diff --git a/meta-oe/recipes-support/asio/asio_1.20.0.bb b/meta-oe/recipes-support/asio/asio_1.20.0.bb
index cedcf9fee0a..ae721263dd2 100644
--- a/meta-oe/recipes-support/asio/asio_1.20.0.bb
+++ b/meta-oe/recipes-support/asio/asio_1.20.0.bb
@@ -9,17 +9,18 @@ LICENSE = "BSL-1.0"
 
 DEPENDS = "openssl"
 
-SRC_URI = "${SOURCEFORGE_MIRROR}/asio/${BP}.tar.bz2"
+SRC_URI = " \
+    ${SOURCEFORGE_MIRROR}/asio/${BP}.tar.bz2 \
+    file://0001-Add-the-pkgconfigdir-location.patch \
+"
 
 inherit autotools
 
 ALLOW_EMPTY:${PN} = "1"
 
-LIC_FILES_CHKSUM = "file://COPYING;md5=416f4cc4f79551b690babb14ef1a5799"
+LIC_FILES_CHKSUM = "file://COPYING;md5=ff668366bbdb687b6029d33a5fe4b999"
 
-SRC_URI[sha256sum] = "204374d3cadff1b57a63f4c343cbadcee28374c072dc04b549d772dbba9f650c"
-
-SRC_URI = "${SOURCEFORGE_MIRROR}/asio/${BP}.tar.bz2"
+SRC_URI[sha256sum] = "d0ddc2361abd2f4c823e970aaf8e28b4b31ab21b1a68af16b114fc093661e232"
 
 PACKAGECONFIG ??= "boost"
 
diff --git a/meta-oe/recipes-support/asio/files/0001-Add-the-pkgconfigdir-location.patch b/meta-oe/recipes-support/asio/files/0001-Add-the-pkgconfigdir-location.patch
new file mode 100644
index 00000000000..3f93e7e4b00
--- /dev/null
+++ b/meta-oe/recipes-support/asio/files/0001-Add-the-pkgconfigdir-location.patch
@@ -0,0 +1,30 @@
+From 248e87869d748cfb72d3a5d3b2b91ad178172e30 Mon Sep 17 00:00:00 2001
+From: Vasileios Anagnostopoulos <anagnwstopoulos@hotmail.com>
+Date: Tue, 9 May 2023 12:48:29 +0200
+Subject: [PATCH] Add the pkgconfigdir location
+
+This change is necessary, because while building asio in yocto the
+compilation is failing and is complaining because the variable is
+undefined
+
+Signed-off-by: Vasileios Anagnostopoulos <anagnwstopoulos@hotmail.com>
+Upstream status: Submitted [https://github.com/chriskohlhoff/asio/pull/1294]
+---
+ asio/Makefile.am | 1 +
+ 1 file changed, 1 insertion(+)
+
+diff --git a/Makefile.am b/Makefile.am
+index b7760851..bc4f75b3 100644
+--- a/Makefile.am
++++ b/Makefile.am
+@@ -1,6 +1,7 @@
+ AUTOMAKE_OPTIONS = foreign dist-bzip2 dist-zip
+ 
+ pkgconfig_DATA = asio.pc
++pkgconfigdir = $(libdir)/pkgconfig
+ 
+ SUBDIRS = include src
+ 
+-- 
+2.34.1
+