diff --git a/.gitmodules b/.gitmodules
index a9d96dbdf4..1cac210ca7 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -49,7 +49,7 @@
 	url = https://github.com/RPCS3/yaml-cpp.git
 	ignore = dirty
 [submodule "3rdparty/libpng"]
-	path = 3rdparty/libpng
+	path = 3rdparty/libpng/libpng
 	url = https://github.com/glennrp/libpng.git
 	ignore = dirty
 [submodule "3rdparty/libusb"]
diff --git a/3rdparty/CMakeLists.txt b/3rdparty/CMakeLists.txt
index d8cc208798..58e9a81b2b 100644
--- a/3rdparty/CMakeLists.txt
+++ b/3rdparty/CMakeLists.txt
@@ -29,28 +29,7 @@ add_library(3rdparty_flatbuffers INTERFACE)
 target_include_directories(3rdparty_flatbuffers INTERFACE flatbuffers/include)
 
 # libPNG
-# Select the version of libpng to use, default is builtin
-if (NOT USE_SYSTEM_LIBPNG)
-	# We use libpng's static library and don't need to build the shared library and run the tests
-	set(PNG_SHARED OFF CACHE BOOL "Build shared lib" FORCE)
-	set(PNG_TESTS OFF CACHE BOOL "Build libpng tests" FORCE)
-	set(PNG_BUILD_ZLIB ON CACHE BOOL "ZLIB is already build or package is found" FORCE)
-	set(SKIP_INSTALL_ALL ON)
-	add_subdirectory(libpng EXCLUDE_FROM_ALL)
-
-	set(LIBPNG_TARGET png_static)
-
-	target_include_directories(png_static INTERFACE "${libpng_BINARY_DIR}" "${libpng_SOURCE_DIR}")
-else()
-	find_package(PNG REQUIRED)
-
-	add_library(3rdparty_system_libpng INTERFACE)
-	target_include_directories(3rdparty_system_libpng INTERFACE ${PNG_INCLUDE_DIR})
-	target_link_libraries(3rdparty_system_libpng INTERFACE ${PNG_LIBRARY})
-	target_compile_definitions(3rdparty_system_libpng INTERFACE ${PNG_DEFINITIONS})
-
-	set(LIBPNG_TARGET 3rdparty_system_libpng)
-endif()
+add_subdirectory(libpng EXCLUDE_FROM_ALL)
 
 
 # pugixml
diff --git a/3rdparty/libpng/CMakeLists.txt b/3rdparty/libpng/CMakeLists.txt
new file mode 100644
index 0000000000..d1c3b58bcd
--- /dev/null
+++ b/3rdparty/libpng/CMakeLists.txt
@@ -0,0 +1,22 @@
+# libPNG
+# Select the version of libpng to use, default is builtin
+if (NOT USE_SYSTEM_LIBPNG)
+	# We use libpng's static library and don't need to build the shared library and run the tests
+	set(PNG_SHARED OFF CACHE BOOL "Build shared lib" FORCE)
+	set(PNG_TESTS OFF CACHE BOOL "Build libpng tests" FORCE)
+	set(PNG_BUILD_ZLIB ON CACHE BOOL "ZLIB is already build or package is found" FORCE)
+	set(SKIP_INSTALL_ALL ON)
+	add_subdirectory(libpng EXCLUDE_FROM_ALL)
+	target_include_directories(png_static INTERFACE "${libpng_BINARY_DIR}" "${libpng_SOURCE_DIR}")
+
+	set(LIBPNG_TARGET png_static PARENT_SCOPE)	
+else()
+	find_package(PNG REQUIRED)
+
+	add_library(3rdparty_system_libpng INTERFACE)
+	target_include_directories(3rdparty_system_libpng INTERFACE ${PNG_INCLUDE_DIR})
+	target_link_libraries(3rdparty_system_libpng INTERFACE ${PNG_LIBRARY})
+	target_compile_definitions(3rdparty_system_libpng INTERFACE ${PNG_DEFINITIONS})
+
+	set(LIBPNG_TARGET 3rdparty_system_libpng PARENT_SCOPE)
+endif()
diff --git a/3rdparty/libpng b/3rdparty/libpng/libpng
similarity index 100%
rename from 3rdparty/libpng
rename to 3rdparty/libpng/libpng
diff --git a/3rdparty/libpng.vcxproj b/3rdparty/libpng/libpng.vcxproj
similarity index 89%
rename from 3rdparty/libpng.vcxproj
rename to 3rdparty/libpng/libpng.vcxproj
index d9e94ae83c..a7bc0df739 100644
--- a/3rdparty/libpng.vcxproj
+++ b/3rdparty/libpng/libpng.vcxproj
@@ -114,27 +114,27 @@
