diff --git a/.ci/azure/linux.yml b/.ci/azure/linux.yml
index 3384fd40c0d..9594b4a2c26 100644
--- a/.ci/azure/linux.yml
+++ b/.ci/azure/linux.yml
@@ -138,7 +138,7 @@ jobs:
         -DENABLE_PYTHON=ON
         -DBUILD_SHARED_LIBS=$(CMAKE_BUILD_SHARED_LIBS)
         -DENABLE_GNA=$(CMAKE_BUILD_SHARED_LIBS)
-        -DENABLE_CLDNN=$(CMAKE_BUILD_SHARED_LIBS)
+        -DENABLE_ONEDNN_FOR_GPU=$(CMAKE_BUILD_SHARED_LIBS)
         -DPYTHON_EXECUTABLE=/usr/bin/python3.8
         -DENABLE_WHEEL=ON
         -DENABLE_TESTS=ON
diff --git a/cmake/developer_package/IEDevScriptsConfig.cmake b/cmake/developer_package/IEDevScriptsConfig.cmake
index 5afa256f25d..159062f3398 100644
--- a/cmake/developer_package/IEDevScriptsConfig.cmake
+++ b/cmake/developer_package/IEDevScriptsConfig.cmake
@@ -211,9 +211,7 @@ endif()
 macro(ov_install_static_lib target comp)
     if(NOT BUILD_SHARED_LIBS)
         install(TARGETS ${target} EXPORT OpenVINOTargets
-                RUNTIME DESTINATION ${IE_CPACK_RUNTIME_PATH} COMPONENT ${comp}
-                ARCHIVE DESTINATION ${IE_CPACK_ARCHIVE_PATH} COMPONENT ${comp}
-                LIBRARY DESTINATION ${IE_CPACK_LIBRARY_PATH} COMPONENT ${comp})
+                ARCHIVE DESTINATION ${IE_CPACK_ARCHIVE_PATH} COMPONENT ${comp})
     endif()
 endmacro()
 
diff --git a/cmake/features.cmake b/cmake/features.cmake
index d5c2303ced5..bd4f4891fff 100644
--- a/cmake/features.cmake
+++ b/cmake/features.cmake
@@ -14,6 +14,17 @@ ie_option (ENABLE_STRICT_DEPENDENCIES "Skip configuring \"convinient\" dependenc
 
 ie_dependent_option (ENABLE_CLDNN "clDnn based plugin for inference engine" ON "X86_64;NOT APPLE;NOT MINGW;NOT WINDOWS_STORE;NOT WINDOWS_PHONE" OFF)
 
+if (NOT ENABLE_CLDNN OR ANDROID OR
+    (CMAKE_COMPILER_IS_GNUCXX AND CMAKE_CXX_COMPILER_VERSION VERSION_LESS 7.0))
+    # oneDNN doesn't support old compilers and android builds for now, so we'll
+    # build GPU plugin without oneDNN
+    set(ENABLE_ONEDNN_FOR_GPU_DEFAULT OFF)
+else()
+    set(ENABLE_ONEDNN_FOR_GPU_DEFAULT ON)
+endif()
+
+ie_dependent_option (ENABLE_ONEDNN_FOR_GPU "Enable oneDNN with GPU support" ON "${ENABLE_ONEDNN_FOR_GPU_DEFAULT}" OFF)
+
 ie_option (ENABLE_PROFILING_ITT "Build with ITT tracing. Optionally configure pre-built ittnotify library though INTEL_VTUNE_DIR variable." OFF)
 
 ie_option_enum(ENABLE_PROFILING_FILTER "Enable or disable ITT counter groups.\
diff --git a/inference-engine/src/cldnn_engine/CMakeLists.txt b/inference-engine/src/cldnn_engine/CMakeLists.txt
index 07fdb08df84..c28ff772540 100644
--- a/inference-engine/src/cldnn_engine/CMakeLists.txt
+++ b/inference-engine/src/cldnn_engine/CMakeLists.txt
@@ -43,6 +43,11 @@ target_include_directories(${TARGET_NAME} PRIVATE
 
 set_target_properties(${TARGET_NAME} PROPERTIES INTERPROCEDURAL_OPTIMIZATION_RELEASE ${ENABLE_LTO})
 
