diff --git a/ChangeLog b/ChangeLog
index a4b14b546c..896f26ab2d 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -30,6 +30,10 @@ Bugfix
    * Zeroize memory used for reassembling handshake messages after use.
    * Use `mbedtls_zeroize()` instead of `memset()` for zeroization of
      sensitive data in the example programs aescrypt2 and crypt_and_hash.
+   * Fix compilation failure for configurations which use compile time
+     replacements of standard calloc/free functions through the macros
+     MBEDTLS_PLATFORM_CALLOC_MACRO and MBEDTLS_PLATFORM_FREE_MACRO.
+     Reported by ole-de and ddhome2006. Fixes #882, #1642 and #1706.
 
 Changes
    * Add tests for session resumption in DTLS.
diff --git a/library/platform.c b/library/platform.c
index a295f9b9af..aa88fc1a66 100644
--- a/library/platform.c
+++ b/library/platform.c
@@ -37,7 +37,14 @@ static void mbedtls_zeroize( void *v, size_t n ) {
 }
 #endif
 
-#if defined(MBEDTLS_PLATFORM_MEMORY)
+/* The compile time configuration of memory allocation via the macros
+ * MBEDTLS_PLATFORM_{FREE/CALLOC}_MACRO takes precedence over the runtime
+ * configuration via mbedtls_platform_set_calloc_free(). So, omit everything
+ * related to the latter if MBEDTLS_PLATFORM_{FREE/CALLOC}_MACRO are defined. */
+#if defined(MBEDTLS_PLATFORM_MEMORY) &&                 \
+    !( defined(MBEDTLS_PLATFORM_CALLOC_MACRO) &&        \
+       defined(MBEDTLS_PLATFORM_FREE_MACRO) )
+
 #if !defined(MBEDTLS_PLATFORM_STD_CALLOC)
 static void *platform_calloc_uninit( size_t n, size_t size )
 {
@@ -68,7 +75,9 @@ int mbedtls_platform_set_calloc_free( void * (*calloc_func)( size_t, size_t ),
     mbedtls_free = free_func;
     return( 0 );
 }
-#endif /* MBEDTLS_PLATFORM_MEMORY */
+#endif /* MBEDTLS_PLATFORM_MEMORY &&
+          !( defined(MBEDTLS_PLATFORM_CALLOC_MACRO) &&
+             defined(MBEDTLS_PLATFORM_FREE_MACRO) ) */
 
 #if defined(_WIN32)
 #include <stdarg.h>
diff --git a/tests/scripts/all.sh b/tests/scripts/all.sh
index a07060e827..391de195be 100755
--- a/tests/scripts/all.sh
+++ b/tests/scripts/all.sh
@@ -652,6 +652,18 @@ make
 msg "test: MBEDTLS_TEST_NULL_ENTROPY - main suites (inc. selftests) (ASan build)"
 make test
 
+msg "build: MBEDTLS_PLATFORM_{CALLOC/FREE}_MACRO enabled (ASan build)"
+cleanup
+cp "$CONFIG_H" "$CONFIG_BAK"
+scripts/config.pl set MBEDTLS_PLATFORM_MEMORY
+scripts/config.pl set MBEDTLS_PLATFORM_CALLOC_MACRO calloc
+scripts/config.pl set MBEDTLS_PLATFORM_FREE_MACRO   free
+CC=gcc cmake -D CMAKE_BUILD_TYPE:String=Asan .
+make
+
+msg "test: MBEDTLS_PLATFORM_{CALLOC/FREE}_MACRO enabled (ASan build)"
+make test
+
 if uname -a | grep -F Linux >/dev/null; then
     msg "build/test: make shared" # ~ 40s
     cleanup