     </Lib>
   </ItemDefinitionGroup>
   <ItemGroup>
-    <ClCompile Include=".\libpng\png.c">
+    <ClCompile Include="libpng\png.c">
       <PrecompiledHeader Condition="'$(Configuration)|$(Platform)'=='Debug Library|x64'">Create</PrecompiledHeader>
       <PrecompiledHeader Condition="'$(Configuration)|$(Platform)'=='Release Library|x64'">Create</PrecompiledHeader>
     </ClCompile>
-    <ClCompile Include=".\libpng\pngerror.c" />
-    <ClCompile Include=".\libpng\pngget.c" />
-    <ClCompile Include=".\libpng\pngmem.c" />
-    <ClCompile Include=".\libpng\pngpread.c" />
-    <ClCompile Include=".\libpng\pngread.c" />
-    <ClCompile Include=".\libpng\pngrio.c" />
-    <ClCompile Include=".\libpng\pngrtran.c" />
-    <ClCompile Include=".\libpng\pngrutil.c" />
-    <ClCompile Include=".\libpng\pngset.c" />
-    <ClCompile Include=".\libpng\pngtrans.c" />
-    <ClCompile Include=".\libpng\pngwio.c" />
-    <ClCompile Include=".\libpng\pngwrite.c" />
-    <ClCompile Include=".\libpng\pngwtran.c" />
-    <ClCompile Include=".\libpng\pngwutil.c" />
+    <ClCompile Include="libpng\pngerror.c" />
+    <ClCompile Include="libpng\pngget.c" />
+    <ClCompile Include="libpng\pngmem.c" />
+    <ClCompile Include="libpng\pngpread.c" />
+    <ClCompile Include="libpng\pngread.c" />
+    <ClCompile Include="libpng\pngrio.c" />
+    <ClCompile Include="libpng\pngrtran.c" />
+    <ClCompile Include="libpng\pngrutil.c" />
+    <ClCompile Include="libpng\pngset.c" />
+    <ClCompile Include="libpng\pngtrans.c" />
+    <ClCompile Include="libpng\pngwio.c" />
+    <ClCompile Include="libpng\pngwrite.c" />
+    <ClCompile Include="libpng\pngwtran.c" />
+    <ClCompile Include="libpng\pngwutil.c" />
   </ItemGroup>
   <ItemGroup>
-    <ResourceCompile Include=".\libpng\scripts\pngwin.rc">
+    <ResourceCompile Include="libpng\scripts\pngwin.rc">
       <ExcludedFromBuild Condition="'$(Configuration)|$(Platform)'=='Debug Library|x64'">true</ExcludedFromBuild>
       <ExcludedFromBuild Condition="'$(Configuration)|$(Platform)'=='Release Library|x64'">true</ExcludedFromBuild>
     </ResourceCompile>
diff --git a/3rdparty/pnglibconf.vcxproj b/3rdparty/libpng/pnglibconf.vcxproj
similarity index 100%
rename from 3rdparty/pnglibconf.vcxproj
rename to 3rdparty/libpng/pnglibconf.vcxproj
diff --git a/rpcs3.sln b/rpcs3.sln
index 44b3f4a7d6..ed11ef5095 100644
--- a/rpcs3.sln
+++ b/rpcs3.sln
@@ -19,9 +19,9 @@ Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "XAudio", "rpcs3\XAudio.vcxp
 EndProject
 Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "OpenAL", "rpcs3\OpenAL.vcxproj", "{30A05C4D-F5FD-421C-A864-17A64BDEAA75}"
 EndProject
-Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "pnglibconf", "3rdparty\pnglibconf.vcxproj", "{EB33566E-DA7F-4D28-9077-88C0B7C77E35}"
+Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "pnglibconf", "3rdparty\libpng\pnglibconf.vcxproj", "{EB33566E-DA7F-4D28-9077-88C0B7C77E35}"
 EndProject
-Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "libpng", "3rdparty\libpng.vcxproj", "{D6973076-9317-4EF2-A0B8-B7A18AC0713E}"
+Project("{8BC9CEB8-8B4A-11D0-8D11-00A0C91BC942}") = "libpng", "3rdparty\libpng\libpng.vcxproj", "{D6973076-9317-4EF2-A0B8-B7A18AC0713E}"
 	ProjectSection(ProjectDependencies) = postProject
 		{60F89955-91C6-3A36-8000-13C592FEC2DF} = {60F89955-91C6-3A36-8000-13C592FEC2DF}