+# Workaround to avoid warnings during LTO build
+if(CMAKE_CXX_COMPILER_ID STREQUAL "GNU")
+    set_target_properties(${TARGET_NAME} PROPERTIES LINK_FLAGS_RELEASE "-Wno-error=maybe-uninitialized -Wno-maybe-uninitialized")
+endif()
+
 # Failed because of OpenCL
 # ie_add_api_validator_post_build_step(TARGET ${TARGET_NAME})
 
diff --git a/inference-engine/src/inference_engine/CMakeLists.txt b/inference-engine/src/inference_engine/CMakeLists.txt
index bff4002cbdc..530dced9d33 100644
--- a/inference-engine/src/inference_engine/CMakeLists.txt
+++ b/inference-engine/src/inference_engine/CMakeLists.txt
@@ -140,7 +140,7 @@ target_include_directories(${TARGET_NAME}_obj SYSTEM PRIVATE $<TARGET_PROPERTY:n
 
 target_include_directories(${TARGET_NAME}_obj PRIVATE "${CMAKE_CURRENT_SOURCE_DIR}/src"
                                                       "${CMAKE_CURRENT_BINARY_DIR}" # for static ie_plugins.hpp
-                                                      "${IE_MAIN_SOURCE_DIR}/src/readers/ir_reader_v7" # for ie_ir_version.hpp
+                                                      $<TARGET_PROPERTY:inference_engine_ir_v7_reader,SOURCE_DIR> # for ie_ir_version.hpp
                                                       $<TARGET_PROPERTY:${TARGET_NAME}_legacy,INTERFACE_INCLUDE_DIRECTORIES>
                                                       $<TARGET_PROPERTY:${TARGET_NAME}_transformations,INTERFACE_INCLUDE_DIRECTORIES>
                                                       $<TARGET_PROPERTY:${TARGET_NAME}_plugin_api,INTERFACE_INCLUDE_DIRECTORIES>)
@@ -215,7 +215,7 @@ endif()
 target_include_directories(${TARGET_NAME}_s PUBLIC
     $<TARGET_PROPERTY:inference_engine_plugin_api,INTERFACE_INCLUDE_DIRECTORIES>
     $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/src>
-    $<BUILD_INTERFACE:${IE_MAIN_SOURCE_DIR}/src/legacy_api/src>)
+    $<BUILD_INTERFACE:$<TARGET_PROPERTY:${TARGET_NAME}_legacy,SOURCE_DIR>/src>)
 
 if(WIN32)
     set_target_properties(${TARGET_NAME}_s PROPERTIES COMPILE_PDB_NAME ${TARGET_NAME}_s)
diff --git a/inference-engine/src/legacy_api/CMakeLists.txt b/inference-engine/src/legacy_api/CMakeLists.txt
index d9158ef5ba1..1acd566e5b3 100644
--- a/inference-engine/src/legacy_api/CMakeLists.txt
+++ b/inference-engine/src/legacy_api/CMakeLists.txt
@@ -39,7 +39,7 @@ target_compile_definitions(${TARGET_NAME}_obj PRIVATE IMPLEMENT_INFERENCE_ENGINE
 target_include_directories(${TARGET_NAME}_obj PRIVATE
     ${PUBLIC_HEADERS_DIR}
     ${CMAKE_CURRENT_SOURCE_DIR}/src
-    ${IE_MAIN_SOURCE_DIR}/src/inference_engine/src # For CNNNetworkNGraphImpl
+    $<TARGET_PROPERTY:inference_engine,SOURCE_DIR>/src # For CNNNetworkNGraphImpl
     $<TARGET_PROPERTY:inference_engine_transformations,INTERFACE_INCLUDE_DIRECTORIES>
     $<TARGET_PROPERTY:inference_engine_plugin_api,INTERFACE_INCLUDE_DIRECTORIES>
     $<TARGET_PROPERTY:ngraph,INTERFACE_INCLUDE_DIRECTORIES>
diff --git a/inference-engine/tests/functional/inference_engine/CMakeLists.txt b/inference-engine/tests/functional/inference_engine/CMakeLists.txt
index 1e00c1dfdc8..1aed4b84b0e 100644
--- a/inference-engine/tests/functional/inference_engine/CMakeLists.txt
+++ b/inference-engine/tests/functional/inference_engine/CMakeLists.txt
@@ -4,7 +4,7 @@
 
 set(TARGET_NAME ieFuncTests)
 
