diff --git a/packages/block-editor/src/components/link-control/README.md b/packages/block-editor/src/components/link-control/README.md
index d143b7b5fcb3ed..45da4a723c07c2 100644
--- a/packages/block-editor/src/components/link-control/README.md
+++ b/packages/block-editor/src/components/link-control/README.md
@@ -127,6 +127,14 @@ This `suggestion` will then be _automatically_ passed to the `onChange` handler
 
 As a result of the above, this prop is often used to allow on the fly creation of new entities (eg: `Posts`, `Pages`) based on the text the user has entered into the link search UI. As an example, the Navigation Block uses `createSuggestion` to create Pages on the fly from within the Block itself.
 
+### onRemove
+
+-   Type: `Function`
+-   Required: No
+-   Default: null
+
+An optional handler, which when passed will trigger the display of an `Unlink` UI within the control. This handler is expected to remove the current `value` of the control thus resetting it back to a default state. The key use case for this is allowing users to remove a link from the control without relying on there being an "unlink" control in the block toolbar.
+
 #### Search `suggestion` values
 
 A `suggestion` should have the following shape:
diff --git a/packages/block-editor/src/components/link-control/index.js b/packages/block-editor/src/components/link-control/index.js
index b9a63ceb71da3c..db6b005ac79fab 100644
--- a/packages/block-editor/src/components/link-control/index.js
+++ b/packages/block-editor/src/components/link-control/index.js
@@ -106,6 +106,7 @@ function LinkControl( {
 	value,
 	settings,
 	onChange = noop,
+	onRemove,
 	noDirectEntry = false,
 	showSuggestions = true,
 	showInitialSuggestions,
@@ -260,11 +261,23 @@ function LinkControl( {
 				/>
 			) }
 
-			<LinkControlSettingsDrawer
-				value={ value }
-				settings={ settings }
-				onChange={ onChange }
-			/>
+			<div className="block-editor-link-control__tools">
+				<LinkControlSettingsDrawer
+					value={ value }
+					settings={ settings }
+					onChange={ onChange }
+				/>
+				{ onRemove && value && ! isEditingLink && ! isCreatingPage && (
+					<Button
+						className="block-editor-link-control__unlink"
+						isDestructive
+						variant="link"
+						onClick={ onRemove }
+					>
+						{ __( 'Unlink' ) }
+					</Button>
+				) }
+			</div>
 		</div>
 	);
 }
diff --git a/packages/block-editor/src/components/link-control/style.scss b/packages/block-editor/src/components/link-control/style.scss
index b1b6958dbe5f8c..3d5d5941bb7749 100644
--- a/packages/block-editor/src/components/link-control/style.scss
+++ b/packages/block-editor/src/components/link-control/style.scss
@@ -380,10 +380,23 @@ $preview-image-height: 140px;
 	padding: 10px;
 }
 
-.block-editor-link-control__settings {
+.block-editor-link-control__tools {
+	display: flex;
+	align-items: center;
 	border-top: $border-width solid $gray-300;
 	margin: 0;
 	padding: $grid-unit-20 $grid-unit-30;
+}
+
+.block-editor-link-control__unlink {
+	padding-left: $grid-unit-20;
+	padding-right: $grid-unit-20;
+}
+
+.block-editor-link-control__settings {
+	flex: 1;
+	margin: 0;
+
 
 	:last-child {
 		margin-bottom: 0;
diff --git a/packages/block-editor/src/components/link-control/test/index.js b/packages/block-editor/src/components/link-control/test/index.js
index 27e1665d869ff2..250e4656d3708d 100644
--- a/packages/block-editor/src/components/link-control/test/index.js
+++ b/packages/block-editor/src/components/link-control/test/index.js
@@ -227,6 +227,49 @@ describe( 'Basic rendering', () => {
 			expect( isEditing() ).toBe( false );
 		} );
 	} );
+
+	describe( 'Unlinking', () => {
+		it( 'should not show "Unlink" button if no onRemove handler is provided', () => {
+			act( () => {
+				render(
+					<LinkControl value={ { url: 'https://example.com' } } />,
+					container
+				);
+			} );
+
+			const unLinkButton = queryByRole( container, 'button', {
+				name: 'Unlink',
+			} );
+
+			expect( unLinkButton ).toBeNull();
+			expect( unLinkButton ).not.toBeInTheDocument();
+		} );
+
+		it( 'should show "Unlink" button if a onRemove handler is provided', () => {
+			const mockOnRemove = jest.fn();
+			act( () => {
+				render(
+					<LinkControl
+						value={ { url: 'https://example.com' } }
+						onRemove={ mockOnRemove }
+					/>,
+					container
+				);
+			} );
+
+			const unLinkButton = queryByRole( container, 'button', {
+				name: 'Unlink',
+			} );
+			expect( unLinkButton ).toBeTruthy();
+			expect( unLinkButton ).toBeInTheDocument();
+
+			act( () => {
+				Simulate.click( unLinkButton );
+			} );
+
+			expect( mockOnRemove ).toHaveBeenCalled();
+		} );
+	} );
 } );
 
 describe( 'Searching for a link', () => {
diff --git a/packages/format-library/src/link/inline.js b/packages/format-library/src/link/inline.js
index d015267a8e38f7..8a9e7efae2fa1e 100644
--- a/packages/format-library/src/link/inline.js
+++ b/packages/format-library/src/link/inline.js
@@ -11,6 +11,7 @@ import {
 	isCollapsed,
 	applyFormat,
 	useAnchorRef,
+	removeFormat,
 } from '@wordpress/rich-text';
 import { __experimentalLinkControl as LinkControl } from '@wordpress/block-editor';
 
@@ -48,6 +49,13 @@ function InlineLinkUI( {
 		...nextLinkValue,
 	};
 
+	function removeLink() {
+		const newValue = removeFormat( value, 'core/link' );
+		onChange( newValue );
+		stopAddingLink();
+		speak( __( 'Link removed.' ), 'assertive' );
+	}
+
 	function onChangeLink( nextValue ) {
 		// Merge with values from state, both for the purpose of assigning the
 		// next state value, and for use in constructing the new link format if
@@ -139,6 +147,7 @@ function InlineLinkUI( {
 			<LinkControl
 				value={ linkValue }
 				onChange={ onChangeLink }
+				onRemove={ removeLink }
 				forceIsEditingLink={ addingLink }
 				hasRichPreviews
 			/>