diff --git a/Source/Core/Core/HotkeyManager.cpp b/Source/Core/Core/HotkeyManager.cpp
index d51c84c6e3..7eb3fe08a3 100644
--- a/Source/Core/Core/HotkeyManager.cpp
+++ b/Source/Core/Core/HotkeyManager.cpp
@@ -22,7 +22,7 @@
 #include "InputCommon/GCPadStatus.h"
 
 // clang-format off
-constexpr std::array<const char*, 133> s_hotkey_labels{{
+constexpr std::array<const char*, 134> s_hotkey_labels{{
     _trans("Open"),
     _trans("Change Disc"),
     _trans("Eject Disc"),
@@ -124,6 +124,7 @@ constexpr std::array<const char*, 133> s_hotkey_labels{{
     _trans("Freelook Zoom In"),
     _trans("Freelook Zoom Out"),
     _trans("Freelook Reset"),
+    _trans("Freelook Toggle"),
 
     _trans("Toggle 3D Side-by-Side"),
     _trans("Toggle 3D Top-Bottom"),
@@ -290,7 +291,7 @@ constexpr std::array<HotkeyGroupInfo, NUM_HOTKEY_GROUPS> s_groups_info = {
      {_trans("Controller Profile"), HK_NEXT_WIIMOTE_PROFILE_1, HK_PREV_GAME_WIIMOTE_PROFILE_4},
      {_trans("Graphics Toggles"), HK_TOGGLE_CROP, HK_TOGGLE_TEXTURES},
      {_trans("Internal Resolution"), HK_INCREASE_IR, HK_DECREASE_IR},
-     {_trans("Freelook"), HK_FREELOOK_DECREASE_SPEED, HK_FREELOOK_RESET},
+     {_trans("Freelook"), HK_FREELOOK_DECREASE_SPEED, HK_FREELOOK_TOGGLE},
      // i18n: Stereoscopic 3D
      {_trans("3D"), HK_TOGGLE_STEREO_SBS, HK_TOGGLE_STEREO_ANAGLYPH},
      // i18n: Stereoscopic 3D
diff --git a/Source/Core/Core/HotkeyManager.h b/Source/Core/Core/HotkeyManager.h
index 3115d33e2b..c52bb778db 100644
--- a/Source/Core/Core/HotkeyManager.h
+++ b/Source/Core/Core/HotkeyManager.h
@@ -110,6 +110,7 @@ enum Hotkey
   HK_FREELOOK_ZOOM_IN,
   HK_FREELOOK_ZOOM_OUT,
   HK_FREELOOK_RESET,
+  HK_FREELOOK_TOGGLE,
 
   HK_TOGGLE_STEREO_SBS,
   HK_TOGGLE_STEREO_TAB,
diff --git a/Source/Core/DolphinQt/HotkeyScheduler.cpp b/Source/Core/DolphinQt/HotkeyScheduler.cpp
index 31dd1f11fc..c36c0bc698 100644
--- a/Source/Core/DolphinQt/HotkeyScheduler.cpp
+++ b/Source/Core/DolphinQt/HotkeyScheduler.cpp
@@ -528,6 +528,13 @@ void HotkeyScheduler::Run()
     // Freelook
     static float fl_speed = 1.0;
 
+    if (IsHotkey(HK_FREELOOK_TOGGLE))
+    {
+      const bool new_value = !Config::Get(Config::GFX_FREE_LOOK);
+      Config::SetCurrent(Config::GFX_FREE_LOOK, new_value);
+      OSD::AddMessage(StringFromFormat("Freelook: %s", new_value ? "Enabled" : "Disabled"));
+    }
+
     if (IsHotkey(HK_FREELOOK_DECREASE_SPEED, true))
       fl_speed /= 1.1f;