-set(INCLUDES ${IE_MAIN_SOURCE_DIR}/src/inference_engine/src)
+set(INCLUDES $<TARGET_PROPERTY:inference_engine,SOURCE_DIR>/src)
 
 set(LINK_LIBRARIES
     gmock
diff --git a/inference-engine/tests/functional/plugin/cpu/CMakeLists.txt b/inference-engine/tests/functional/plugin/cpu/CMakeLists.txt
index a9b7f932241..6535fca61e3 100644
--- a/inference-engine/tests/functional/plugin/cpu/CMakeLists.txt
+++ b/inference-engine/tests/functional/plugin/cpu/CMakeLists.txt
@@ -8,7 +8,7 @@ add_library(cpuSpecificRtInfo STATIC ${IE_MAIN_SOURCE_DIR}/src/mkldnn_plugin/uti
                                      ${IE_MAIN_SOURCE_DIR}/src/mkldnn_plugin/utils/rt_info/memory_formats_attribute.cpp)
 target_link_libraries(cpuSpecificRtInfo PRIVATE ngraph)
 
-set(INCLUDES ${CMAKE_CURRENT_SOURCE_DIR} ${IE_MAIN_SOURCE_DIR}/src/mkldnn_plugin)
+set(INCLUDES ${CMAKE_CURRENT_SOURCE_DIR} $<TARGET_PROPERTY:MKLDNNPlugin,SOURCE_DIR>)
 set(DEPENDENCIES MKLDNNPlugin)
 set(LINK_LIBRARIES funcSharedTests cpuSpecificRtInfo)
 if (NGRAPH_ONNX_FRONTEND_ENABLE)
diff --git a/inference-engine/tests/unit/cpu/CMakeLists.txt b/inference-engine/tests/unit/cpu/CMakeLists.txt
index a66c27aa5c2..d44d2584212 100644
--- a/inference-engine/tests/unit/cpu/CMakeLists.txt
+++ b/inference-engine/tests/unit/cpu/CMakeLists.txt
@@ -8,8 +8,8 @@ addIeTargetTest(
         NAME ${TARGET_NAME}
         ROOT ${CMAKE_CURRENT_SOURCE_DIR}
         INCLUDES
-            ${IE_MAIN_SOURCE_DIR}/src/mkldnn_plugin
-            ${IE_MAIN_SOURCE_DIR}/src/mkldnn_plugin/nodes
+            $<TARGET_PROPERTY:MKLDNNPlugin,SOURCE_DIR>
+            $<TARGET_PROPERTY:MKLDNNPlugin,SOURCE_DIR>/nodes
             $<TARGET_PROPERTY:openvino::conditional_compilation,INTERFACE_INCLUDE_DIRECTORIES>
         OBJECT_FILES
             $<TARGET_OBJECTS:MKLDNNPlugin_obj>
diff --git a/inference-engine/tests_deprecated/behavior/vpu/CMakeLists.txt b/inference-engine/tests_deprecated/behavior/vpu/CMakeLists.txt
index a2956a887dd..72c1b13436b 100644
--- a/inference-engine/tests_deprecated/behavior/vpu/CMakeLists.txt
+++ b/inference-engine/tests_deprecated/behavior/vpu/CMakeLists.txt
@@ -57,7 +57,7 @@ function(enable_vpu TARGET_NAME FLAG_NAME PLUGIN_NAME)
         target_include_directories(${TARGET_NAME} PRIVATE
                 $<TARGET_PROPERTY:vpu_graph_transformer,INTERFACE_INCLUDE_DIRECTORIES>
                 ${CMAKE_CURRENT_SOURCE_DIR}/myriad_tests
-                ${IE_MAIN_SOURCE_DIR}/src/inference_engine/src
+                $<TARGET_PROPERTY:inference_engine,SOURCE_DIR>/src
                 ${XLINK_INCLUDE}
                 ${XLINK_PLATFORM_INCLUDE})
         target_link_libraries(${TARGET_NAME} PRIVATE mvnc)
diff --git a/inference-engine/tests_deprecated/unit/CMakeLists.txt b/inference-engine/tests_deprecated/unit/CMakeLists.txt
index 5f109be495a..fb8fc881aff 100644
--- a/inference-engine/tests_deprecated/unit/CMakeLists.txt
+++ b/inference-engine/tests_deprecated/unit/CMakeLists.txt
@@ -82,7 +82,7 @@ if (ENABLE_MYRIAD)
             )
     include_directories(
             engines/vpu/myriad_tests/helpers
-            ${IE_MAIN_SOURCE_DIR}/src/vpu/myriad_plugin
+            $<TARGET_PROPERTY:myriadPlugin,SOURCE_DIR>
             ${XLINK_INCLUDE}
             ${XLINK_PLATFORM_INCLUDE})
 
