diff --git a/py/BUILD.bazel b/py/BUILD.bazel
index d12225d2..f0c38798 100644
--- a/py/BUILD.bazel
+++ b/py/BUILD.bazel
@@ -1,11 +1,9 @@
 load("@aspect_bazel_lib//:bzl_library.bzl", "bzl_library")
 
-# For Bazel 6.x compatibility, since
-# PyRuntimeInfo shipped only with Bazel 7
-# Users can set, e.g. --@aspect_rules_py//py:interpreter_version=3.9.18
 alias(
     name = "interpreter_version",
-    actual = "@rules_python//python/config_settings:python_version",
+    actual = "//py/settings:interpreter_version",
+    deprecation = "Please prefer py/settings:interpreter_version",
     visibility = ["//visibility:public"],
 )
 
@@ -34,6 +32,7 @@ bzl_library(
         "//py/private:py_unpacked_wheel",
         "//py/private:py_wheel",
         "//py/private:virtual",
+        "//py/private/link",
         "//py/private/py_venv",
         "@aspect_bazel_lib//lib:utils",
     ],
@@ -41,6 +40,7 @@ bzl_library(
 
 # This needs to dep on @aspect_tools_telemetry_report but we don't have that in WORKSPACE
 # gazelle:exclude extensions.bzl
+#
 # bzl_library(
 #     name = "extensions",
 #     srcs = [
diff --git a/py/defs.bzl b/py/defs.bzl
index bc9ff216..65f4f3dc 100644
--- a/py/defs.bzl
+++ b/py/defs.bzl
@@ -42,14 +42,48 @@ load("//py/private:py_pex_binary.bzl", _py_pex_binary = "py_pex_binary")
 load("//py/private:py_pytest_main.bzl", _py_pytest_main = "py_pytest_main")
 load("//py/private:py_unpacked_wheel.bzl", _py_unpacked_wheel = "py_unpacked_wheel")
 load("//py/private:virtual.bzl", _resolutions = "resolutions")
-load("//py/private/py_venv:defs.bzl", _py_venv_link = "py_venv_link")
+load("//py/private/link:defs.bzl", _py_link_venv = "py_link_venv")
+load("//py/private/py_venv:defs.bzl", _py_venv_binary = "py_venv_binary")
 
 py_pex_binary = _py_pex_binary
 py_pytest_main = _py_pytest_main
 
 # FIXME: Badly chosen name; will be replaced/migrated
-py_venv = _py_venv_link
-py_venv_link = _py_venv_link
+def py_venv(name, srcs = [], data = [], deps = [], imports = None, testonly = False, **kwargs):
+    native.alias(
+        name = name,
+        actual = select({
+            Label("//py/private/link:dynamic_venvs"): ":{}_dynamic".format(name),
+            Label("//py/private/link:static_venvs"): ":{}_static".format(name),
+        }),
+        tags = ["manual"],
+    )
+
+    _py_link_venv(
+        _py_binary,
+        name = "{}_dynamic".format(name),
+        srcs = srcs,
+        data = data,
+        deps = deps,
+        imports = kwargs.get("imports"),
+        tags = ["manual"],
+        testonly = kwargs.get("testonly", False),
+        target_compatible_with = kwargs.get("target_compatible_with", []),
+    )
+
+    _py_link_venv(
+        _py_venv_binary,
+        name = "{}_static".format(name),
+        srcs = srcs,
+        data = data,
+        deps = deps,
+        imports = kwargs.get("imports"),
+        tags = ["manual"],
+        testonly = kwargs.get("testonly", False),
+        target_compatible_with = kwargs.get("target_compatible_with", []),
+    )
+
+py_venv_link = py_venv
 
 py_binary_rule = _py_binary
 py_test_rule = _py_test
@@ -70,15 +104,12 @@ def _py_binary_or_test(name, rule, srcs, main, data = [], deps = [], **kwargs):
         **kwargs
     )
 
