diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9ca4ebec97..f594083656 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -19,6 +19,7 @@ include(${MBED_ROOT}/cmake/core.cmake)
 mbed_set_cpu_core_options(mbed-os ${MBED_TOOLCHAIN})
 
 include(${MBED_ROOT}/cmake/toolchain.cmake)
+mbed_set_toolchain_options(mbed-os)
 
 include(${MBED_ROOT}/cmake/profile.cmake)
 
diff --git a/cmake/toolchains/ARM.cmake b/cmake/toolchains/ARM.cmake
index 2ee5d5f2a1..e3b249e3cf 100644
--- a/cmake/toolchains/ARM.cmake
+++ b/cmake/toolchains/ARM.cmake
@@ -13,47 +13,52 @@ if(MBEDIDE)
     set_property(GLOBAL PROPERTY MBED_STUDIO_ARM_COMPILER "--ide=mbed")
 endif()
 
-list(APPEND common_options
-    "${mbed_studio_arm_compiler}"
-    "-c"
-    "--target=arm-arm-none-eabi"
-    "-mthumb"
-    "-Wno-armcc-pragma-push-pop"
-    "-Wno-armcc-pragma-anon-unions"
-    "-Wno-reserved-user-defined-literal"
-    "-Wno-deprecated-register"
-    "-fdata-sections"
-    "-fno-exceptions"
-    "-fshort-enums"
-    "-fshort-wchar"
-)
 
-target_compile_options(mbed-os
-    PUBLIC
-        $<$<COMPILE_LANGUAGE:C>:${common_options}>
-)
+# Sets toolchain options
+function(mbed_set_toolchain_options target)
+    get_property(mbed_studio_arm_compiler GLOBAL PROPERTY MBED_STUDIO_ARM_COMPILER)
+    list(APPEND common_options
+        "${mbed_studio_arm_compiler}"
+        "-c"
+        "--target=arm-arm-none-eabi"
+        "-mthumb"
+        "-Wno-armcc-pragma-push-pop"
+        "-Wno-armcc-pragma-anon-unions"
+        "-Wno-reserved-user-defined-literal"
+        "-Wno-deprecated-register"
+        "-fdata-sections"
+        "-fno-exceptions"
+        "-fshort-enums"
+        "-fshort-wchar"
+    )
 
-target_compile_options(mbed-os
-    PUBLIC
-        $<$<COMPILE_LANGUAGE:CXX>:${common_options}>
-)
+    target_compile_options(${target}
+        PUBLIC
+            $<$<COMPILE_LANGUAGE:C>:${common_options}>
+    )
 
-set(asm_preproc_options
-    "--target=arm-arm-none-eabi,-D,MBED_CONF_PLATFORM_CRASH_CAPTURE_ENABLED"
-)
-target_compile_options(mbed-os
-    PUBLIC
-        $<$<COMPILE_LANGUAGE:ASM>:${MBED_STUDIO_ARM_COMPILER}>
-        $<$<COMPILE_LANGUAGE:ASM>:--cpreproc>
-        $<$<COMPILE_LANGUAGE:ASM>:--cpreproc_opts=${asm_preproc_options}>
-)
+    target_compile_options(${target}
+        PUBLIC
+            $<$<COMPILE_LANGUAGE:CXX>:${common_options}>
+    )
 
-target_compile_definitions(mbed-os
-    PUBLIC
-        TOOLCHAIN_ARM
-)
+    set(asm_preproc_options
+        "--target=arm-arm-none-eabi,-D,MBED_CONF_PLATFORM_CRASH_CAPTURE_ENABLED"
+    )
+    target_compile_options(${target}
+        PUBLIC
+            $<$<COMPILE_LANGUAGE:ASM>:${MBED_STUDIO_ARM_COMPILER}>
+            $<$<COMPILE_LANGUAGE:ASM>:--cpreproc>
+            $<$<COMPILE_LANGUAGE:ASM>:--cpreproc_opts=${asm_preproc_options}>
+    )
 
-target_link_options(mbed-os
-    PUBLIC
-        ${MBED_STUDIO_ARM_COMPILER}
-)
+    target_compile_definitions(${target}
+        PUBLIC
+            TOOLCHAIN_ARM
+    )
+
+    target_link_options(${target}
+        PUBLIC
+            ${MBED_STUDIO_ARM_COMPILER}
+    )
+endfunction()
diff --git a/cmake/toolchains/GCC_ARM.cmake b/cmake/toolchains/GCC_ARM.cmake
index 7bebb9171f..b884a149b2 100644
--- a/cmake/toolchains/GCC_ARM.cmake
+++ b/cmake/toolchains/GCC_ARM.cmake
@@ -7,47 +7,51 @@ set(CMAKE_CXX_COMPILER "arm-none-eabi-g++")
 set(GCC_ELF2BIN "arm-none-eabi-objcopy")
 set_property(GLOBAL PROPERTY ELF2BIN ${GCC_ELF2BIN})
 
-list(APPEND link_options
-    "-Wl,--start-group"
-        "-lstdc++"
-        "-lsupc++"
-        "-lm"
-        "-lc"
-        "-lgcc"
-        "-lnosys"
-    "-Wl,--end-group"
-    "-specs=nosys.specs"
-    "-T" "${CMAKE_BINARY_DIR}/${APP_TARGET}.link_script.ld"
-)
 
-list(APPEND common_options
-    "-Wall"
-    "-Wextra"
-    "-Wno-unused-parameter"
-    "-Wno-missing-field-initializers"
-    "-fmessage-length=0"
-    "-fno-exceptions"
-    "-ffunction-sections"
-    "-fdata-sections"
-    "-funsigned-char"
-    "-MMD"
-    "-fomit-frame-pointer"
-    "-g3"
-)
+# Sets toolchain options
+function(mbed_set_toolchain_options target)
+    list(APPEND link_options
+        "-Wl,--start-group"
+            "-lstdc++"
+            "-lsupc++"
+            "-lm"
+            "-lc"
+            "-lgcc"
+            "-lnosys"
+        "-Wl,--end-group"
+        "-specs=nosys.specs"
+        "-T" "${CMAKE_BINARY_DIR}/${APP_TARGET}.link_script.ld"
+    )
 
-target_compile_options(mbed-os
-    PUBLIC
-        ${common_options}
-)
+    list(APPEND common_options
+        "-Wall"
+        "-Wextra"
+        "-Wno-unused-parameter"
+        "-Wno-missing-field-initializers"
+        "-fmessage-length=0"
+        "-fno-exceptions"
+        "-ffunction-sections"
+        "-fdata-sections"
+        "-funsigned-char"
+        "-MMD"
+        "-fomit-frame-pointer"
+        "-g3"
+    )
 
-target_compile_definitions(mbed-os
-    PUBLIC
-        TOOLCHAIN_GCC_ARM
-        TOOLCHAIN_GCC
-)
+    target_compile_options(${target}
+        PUBLIC
+            ${common_options}
+    )
 
-target_link_options(mbed-os
-    PUBLIC
-        ${common_options}
-        ${link_options}
-)
+    target_compile_definitions(${target}
+        PUBLIC
+            TOOLCHAIN_GCC_ARM
+            TOOLCHAIN_GCC
+    )
+
+    target_link_options(${target}
+        PUBLIC
+            ${common_options}
+            ${link_options}
+    )
+endfunction()