diff --git a/inference-engine/thirdparty/clDNN/CMakeLists.txt b/inference-engine/thirdparty/clDNN/CMakeLists.txt
index 37b824c0698..18270b771a5 100644
--- a/inference-engine/thirdparty/clDNN/CMakeLists.txt
+++ b/inference-engine/thirdparty/clDNN/CMakeLists.txt
@@ -12,14 +12,6 @@ project("${CLDNN__PROJ_NAME}")
 # ====================================== HELPER CONSTANT VARIABLES =====================================
 # ======================================================================================================
 # ======================================================================================================
-if (ENABLE_ONEDNN_FOR_GPU)
-    ExternalProject_Get_property(onednn_gpu_build SOURCE_DIR)
-    ExternalProject_Get_property(onednn_gpu_build BINARY_DIR)
-
-    set(ONEDNN_TARGET_NAME onednn_gpu)
-    set(ONEDNN_INCLUDE_DIRS "${BINARY_DIR}/include/" "${SOURCE_DIR}/include/")
-    set(ONEDNN_LIBRARY "${CMAKE_LIBRARY_OUTPUT_DIRECTORY}/${CMAKE_STATIC_LIBRARY_PREFIX}onednn_gpu${CMAKE_STATIC_LIBRARY_SUFFIX}")
-endif()
 
 if(ENABLE_GPU_DEBUG_CAPS)
   add_definitions(-DGPU_DEBUG_CONFIG=1)
diff --git a/inference-engine/thirdparty/clDNN/runtime/CMakeLists.txt b/inference-engine/thirdparty/clDNN/runtime/CMakeLists.txt
index 2239c995051..d4d6b319dcd 100644
--- a/inference-engine/thirdparty/clDNN/runtime/CMakeLists.txt
+++ b/inference-engine/thirdparty/clDNN/runtime/CMakeLists.txt
@@ -67,12 +67,7 @@ target_link_libraries("${CLDNN_BUILD__PROJ}" PRIVATE
   )
 
 if(ENABLE_ONEDNN_FOR_GPU)
-  add_dependencies("${CLDNN_BUILD__PROJ}" onednn_gpu_build)
-  target_link_libraries("${CLDNN_BUILD__PROJ}" PUBLIC ${ONEDNN_LIBRARY})
-  foreach(dir IN LISTS ONEDNN_INCLUDE_DIRS)
-    target_include_directories("${CLDNN_BUILD__PROJ}" PUBLIC $<BUILD_INTERFACE:${dir}>)
-  endforeach()
-  target_compile_definitions("${CLDNN_BUILD__PROJ}" PUBLIC ENABLE_ONEDNN_FOR_GPU)
+  target_link_libraries("${CLDNN_BUILD__PROJ}" PUBLIC onednn_gpu)
 endif()
 
