diff --git a/dev-python/pypy/metadata.xml b/dev-python/pypy/metadata.xml
index efd7c8c218367..786955f8b2f0b 100644
--- a/dev-python/pypy/metadata.xml
+++ b/dev-python/pypy/metadata.xml
@@ -5,4 +5,13 @@
 		<email>python@gentoo.org</email>
 		<name>Python</name>
 	</maintainer>
+	<use>
+		<flag name="full-stdlib">
+			Install complete stdlib as necessary to use PyPy for general
+			purpose programs.  By default, only a limited subset that is
+			used when building <pkg>dev-python/pypy3-exe</pkg> is
+			installed.  Note that PyPy2.7's stdlib contains multiple
+			known vulnerabilities.
+		</flag>
+	</use>
 </pkgmetadata>
diff --git a/dev-python/pypy/pypy-7.3.9-r1.ebuild b/dev-python/pypy/pypy-7.3.9-r1.ebuild
new file mode 100644
index 0000000000000..ae8f4222bb0c1
--- /dev/null
+++ b/dev-python/pypy/pypy-7.3.9-r1.ebuild
@@ -0,0 +1,300 @@
+# Copyright 1999-2022 Gentoo Authors
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI=8
+
+inherit pax-utils python-utils-r1
+
+PYPY_PV=${PV%_p*}
+MY_P=pypy2.7-v${PYPY_PV/_}
+PATCHSET="pypy2.7-gentoo-patches-${PV/_rc/rc}"
+
+DESCRIPTION="A fast, compliant alternative implementation of the Python language"
+HOMEPAGE="https://www.pypy.org/"
+SRC_URI="
+	https://buildbot.pypy.org/pypy/${MY_P}-src.tar.bz2
+	https://dev.gentoo.org/~mgorny/dist/python/${PATCHSET}.tar.xz
+"
+S="${WORKDIR}/${MY_P}-src"
+
+LICENSE="MIT"
+# pypy -c 'import sysconfig; print sysconfig.get_config_var("SOABI")'
+SLOT="0/73"
+KEYWORDS="~amd64 ~arm64 ~ppc64 ~x86 ~amd64-linux ~x86-linux"
+IUSE="bzip2 full-stdlib gdbm +jit ncurses sqlite tk"
+
+RDEPEND="
+	|| (
+		>=dev-python/pypy-exe-${PYPY_PV}:${PYPY_PV}[bzip2?,ncurses?]
+		>=dev-python/pypy-exe-bin-${PYPY_PV}:${PYPY_PV}
+	)
+	dev-libs/openssl:0=
+	gdbm? ( sys-libs/gdbm:0= )
+	sqlite? ( dev-db/sqlite:3= )
+	tk? (
+		dev-lang/tk:0=
+		dev-tcltk/tix:0=
+	)
+	!<dev-python/pypy-bin-7.3.0:0
+"
+DEPEND="
+	${RDEPEND}
+"
+
+src_prepare() {
+	local PATCHES=(
+		"${WORKDIR}/${PATCHSET}"
+	)
+	default
+}
+
+src_compile() {
+	# copy over to make sys.prefix happy
+	cp -p "${BROOT}"/usr/lib/pypy2.7/pypy-c-${PYPY_PV} pypy-c || die
+	cp -p "${BROOT}"/usr/lib/pypy2.7/include/${PYPY_PV}/* include/ || die
+	# (not installed by pypy)
+	rm pypy/module/cpyext/include/_numpypy/numpy/README || die
+	mv pypy/module/cpyext/include/* include/ || die
+	mv pypy/module/cpyext/parse/*.h include/ || die
+	pax-mark m pypy-c
+
+	# verify the subslot
+	local soabi=$(
+		./pypy-c - <<-EOF
+			import sysconfig
+			print sysconfig.get_config_var("SOABI")
+		EOF
+	)
+	[[ ${soabi#pypy-} == ${SLOT#*/} ]] || die "update subslot to ${soabi}"
+
+	einfo "Generating caches and CFFI modules ..."
+
+	if use full-stdlib; then
+		# Generate Grammar and PatternGrammar pickles.
+		./pypy-c - <<-EOF || die "Generation of Grammar and PatternGrammar pickles failed"
+			import lib2to3.pygram
+			import lib2to3.patcomp
+			lib2to3.patcomp.PatternCompiler()
+		EOF
+
+		# Generate cffi modules
+		# Please keep in sync with pypy/tool/build_cffi_imports.py!
+		cffi_targets=( pypy_util ssl audioop syslog pwdgrp resource )
+		use gdbm && cffi_targets+=( gdbm )
+		use ncurses && cffi_targets+=( curses )
+		use sqlite && cffi_targets+=( sqlite3 )
+		use tk && cffi_targets+=( tkinter/tklib )
+
+		local t
+		# all modules except tkinter output to .
+		# tkinter outputs to the correct dir ...