-    _py_venv_link(
-        name = "{}.venv".format(name),
+    py_venv(
+        name = name + ".venv",
         srcs = srcs,
         data = data,
         deps = deps,
-        imports = kwargs.get("imports"),
-        tags = ["manual"],
-        testonly = kwargs.get("testonly", False),
-        target_compatible_with = kwargs.get("target_compatible_with", []),
+        **kwargs
     )
 
 def py_binary(name, srcs = [], main = None, **kwargs):
diff --git a/py/private/link/BUILD.bazel b/py/private/link/BUILD.bazel
new file mode 100644
index 00000000..af533407
--- /dev/null
+++ b/py/private/link/BUILD.bazel
@@ -0,0 +1,40 @@
+load("@bazel_lib//:bzl_library.bzl", "bzl_library")
+load("@bazel_skylib//rules:common_settings.bzl", "string_flag")
+
+package(default_visibility = ["//visibility:public"])
+
+exports_files(["link.py"])
+
+bzl_library(
+    name = "link",
+    srcs = [
+        "defs.bzl",
+    ],
+    deps = [
+        "@bazel_skylib//lib:sets",
+    ],
+)
+
+string_flag(
+    name = "venv_strategy",
+    build_setting_default = "dynamic",
+    values = [
+        "dynamic",
+        "static",
+    ],
+    visibility = ["//visibility:public"],
+)
+
+config_setting(
+    name = "static_venvs",
+    flag_values = {
+        ":venv_strategy": "static",
+    },
+)
+
+config_setting(
+    name = "dynamic_venvs",
+    flag_values = {
+        ":venv_strategy": "dynamic",
+    },
+)
diff --git a/py/private/link/defs.bzl b/py/private/link/defs.bzl
new file mode 100644
index 00000000..801c6057
--- /dev/null
+++ b/py/private/link/defs.bzl
@@ -0,0 +1,46 @@
+load("@bazel_skylib//lib:sets.bzl", "sets")
+
+def py_link_venv(
+        binary_rule,
+        name,
+        srcs,
+        args = [],
+        venv_name = None,
+        venv_dest = None,
+        **kwargs):
+    """
+    Build a Python virtual environment and produce a script to link it into the
+    user's directory of choice.
+
+    Args:
+        binary_rule (rule): A py_binary-alike rule to employ. Must build a "venv".
+
+        venv_name (str): A name to use for venv's link.
+
+        venv_dest (str): A path (relative to the repo
+            root/$BUILD_WORKING_DIRECTORY) where the link will be created.
+
+        srcs (list): srcs for the underlying binary.
+
+        args (list): args for the underlying binary.
+
+        **kwargs (dict): Delegate args for the underlying binary rule.
+
+    """
+
+    # Note that the binary is already wrapped with debug
+    link_script = str(Label("//py/private/link:link.py"))
+
+    if venv_name != None:
+        args = ["--name=" + venv_name] + args
+
+    if venv_dest != None:
+        args = ["--dest=" + venv_dest] + args
+
+    binary_rule(
+        name = name,
+        args = args,
+        main = link_script,
+        srcs = sets.to_list(sets.make(srcs + [link_script])),
+        **kwargs
+    )
diff --git a/py/private/py_venv/link.py b/py/private/link/link.py
similarity index 96%
rename from py/private/py_venv/link.py
rename to py/private/link/link.py
index 28748e81..99123f17 100644
--- a/py/private/py_venv/link.py
+++ b/py/private/link/link.py
@@ -7,8 +7,6 @@
 
 import argparse
 import os
-import sys
-import site
 from pathlib import Path
 
 
@@ -23,7 +21,6 @@ def munge_venv_name(target_package, virtualenv_name):
 if __name__ == "__main__":
     virtualenv_home = os.path.normpath(os.environ["VIRTUAL_ENV"])
     virtualenv_name = os.path.basename(virtualenv_home)
-    runfiles_dir = os.path.normpath(os.environ["RUNFILES_DIR"])
     builddir = os.path.normpath(os.environ["BUILD_WORKING_DIRECTORY"])
     target_package, target_name = os.environ["BAZEL_TARGET"].split("//", 1)[1].split(":")
 
diff --git a/py/private/py_venv/BUILD.bazel b/py/private/py_venv/BUILD.bazel
index d2e5576a..fb93cfc1 100644
--- a/py/private/py_venv/BUILD.bazel
+++ b/py/private/py_venv/BUILD.bazel
@@ -1,12 +1,10 @@
 load("@bazel_lib//:bzl_library.bzl", "bzl_library")
 load("@bazel_skylib//rules:common_settings.bzl", "bool_flag")
-load(":defs.bzl", "py_venv_test")
 
 package(default_visibility = ["//py:__subpackages__"])
 
 exports_files([
     "entrypoint.tmpl.sh",
-    "link.py",
 ])
 
 bool_flag(
@@ -59,16 +57,6 @@ bzl_library(
     ],
 )
 
-py_venv_test(
-    name = "test_link",
-    srcs = [
-        "link.py",
-        "test_link.py",
-    ],
-    imports = ["."],
-    main = "test_link.py",
-)
-
 bzl_library(
     name = "defs",
     srcs = ["defs.bzl"],
diff --git a/py/private/py_venv/defs.bzl b/py/private/py_venv/defs.bzl
index 272b0967..aa4ea366 100644
--- a/py/private/py_venv/defs.bzl
+++ b/py/private/py_venv/defs.bzl
@@ -1,8 +1,7 @@
 """Implementation for the py_binary and py_test rules."""
 