 if(WIN32)
diff --git a/inference-engine/thirdparty/clDNN/src/CMakeLists.txt b/inference-engine/thirdparty/clDNN/src/CMakeLists.txt
index f86a7a431d3..df2cde95958 100644
--- a/inference-engine/thirdparty/clDNN/src/CMakeLists.txt
+++ b/inference-engine/thirdparty/clDNN/src/CMakeLists.txt
@@ -128,11 +128,7 @@ target_link_libraries("${CLDNN_BUILD__PROJ}" PRIVATE
 )
 
 if(ENABLE_ONEDNN_FOR_GPU)
-  target_link_libraries("${CLDNN_BUILD__PROJ}" PUBLIC ${ONEDNN_LIBRARY})
-  foreach(dir IN LISTS ONEDNN_INCLUDE_DIRS)
-    target_include_directories("${CLDNN_BUILD__PROJ}" PUBLIC $<BUILD_INTERFACE:${dir}>)
-  endforeach()
-  target_compile_definitions("${CLDNN_BUILD__PROJ}" PUBLIC ENABLE_ONEDNN_FOR_GPU)
+  target_link_libraries("${CLDNN_BUILD__PROJ}" PUBLIC onednn_gpu)
 endif()
 
 if(COMMAND add_cpplint_target)
diff --git a/inference-engine/thirdparty/clDNN/tests/CMakeLists.txt b/inference-engine/thirdparty/clDNN/tests/CMakeLists.txt
index 02189c28ffc..ca83c08ffa9 100644
--- a/inference-engine/thirdparty/clDNN/tests/CMakeLists.txt
+++ b/inference-engine/thirdparty/clDNN/tests/CMakeLists.txt
@@ -99,6 +99,11 @@ if(COMMAND set_ie_threading_interface_for)
   set_ie_threading_interface_for("${CLDNN_BUILD__PROJ}")
 endif()
 
+# Workaround to avoid warnings during LTO build
+if(CMAKE_CXX_COMPILER_ID STREQUAL "GNU")
+    set_target_properties("${CLDNN_BUILD__PROJ}" PROPERTIES LINK_FLAGS_RELEASE "-Wno-error=maybe-uninitialized -Wno-maybe-uninitialized")
+endif()
+
 set_property(TARGET "${CLDNN_BUILD__PROJ}" PROPERTY PROJECT_LABEL "${CLDNN_BUILD__PROJ_LABEL}")
 
 # Set library dependencies
diff --git a/ngraph/core/CMakeLists.txt b/ngraph/core/CMakeLists.txt
index 2d382929019..0caa99e50c0 100644
--- a/ngraph/core/CMakeLists.txt
+++ b/ngraph/core/CMakeLists.txt
@@ -17,7 +17,6 @@ add_subdirectory(reference)
 add_subdirectory(shape_inference)
 
 # WA for Tensor implementation via ie::Blob::Ptr
-set(IE_SRC_ROOT "${IE_MAIN_SOURCE_DIR}/src/inference_engine/src")
 set(IE_SHARED_SRCS "${CMAKE_CURRENT_SOURCE_DIR}/src/ie_legacy/blob_factory.cpp"
                    "${CMAKE_CURRENT_SOURCE_DIR}/src/ie_legacy/ie_blob_common.cpp"
                    "${CMAKE_CURRENT_SOURCE_DIR}/src/ie_legacy/ie_layouts.cpp"
@@ -28,7 +27,7 @@ set(MIXED_SRC ${IE_SHARED_SRCS}
 
 set_property(SOURCE ${MIXED_SRC}
     APPEND PROPERTY INCLUDE_DIRECTORIES
-        ${IE_SRC_ROOT}
+        $<TARGET_PROPERTY:inference_engine,SOURCE_DIR>/src
         $<TARGET_PROPERTY:inference_engine,INTERFACE_INCLUDE_DIRECTORIES>
         $<TARGET_PROPERTY:inference_engine_plugin_api,INTERFACE_INCLUDE_DIRECTORIES>)
 
diff --git a/openvino/itt/CMakeLists.txt b/openvino/itt/CMakeLists.txt
index 9be020f86cc..fbeab9f3e0d 100644
--- a/openvino/itt/CMakeLists.txt
+++ b/openvino/itt/CMakeLists.txt
@@ -33,6 +33,6 @@ endif()
 target_include_directories(${TARGET_NAME} PUBLIC
     $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/include>)
 