+		cd lib_pypy || die
+		for t in "${cffi_targets[@]}"; do
+			# tkinter doesn't work via -m
+			../pypy-c "_${t}_build.py" || die "Failed to build CFFI bindings for ${t}"
+		done
+
+		# Verify that CFFI module list is up-to-date
+		local expected_cksum=2d3acf18
+		local local_cksum=$(
+			../pypy-c - <<-EOF
+				import binascii
+				import json
+				from pypy_tools.build_cffi_imports import cffi_build_scripts as x
+				print("%08x" % (binascii.crc32(json.dumps(x)),))
+			EOF
+		)
+		if [[ ${local_cksum} != ${expected_cksum} ]]; then
+			die "Please verify cffi_targets and update checksum to ${local_cksum}"
+		fi
+
+		# Cleanup temporary objects
+		find -name "_cffi_*.[co]" -delete || die
+		find -type d -empty -delete || die
+	fi
+}
+
+src_test() {
+	# (unset)
+	local -x PYTHONDONTWRITEBYTECODE=
+	local -x COLUMNS=80
+
+	local ignored_tests=(
+		# network
+		--ignore=lib-python/2.7/test/test_urllibnet.py
+		--ignore=lib-python/2.7/test/test_urllib2net.py
+		# lots of free space
+		--ignore=lib-python/2.7/test/test_zipfile64.py
+
+		# broken by expat-2.4.5
+		--ignore=lib-python/2.7/test/test_minidom.py
+		--ignore=lib-python/2.7/test/test_xml_etree.py
+		--ignore=lib-python/2.7/test/test_xml_etree_c.py
+	)
+
+	./pypy-c ./pypy/test_all.py --pypy=./pypy-c -vv \
+		"${ignored_tests[@]}" lib-python || die
+}
+
+src_install() {
+	local dest=/usr/lib/pypy2.7
+	einfo "Installing PyPy ..."
+	dosym pypy-c-${PYPY_PV} "${dest}/pypy-c"
+	insinto "${dest}"
+	# preserve mtimes to avoid obsoleting caches
+	insopts -p
+	if use full-stdlib; then
+		doins -r include lib_pypy lib-python
+
+		# replace copied headers with symlinks
+		for x in "${BROOT}"/usr/lib/pypy2.7/include/${PYPY_PV}/*; do
+			dosym "${PYPY_PV}/${x##*/}" "${dest}/include/${x##*/}"
+		done
+
+		if ! use gdbm; then
+			rm -r "${ED}${dest}"/lib_pypy/gdbm.py \
+				"${ED}${dest}"/lib-python/*2.7/test/test_gdbm.py || die
+		fi
+		if ! use sqlite; then
+			rm -r "${ED}${dest}"/lib-python/*2.7/sqlite3 \
+				"${ED}${dest}"/lib_pypy/_sqlite3.py \
+				"${ED}${dest}"/lib-python/*2.7/test/test_sqlite.py || die
+		fi
+		if ! use tk; then
+			rm -r "${ED}${dest}"/lib-python/*2.7/{idlelib,lib-tk} \
+				"${ED}${dest}"/lib_pypy/_tkinter \
+				"${ED}${dest}"/lib-python/*2.7/test/test_{tcl,tk,ttk*}.py || die
+		fi
+	else
+		# install only the absolutely minimal subset of modules needed
+		# for pypy3 build
+		local lib_py_modules=(
+			# base modules needed to even start pypy (and import site)
+			codecs.py
+			copy_reg.py
+			encodings
+			genericpath.py
+			linecache.py
+			os.py
+			pkgutil.py
+			posixpath.py
+			re.py
+			runpy.py
+			site.py
+			sre_compile.py
+			sre_constants.py
+			sre_parse.py
+			stat.py
+			string.py
+			sysconfig.py
+			traceback.py
+			warnings.py
+			UserDict.py
+
+			# needed for python_optimize
+			compileall.py
+			getopt.py
+			py_compile.py
+			struct.py
+
+			# needed for rpython
+			argparse.py
+			atexit.py
+			base64.py
+			bdb.py
+			bisect.py
+			cmd.py
+			code.py
+			codeop.py
+			collections.py
+			colorsys.py
+			contextlib.py
+			copy.py
+			ctypes
+			dis.py
+			fnmatch.py
+			functools.py
+			gettext.py
+			hashlib.py
+			heapq.py
+			inspect.py
+			io.py
+			json
+			keyword.py
+			locale.py
+			logging
+			opcode.py
+			optparse.py
+			pdb.py
+			pickle.py
+			platform.py
+			pprint.py
+			random.py
+			repr.py
+			shlex.py
+			shutil.py
+			StringIO.py
+			subprocess.py
+			tempfile.py
+			textwrap.py
+			threading.py
+			tokenize.py
+			weakref.py
+			zipfile.py
+		)
+
+		local distutils_modules=(
+			# needed by site
+			__init__.py
+			errors.py
+			sysconfig.py
+			sysconfig_cpython.py
+			sysconfig_pypy.py
+		)
+
+		local lib_pypy_modules=(
+			# needed by site
+			_sysconfigdata.py
+
+			# needed by rpython
+			cffi
+			_ctypes
+			_ffi.py
+			_functools.py
+			_sha.py
+			_sha256.py
+			_sha512.py
+
+			# NB: we're deliberately skipping _hashlib to avoid some deps
+		)
+
+		cd lib-python/2.7 || die
+		insinto "${dest}/lib-python/2.7"
+		doins -r "${lib_py_modules[@]}"
+		cd - >/dev/null || die
+
+		cd lib-python/2.7/distutils || die
+		insinto "${dest}/lib-python/2.7/distutils"
+		doins -r "${distutils_modules[@]}"
+		cd - >/dev/null || die
+
+		cd lib_pypy || die
+		insinto "${dest}/lib_pypy"
+		doins -r "${lib_pypy_modules[@]}"
+		cd - >/dev/null || die
+	fi
+
+	dosym ../lib/pypy2.7/pypy-c /usr/bin/pypy
+	dodoc README.rst
+
+	local -x EPYTHON=pypy
+	local -x PYTHON=${ED}${dest}/pypy-c-${PYPY_PV}
+	# temporarily copy to build tree to facilitate module builds
+	cp -p "${BROOT}${dest}/pypy-c-${PYPY_PV}" "${PYTHON}" || die
+
+	einfo "Byte-compiling Python standard library..."
+	python_optimize "${ED}${dest}"
+
+	# remove to avoid collisions
+	rm "${PYTHON}" || die
+}