diff --git a/components/polylith/interface/parser.py b/components/polylith/interface/parser.py
index ab9a68e3..f9c1da3c 100644
--- a/components/polylith/interface/parser.py
+++ b/components/polylith/interface/parser.py
@@ -1,10 +1,13 @@
 import ast
 from functools import lru_cache
 from pathlib import Path
-from typing import Set, Union
+from typing import FrozenSet, List, Set, Union
 
 from polylith.imports import SYMBOLS, extract_api, list_imports, parse_module
 
+PACKAGE_INTERFACE = "__init__.py"
+ALL_STATEMENT = "__all__"
+
 
 def target_names(t: ast.AST) -> Set[str]:
     if isinstance(t, ast.Name):
@@ -53,13 +56,25 @@ def extract_public_variables(path: Path) -> Set[str]:
 
 
 def is_the_all_statement(target: ast.expr) -> bool:
-    return isinstance(target, ast.Name) and target.id == "__all__"
+    return isinstance(target, ast.Name) and target.id == ALL_STATEMENT
 
 
 def is_string_constant(expression: ast.AST) -> bool:
     return isinstance(expression, ast.Constant) and isinstance(expression.value, str)
 
 
+def attribute_expr_to_parts(expr: ast.AST) -> List[str]:
+    if isinstance(expr, ast.Name):
+        return [expr.id]
+
+    if isinstance(expr, ast.Attribute):
+        parent = attribute_expr_to_parts(expr.value)
+
+        return [*parent, expr.attr] if parent else []
+
+    return []
+
+
 def find_the_all_variable(statement: ast.stmt) -> Union[Set[str], None]:
     if not isinstance(statement, ast.Assign):
         return None
@@ -76,12 +91,69 @@ def find_the_all_variable(statement: ast.stmt) -> Union[Set[str], None]:
     return {e.value for e in statement.value.elts if isinstance(e, ast.Constant)}
 
 
-def extract_the_all_variable(path: Path) -> Set[str]:
+def find_the_all_pointer(statement: ast.stmt) -> Union[str, None]:
+    if not isinstance(statement, ast.Assign):
+        return None
+
+    if not any(is_the_all_statement(t) for t in statement.targets):
+        return None
+
+    parts = attribute_expr_to_parts(statement.value)
+
+    if not parts:
+        return None
+
+    *module_path, rest = parts
+
+    if rest != ALL_STATEMENT:
+        return None
+
+    return ".".join(module_path)
+
+
+def resolve_local_module_path(package_dir: Path, module_ref: str) -> Union[Path, None]:
+    parts = tuple(p for p in module_ref.split(".") if p)
+
+    if not parts:
+        return None
+
+    module_file = package_dir.joinpath(*parts).with_suffix(".py")
+
+    if module_file.exists():
+        return module_file
+
+    module_init = package_dir.joinpath(*parts, PACKAGE_INTERFACE)
+
+    return module_init if module_init.exists() else None
+
+
+def _extract_the_all_variable(path: Path, visited: FrozenSet[Path]) -> Set[str]:
+    if path in visited:
+        return set()
+
+    visited = visited | frozenset({path})
+
     tree = parse(path)
 
-    res = [find_the_all_variable(s) for s in tree.body]
+    literals = [find_the_all_variable(s) for s in tree.body]
+    literal = next((r for r in literals if r is not None), None)
+
+    if literal is not None:
+        return literal
+
+    pointers = (find_the_all_pointer(s) for s in tree.body)
+    pointer = next((p for p in pointers if p is not None), None)
+
+    if not pointer:
+        return set()
 
-    return next((r for r in res if r is not None), set())
+    resolved = resolve_local_module_path(path.parent, pointer)
+
+    return _extract_the_all_variable(resolved, visited) if resolved else set()
+
+
+def extract_the_all_variable(path: Path) -> Set[str]:
+    return _extract_the_all_variable(path, frozenset())
 
 
 def extract_imported_api(path: Path) -> Set[str]:
@@ -98,7 +170,7 @@ def fetch_api_for_path(path: Path) -> Set[str]:
 
 
 def fetch_api(paths: Set[Path]) -> dict:
-    interface_paths = [Path(p / "__init__.py") for p in paths]
+    interface_paths = [Path(p / PACKAGE_INTERFACE) for p in paths]
 
     interfaces = [p for p in interface_paths if p.exists()]
 
diff --git a/test/components/polylith/interface/test_parse_api.py b/test/components/polylith/interface/test_parse_api.py
index 954e4733..8bdddb8d 100644
--- a/test/components/polylith/interface/test_parse_api.py
+++ b/test/components/polylith/interface/test_parse_api.py
@@ -72,6 +72,29 @@ def test_extract_the_all_variable(monkeypatch) -> None:
     assert res == {"thing", "other", "message"}
 
 
+def test_extract_the_all_variable_from_module_pointer(tmp_path) -> None:
+    # Use real files to exercise module resolution:
+    # comp/__init__.py: __all__ = core.__all__
+    # comp/core.py: __all__ = ["pub_func"]
+    parser.parse.cache_clear()
+
+    package_dir = tmp_path / "comp"
+    package_dir.mkdir(parents=True)
+
+    init = package_dir / "__init__.py"
+    core = package_dir / "core.py"
+
+    init.write_text("from .core import *\n\n__all__ = core.__all__\n")
+    core.write_text(
+        "__all__ = [\"pub_func\"]\n\n\ndef pub_func():\n    pass\n"
+    )
+
+    res = parser.extract_the_all_variable(init)
+
+    assert res == {"pub_func"}
+    assert parser.fetch_api_for_path(init) == {"pub_func"}
+
+
 def test_fetch_api_for_path(monkeypatch) -> None:
     fn = partial(fake_parse, the_interface)