-ov_install_static_lib(${TARGET_NAME} ngraph)
+ov_install_static_lib(${TARGET_NAME} openvino_common)
 
 add_cpplint_target(${TARGET_NAME}_cpplint FOR_TARGETS ${TARGET_NAME})
diff --git a/thirdparty/CMakeLists.txt b/thirdparty/CMakeLists.txt
index 79e85f2f444..fb7d82db8de 100644
--- a/thirdparty/CMakeLists.txt
+++ b/thirdparty/CMakeLists.txt
@@ -10,12 +10,12 @@ if(ENABLE_LTO)
     set(CMAKE_INTERPROCEDURAL_OPTIMIZATION_RELEASE ON)
 endif()
 
-add_subdirectory(ittapi EXCLUDE_FROM_ALL)
+add_subdirectory(ittapi)
 add_subdirectory(itt_collector EXCLUDE_FROM_ALL)
 add_subdirectory(zlib EXCLUDE_FROM_ALL)
 add_subdirectory(cnpy EXCLUDE_FROM_ALL)
 if(ENABLE_CLDNN)
-    add_subdirectory(ocl EXCLUDE_FROM_ALL)
+    add_subdirectory(ocl)
 endif()
 
 add_subdirectory(xbyak EXCLUDE_FROM_ALL)
@@ -129,12 +129,6 @@ endif()
 #
 # oneDNN for GPU plugin
 #
-if (ANDROID OR (CMAKE_COMPILER_IS_GNUCXX AND CMAKE_CXX_COMPILER_VERSION VERSION_LESS 7.0))
-    # oneDNN doesn't support old compilers and android builds for now, so we'll build GPU plugin without oneDNN
-    set(ENABLE_ONEDNN_FOR_GPU OFF CACHE BOOL "")
-else()
-    set(ENABLE_ONEDNN_FOR_GPU ON CACHE BOOL "")
-endif()
 
 if(ENABLE_ONEDNN_FOR_GPU)
     function(build_onednn_gpu)
@@ -144,6 +138,10 @@ if(ENABLE_ONEDNN_FOR_GPU)
         set(ONEDNN_LIBRARY "${ONEDNN_BUILD_DIR}/src/${CMAKE_STATIC_LIBRARY_PREFIX}onednn_gpu${CMAKE_STATIC_LIBRARY_SUFFIX}")
         set(ONEDNN_OUTPUT_LIBRARY "${ONEDNN_INSTALL_DIR}/${CMAKE_STATIC_LIBRARY_PREFIX}onednn_gpu${CMAKE_STATIC_LIBRARY_SUFFIX}")
 
