diff --git a/README-CMake.md b/README-CMake.md
index 2550d8c6c..a7b96c659 100644
--- a/README-CMake.md
+++ b/README-CMake.md
@@ -216,6 +216,8 @@ The following useful options can be passed to CMake whilst configuring.
 * ``ENABLE_EXAMPLE_TARGETS`` - BOOL. If set to ``TRUE`` add the build targets for building the API examples.
 * ``USE_OPENMP`` - BOOL. If set to ``TRUE`` and OpenMP support is detected build with OpenMP support.
 * ``USE_LIB_GMP`` - BOOL. If set to ``TRUE`` use the GNU multiple precision library. If set to ``FALSE`` use an internal implementation.
+* ``BUILD_PYTHON_BINDINGS`` - BOOL. If set to ``TRUE`` then Z3's python bindings will be built.
+* ``INSTALL_PYTHON_BINDINGS`` - BOOL. If set to ``TRUE`` and ``BUILD_PYTHON_BINDINGS`` is ``TRUE`` then running the ``install`` target will install Z3's Python bindings.
 
 On the command line these can be passed to ``cmake`` using the ``-D`` option. In ``ccmake`` and ``cmake-gui`` these can be set in the user interface.
 
diff --git a/src/CMakeLists.txt b/src/CMakeLists.txt
index 32a6ffa9e..8fb48af00 100644
--- a/src/CMakeLists.txt
+++ b/src/CMakeLists.txt
@@ -208,3 +208,14 @@ add_subdirectory(shell)
 # z3-test
 ################################################################################
 add_subdirectory(test)
+
+
+################################################################################
+# Z3 API bindings
+################################################################################
+option(BUILD_PYTHON_BINDINGS "Build Python bindings for Z3" OFF)
+if (BUILD_PYTHON_BINDINGS)
+  add_subdirectory(api/python)
+endif()
+
+# TODO: Implement support for other bindigns
diff --git a/src/api/python/CMakeLists.txt b/src/api/python/CMakeLists.txt
new file mode 100644
index 000000000..16cd3d6de
--- /dev/null
+++ b/src/api/python/CMakeLists.txt
@@ -0,0 +1,108 @@
+message(STATUS "Emitting rules to build Z3 python bindings")
+###############################################################################
+# Add target to build python bindings for the build directory
+###############################################################################
+# This allows the python bindings to be used directly from the build directory
+set(z3py_files
+  z3.py
+  z3num.py
+  z3poly.py
+  z3printer.py
+  z3rcf.py
+  z3test.py
+  z3types.py
+  z3util.py
+)
+
+set(z3py_bindings_build_dest "${CMAKE_BINARY_DIR}")
+
+set(build_z3_python_bindings_target_depends "")
+foreach (z3py_file ${z3py_files})
+  add_custom_command(OUTPUT "${z3py_bindings_build_dest}/${z3py_file}"
+    COMMAND "${CMAKE_COMMAND}" "-E" "copy"
+      "${CMAKE_CURRENT_SOURCE_DIR}/${z3py_file}"
+      "${z3py_bindings_build_dest}"
+    DEPENDS "${CMAKE_CURRENT_SOURCE_DIR}/${z3py_file}"
+    COMMENT "Copying \"${z3py_file}\" to ${z3py_bindings_build_dest}"
+  )
+  list(APPEND build_z3_python_bindings_target_depends "${z3py_bindings_build_dest}/${z3py_file}")
+endforeach()
+
+# Generate z3core.py
+add_custom_command(OUTPUT "${z3py_bindings_build_dest}/z3core.py"
+  COMMAND "${PYTHON_EXECUTABLE}"
+    "${CMAKE_SOURCE_DIR}/scripts/update_api.py"
+    ${Z3_FULL_PATH_API_HEADER_FILES_TO_SCAN}
+    "--z3py-output-dir"
+    "${z3py_bindings_build_dest}"
+  DEPENDS
+    ${Z3_FULL_PATH_API_HEADER_FILES_TO_SCAN}
+    "${CMAKE_SOURCE_DIR}/scripts/update_api.py"
+    "${CMAKE_SOURCE_DIR}/scripts/mk_util.py"
+  COMMENT "Generating z3core.py"
+  ${ADD_CUSTOM_COMMAND_USES_TERMINAL_ARG}
+)
+list(APPEND build_z3_python_bindings_target_depends "${z3py_bindings_build_dest}/z3core.py")
+
+# Generate z3consts.py
+add_custom_command(OUTPUT "${z3py_bindings_build_dest}/z3consts.py"
+  COMMAND "${PYTHON_EXECUTABLE}"
+    "${CMAKE_SOURCE_DIR}/scripts/mk_consts_files.py"
+    ${Z3_FULL_PATH_API_HEADER_FILES_TO_SCAN}
+    "--z3py-output-dir"
+    "${z3py_bindings_build_dest}"
+  DEPENDS
+    ${Z3_FULL_PATH_API_HEADER_FILES_TO_SCAN}
+    "${CMAKE_SOURCE_DIR}/scripts/mk_consts_files.py"
+    "${CMAKE_SOURCE_DIR}/scripts/mk_util.py"
+  COMMENT "Generating z3consts.py"
+  ${ADD_CUSTOM_COMMAND_USES_TERMINAL_ARG}
+)
+list(APPEND build_z3_python_bindings_target_depends "${z3py_bindings_build_dest}/z3consts.py")
+
+# Convenient top-level target
+add_custom_target(build_z3_python_bindings
+  ALL
+  DEPENDS
+    ${build_z3_python_bindings_target_depends}
+)
+
+###############################################################################
+# Install
+###############################################################################
+option(INSTALL_PYTHON_BINDINGS "Install Python bindings when invoking install target" ON)
+if (INSTALL_PYTHON_BINDINGS)
+  # Determine the installation path for the bindings
+  message(STATUS "Emitting rules to install Z3 python bindings")
+  execute_process(
+    COMMAND "${PYTHON_EXECUTABLE}" "-c"
+      "import distutils.sysconfig; print(distutils.sysconfig.get_python_lib())"
+    RESULT_VARIABLE exit_code
+    OUTPUT_VARIABLE python_pkg_dir
+    OUTPUT_STRIP_TRAILING_WHITESPACE
+  )
+
+  if (NOT ("${exit_code}" EQUAL 0))
+    message(FATAL_ERROR "Failed to determine your Python package directory")
+  endif()
+  message(STATUS "Detected Python package directory: \"${python_pkg_dir}\"")
+
+  # Check if path exists under the install prefix
+  set(python_install_dir "")
+  string(FIND "${python_pkg_dir}" "${CMAKE_INSTALL_PREFIX}" position)
+  if (NOT ("${position}" EQUAL 0))
+    message(WARNING "The detected Python package directory \"${python_pkg_dir}\" "
+            "does not exist under the install prefix \"${CMAKE_INSTALL_PREFIX}\"."
+            " Running the install target may lead to a broken installation."
+           )
+    set(python_install_dir "${python_pkg_dir}")
+  else()
+    string(REPLACE "${CMAKE_INSTALL_PREFIX}" "" python_install_dir "${python_pkg_dir}")
+  endif()
+  message(STATUS "Python bindings will be installed to \"${python_install_dir}\"")
+  install(FILES ${build_z3_python_bindings_target_depends}
+    DESTINATION "${python_install_dir}"
+  )
+else()
+  message(STATUS "Not emitting rules to install Z3 python bindings")
+endif()