The aim of this work was the synthesis of new graft copolymers consisting of polypropylene (PP) backbones and liquid crystalline polymer (LCP) branches, to be used as compatibilizing agents for PP/LCP blends. The PP-g-LCP copolymers have been prepared by polycondensation of the monomers of a semiflexible liquid crystalline polyester (SBH 1 : 1 : 2), that is, sebacic acid (S), 4,4＇-dihydroxybiphenyl (B), and 4-hydroxybenzoic acid (H) in the mole ratio of 1 : 1 : 2, carried out in the presence of appropriate amounts of a commercial acrylic-acid-functionalized polypropylene (PPAA). The polycondensation products, referred to as COPP50 and COPP70, having a calculated PPAA concentration of 50 and 70 wt %, respectively, have been fractionated with boiling toluene and xylene, and the soluble and insoluble fractions have been characterized by Fourier transform infrared and nuclear magnetic resonance spectroscopy, scanning electron microscopy (SEM), differential scanning calorimetry, and X-ray diffraction. All analytical characterizations have concordantly shown that the products are formed by intricate mixtures of unreacted PPAA and SBH together with PP-g-SBH copolymers of different composition. Exploratory experiments carried out by adding small amounts of COPP50 or COPP70 into binary mixtures of isotactic polypropylene (iPP) and SBH while blending have demonstrated that this practice leads to an appreciable improvement of the dispersion of the minor LCP phase, as well as to an increase of the crystallization rate of iPP.