFLAGS)" ${TOP}/libwally-core/configure CC="$(CC)" \
 		--enable-static=yes \
 		$(CROSSCOMPILE_OPTS) \
-		--enable-module-recovery \
-		--enable-module-extrakeys \
-		--enable-module-schnorrsig \
-		--enable-elements \
 		--enable-shared=no \
 		--prefix=/ \
 		--libdir=/ \
 		--enable-debug \
-	&& cp src/secp256k1/src/libsecp256k1-config.h ../../libwally-core/src/secp256k1/src/libsecp256k1-config.h \
 	&& $(MAKE)
 
 # If we tell Make that the above builds both, it runs it twice in
diff --git a/external/libwally-core b/external/libwally-core
index bb4cd3ac8..6f6746729 160000
--- a/external/libwally-core
+++ b/external/libwally-core
@@ -1 +1 @@
-Subproject commit bb4cd3ac802c7beb58f63307c5ed6ca116cf0dd0
+Subproject commit 6f67467299a038f9ceaa12272387a7ce71fd533f