-load(":py_venv.bzl", _py_venv = "py_venv", _py_venv_binary = "py_venv_binary", _py_venv_link = "py_venv_link", _py_venv_test = "py_venv_test")
+load(":py_venv.bzl", _py_venv = "py_venv", _py_venv_binary = "py_venv_binary", _py_venv_test = "py_venv_test")
 
 py_venv = _py_venv
-py_venv_link = _py_venv_link
 py_venv_binary = _py_venv_binary
 py_venv_test = _py_venv_test
diff --git a/py/private/py_venv/py_venv.bzl b/py/private/py_venv/py_venv.bzl
index 0f3788da..5d9ea722 100644
--- a/py/private/py_venv/py_venv.bzl
+++ b/py/private/py_venv/py_venv.bzl
@@ -430,19 +430,3 @@ _py_venv_test = rule(
 py_venv = _wrap_with_debug(_py_venv)
 py_venv_binary = _wrap_with_debug(_py_venv_binary)
 py_venv_test = _wrap_with_debug(_py_venv_test)
-
-def py_venv_link(venv_name = None, srcs = [], **kwargs):
-    """Build a Python virtual environment and produce a script to link it into the build directory."""
-
-    # Note that the binary is already wrapped with debug
-    link_script = str(Label("//py/private/py_venv:link.py"))
-    kwargs["debug"] = select({
-        Label(":debug_venv_setting"): True,
-        "//conditions:default": False,
-    })
-    py_venv_binary(
-        args = [] + (["--name=" + venv_name] if venv_name else []),
-        main = link_script,
-        srcs = srcs + [link_script],
-        **kwargs
-    )
diff --git a/py/settings/BUILD.bazel b/py/settings/BUILD.bazel
new file mode 100644
index 00000000..c5ebff38
--- /dev/null
+++ b/py/settings/BUILD.bazel
@@ -0,0 +1,20 @@
+load("@bazel_skylib//rules:common_settings.bzl", "string_flag")
+
+# For Bazel 6.x compatibility, since
+# PyRuntimeInfo shipped only with Bazel 7
+# Users can set, e.g. --@aspect_rules_py//py:interpreter_version=3.9.18
+alias(
+    name = "interpreter_version",
+    actual = "@rules_python//python/config_settings:python_version",
+    visibility = ["//visibility:public"],
+)
+
+string_flag(
+    name = "venv_strategy",
+    build_setting_default = "dynamic",
+    values = [
+        "dynamic",
+        "static",
+    ],
+    visibility = ["//visibility:public"],
+)
diff --git a/py/tests/venv-link/BUILD.bazel b/py/tests/venv-link/BUILD.bazel
new file mode 100644
index 00000000..3a0e1e6e
--- /dev/null
+++ b/py/tests/venv-link/BUILD.bazel
@@ -0,0 +1,11 @@
+load("//py/private/py_venv:defs.bzl", "py_venv_test")
+
+py_venv_test(
+    name = "test_link",
+    srcs = [
+        "test_link.py",
+        "//py/private/link:link.py",
+    ],
+    imports = ["../../private/link/"],
+    main = "test_link.py",
+)
diff --git a/py/private/py_venv/test_link.py b/py/tests/venv-link/test_link.py
similarity index 100%
rename from py/private/py_venv/test_link.py
rename to py/tests/venv-link/test_link.py
diff --git a/py/unstable/defs.bzl b/py/unstable/defs.bzl
index 497ddf85..61748b96 100644
--- a/py/unstable/defs.bzl
+++ b/py/unstable/defs.bzl
@@ -5,9 +5,8 @@ Unstable rules and preview machinery.
 No promises are made about compatibility across releases.
 """
 
-load("//py/private/py_venv:defs.bzl", _bin = "py_venv_binary", _link = "py_venv_link", _test = "py_venv_test", _venv = "py_venv")
+load("//py/private/py_venv:defs.bzl", _bin = "py_venv_binary", _test = "py_venv_test", _venv = "py_venv")
 
 py_venv = _venv
-py_venv_link = _link
 py_venv_binary = _bin
 py_venv_test = _test