 		{EB33566E-DA7F-4D28-9077-88C0B7C77E35} = {EB33566E-DA7F-4D28-9077-88C0B7C77E35}
diff --git a/rpcs3/rpcs3.vcxproj b/rpcs3/rpcs3.vcxproj
index ae0fa04d85..f1ac996ece 100644
--- a/rpcs3/rpcs3.vcxproj
+++ b/rpcs3/rpcs3.vcxproj
@@ -62,12 +62,12 @@
     <IgnoreImportLibrary Condition="'$(Configuration)|$(Platform)'=='Debug|x64'">true</IgnoreImportLibrary>
   </PropertyGroup>
   <PropertyGroup Condition="'$(Configuration)|$(Platform)'=='Debug|x64'">
-    <IncludePath>..\3rdparty\7z\src;..\3rdparty\hidapi\hidapi;.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\XAudio2Redist\include;..\3rdparty\span\include;..\3rdparty\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\Optional;..\3rdparty\discord-rpc\include;..\3rdparty\zlib</IncludePath>
+    <IncludePath>..\3rdparty\7z\src;..\3rdparty\hidapi\hidapi;.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\XAudio2Redist\include;..\3rdparty\span\include;..\3rdparty\libpng\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\Optional;..\3rdparty\discord-rpc\include;..\3rdparty\zlib</IncludePath>
     <LibraryPath>$(SolutionDir)lib\$(Configuration)-$(Platform)\;$(UniversalCRT_LibraryPath_x64);$(LibraryPath)</LibraryPath>
   </PropertyGroup>
   <PropertyGroup Condition="'$(Configuration)|$(Platform)'=='Release|x64'">
     <LibraryPath>$(SolutionDir)lib\$(Configuration)-$(Platform)\;$(UniversalCRT_LibraryPath_x64);$(LibraryPath)</LibraryPath>
-    <IncludePath>..\3rdparty\7z\src;..\3rdparty\hidapi\hidapi;.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\XAudio2Redist\include;..\3rdparty\span\include;..\3rdparty\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\Optional;..\3rdparty\discord-rpc\include;..\3rdparty\zlib</IncludePath>
+    <IncludePath>..\3rdparty\7z\src;..\3rdparty\hidapi\hidapi;.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\XAudio2Redist\include;..\3rdparty\span\include;..\3rdparty\libpng\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\Optional;..\3rdparty\discord-rpc\include;..\3rdparty\zlib</IncludePath>
   </PropertyGroup>
   <ItemDefinitionGroup Condition="'$(Configuration)|$(Platform)'=='Release|x64'">
     <ClCompile>
diff --git a/rpcs3_default.props b/rpcs3_default.props
index e528225952..7f5418ab72 100644
--- a/rpcs3_default.props
+++ b/rpcs3_default.props
@@ -3,7 +3,7 @@
   <ImportGroup Label="PropertySheets" />
   <PropertyGroup Label="UserMacros" />
   <PropertyGroup>
-    <IncludePath>.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\span\include;..\3rdparty\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\hidapi\hidapi;..\3rdparty\Optional;..\3rdparty\xxhash</IncludePath>
+    <IncludePath>.\;..\;..\3rdparty\asmjit\asmjit\src;..\3rdparty\yaml-cpp\include;..\3rdparty\ffmpeg\include;..\3rdparty\cereal\include;$(VC_IncludePath);$(WindowsSDK_IncludePath);$(UniversalCRT_IncludePath);..\3rdparty\span\include;..\3rdparty\libpng\libpng;..\3rdparty\GL;..\3rdparty\stblib\include;..\3rdparty\OpenAL\include;..\3rdparty\pugixml\src;..\3rdparty\hidapi\hidapi;..\3rdparty\Optional;..\3rdparty\xxhash</IncludePath>
     <OutDir>$(SolutionDir)lib\$(Configuration)-$(Platform)\</OutDir>
     <LibraryPath>$(SolutionDir)lib\$(Configuration)-$(Platform)\;$(UniversalCRT_LibraryPath_x64);$(LibraryPath)</LibraryPath>
     <IntDir>$(SolutionDir)tmp\$(ProjectName)-$(Configuration)-$(Platform)\</IntDir>