diff --git a/subsys/settings/Kconfig b/subsys/settings/Kconfig
index ef5878c6056..585aed62246 100644
--- a/subsys/settings/Kconfig
+++ b/subsys/settings/Kconfig
@@ -8,7 +8,9 @@ menuconfig SETTINGS
 	bool
 	default n
 	prompt "Enable settings subsystem with non-volatile storage"
-	depends on FILE_SYSTEM || FCB
+	# Only NFFS is currently supported as FS.
+	# The reason in that FatFs doesn't implement the fs_rename() API
+	depends on (FILE_SYSTEM && FILE_SYSTEM_NFFS) || (FCB && FLASH_PAGE_LAYOUT)
 	select BASE64
 	help
 	  The settings subsystem allows its users to serialize and