+        if(CMAKE_COMPILER_IS_GNUCXX)
+            ie_add_compiler_flags(-Wno-undef)
+        endif()
+
         # Get processors count to limit number of threads spawned by make
         include(ProcessorCount)
         ProcessorCount(CORES_COUNT)
@@ -158,9 +156,14 @@ if(ENABLE_ONEDNN_FOR_GPU)
             EXCLUDE_FROM_ALL ON
             CMAKE_ARGS "-DCMAKE_CXX_COMPILER=${CMAKE_CXX_COMPILER}"
                        "-DCMAKE_C_COMPILER=${CMAKE_C_COMPILER}"
+                       "-DCMAKE_CXX_COMPILER_LAUNCHER=${CMAKE_CXX_COMPILER_LAUNCHER}"
+                       "-DCMAKE_C_COMPILER_LAUNCHER=${CMAKE_C_COMPILER_LAUNCHER}"
+                       "-DCMAKE_CXX_FLAGS=${CMAKE_CXX_FLAGS}"
+                       "-DCMAKE_C_FLAGS=${CMAKE_C_FLAGS}"
+                       "-DCMAKE_INTERPROCEDURAL_OPTIMIZATION_RELEASE=${ENABLE_LTO}"
+                       "-DCMAKE_POLICY_DEFAULT_CMP0069=NEW"
                        "-DDNNL_CPU_RUNTIME=NONE"
                        "-DDNNL_GPU_RUNTIME=OCL"
-                       "-DDNNL_GPU_RUNTIME=OCL"
                        "-DDNNL_LIBRARY_NAME=onednn_gpu"
                        "-DCMAKE_BUILD_TYPE=${CMAKE_BUILD_TYPE}"
                        "-DCMAKE_RUNTIME_OUTPUT_DIRECTORY=${CMAKE_RUNTIME_OUTPUT_DIRECTORY}"
@@ -179,6 +182,23 @@ if(ENABLE_ONEDNN_FOR_GPU)
             COMMAND ${CMAKE_COMMAND} -E echo "OneDNN $<CONFIG> build for GPU complete"
             BUILD_BYPRODUCTS ${ONEDNN_OUTPUT_LIBRARY}
         )
+
+        ExternalProject_Get_property(onednn_gpu_build SOURCE_DIR)
+        ExternalProject_Get_property(onednn_gpu_build BINARY_DIR)
+
+        # WA: create temp 'include' directory
+        file(MAKE_DIRECTORY "${BINARY_DIR}/include")
+
+        add_library(onednn_gpu STATIC IMPORTED GLOBAL)
+        set_target_properties(onednn_gpu PROPERTIES
+            IMPORTED_LOCATION ${ONEDNN_OUTPUT_LIBRARY}
+            INTERFACE_INCLUDE_DIRECTORIES "$<BUILD_INTERFACE:${BINARY_DIR}/include>;$<BUILD_INTERFACE:${SOURCE_DIR}/include>"
+            INTERFACE_COMPILE_DEFINITIONS ENABLE_ONEDNN_FOR_GPU)
+        add_dependencies(onednn_gpu onednn_gpu_build)
+
+        # TODO: does not work for imported targets; need to import this target in
+        # OpenVINOConfig.cmake explicitly
+        # ov_install_static_lib(onednn_gpu gpu)
     endfunction()
 
     build_onednn_gpu()
diff --git a/thirdparty/ittapi/CMakeLists.txt b/thirdparty/ittapi/CMakeLists.txt
index e595c9dddd4..87cf02a851b 100644
--- a/thirdparty/ittapi/CMakeLists.txt
+++ b/thirdparty/ittapi/CMakeLists.txt
@@ -11,10 +11,10 @@ if(ENABLE_PROFILING_ITT)
             message(WARNING "Profiling option enabled, but no ITT library was found under INTEL_VTUNE_DIR")
         endif()
     else()
-        add_subdirectory(${CMAKE_CURRENT_SOURCE_DIR}/ittapi ${CMAKE_BINARY_DIR}/_deps/ittapi)
+        add_subdirectory(${CMAKE_CURRENT_SOURCE_DIR}/ittapi ${CMAKE_BINARY_DIR}/_deps/ittapi EXCLUDE_FROM_ALL)
 
         target_compile_definitions(ittnotify INTERFACE ENABLE_PROFILING_ITT)
-        if (UNIX)
+        if(CMAKE_COMPILER_IS_GNUCXX)
             target_compile_options(ittnotify PRIVATE -Wno-undef)
         endif()
 
diff --git a/thirdparty/ocl/CMakeLists.txt b/thirdparty/ocl/CMakeLists.txt
index 3a2faa64624..4f085f6ad96 100644
--- a/thirdparty/ocl/CMakeLists.txt
+++ b/thirdparty/ocl/CMakeLists.txt
@@ -46,7 +46,7 @@ set(CMAKE_CXX_FLAGS_RELEASE "")
 # OpenCL has absolute paths to include directories
 set(CMAKE_WARN_ON_ABSOLUTE_INSTALL_DESTINATION OFF)
 
-add_subdirectory(icd_loader)
+add_subdirectory(icd_loader EXCLUDE_FROM_ALL)
 
 # override INTERFACE_INCLUDE_DIRECTORIES
 set_property(TARGET OpenCL PROPERTY INTERFACE_INCLUDE_DIRECTORIES