diff --git a/CHANGES b/CHANGES
index 931c0e0dcd..632446431a 100644
--- a/CHANGES
+++ b/CHANGES
@@ -15,6 +15,7 @@ Features added
 
 * #9494, #9456: html search: Add a config variable
   :confval:`html_show_search_summary` to enable/disable the search summaries
+* #10125: extlinks: Improve suggestion message for a reference having title
 
 Bugs fixed
 ----------
diff --git a/sphinx/ext/extlinks.py b/sphinx/ext/extlinks.py
index a14c396b60..8caba88429 100644
--- a/sphinx/ext/extlinks.py
+++ b/sphinx/ext/extlinks.py
@@ -38,7 +38,7 @@
 from sphinx.deprecation import RemovedInSphinx60Warning
 from sphinx.locale import __
 from sphinx.transforms.post_transforms import SphinxPostTransform
-from sphinx.util import logging
+from sphinx.util import logging, rst
 from sphinx.util.nodes import split_explicit_title
 from sphinx.util.typing import RoleFunction
 
@@ -67,6 +67,7 @@ def check_uri(self, refnode: nodes.reference) -> None:
             return
 
         uri = refnode['refuri']
+        title = refnode.astext()
 
         for alias, (base_uri, _caption) in self.app.config.extlinks.items():
             uri_pattern = re.compile(base_uri.replace('%s', '(?P<value>.+)'))
@@ -75,7 +76,11 @@ def check_uri(self, refnode: nodes.reference) -> None:
                 # build a replacement suggestion
                 msg = __('hardcoded link %r could be replaced by an extlink '
                          '(try using %r instead)')
-                replacement = f":{alias}:`{match.groupdict().get('value')}`"
+                value = match.groupdict().get('value')
+                if uri != title:
+                    replacement = f":{alias}:`{rst.escape(title)} <{value}>`"
+                else:
+                    replacement = f":{alias}:`{value}`"
                 logger.warning(msg, uri, replacement, location=refnode)
 
 
diff --git a/tests/test_ext_extlinks.py b/tests/test_ext_extlinks.py
index 2be9789f06..9b0e96cb0b 100644
--- a/tests/test_ext_extlinks.py
+++ b/tests/test_ext_extlinks.py
@@ -5,14 +5,15 @@
 def test_replaceable_uris_emit_extlinks_warnings(app, warning):
     app.build()
     warning_output = warning.getvalue()
+
     # there should be exactly three warnings for replaceable URLs
     message = (
-        "WARNING: hardcoded link 'https://github.com/sphinx-doc/sphinx/issues/1' "
-        "could be replaced by an extlink (try using ':issue:`1`' instead)"
+        "index.rst:%d: WARNING: hardcoded link 'https://github.com/sphinx-doc/sphinx/issues/1' "
+        "could be replaced by an extlink (try using '%s' instead)"
     )
-    assert f"index.rst:11: {message}" in warning_output
-    assert f"index.rst:13: {message}" in warning_output
-    assert f"index.rst:15: {message}" in warning_output
+    assert message % (11, ":issue:`1`") in warning_output
+    assert message % (13, ":issue:`inline replaceable link <1>`") in warning_output
+    assert message % (15, ":issue:`replaceable link <1>`") in warning_output
 
 
 @pytest.mark.sphinx('html', testroot='ext-extlinks-hardcoded-urls-multiple-replacements')
@@ -21,16 +22,16 @@ def test_all_replacements_suggested_if_multiple_replacements_possible(app, warni
     warning_output = warning.getvalue()
     # there should be six warnings for replaceable URLs, three pairs per link
     message = (
-        "WARNING: hardcoded link 'https://github.com/octocat' "
-        "could be replaced by an extlink (try using ':user:`octocat`' instead)"
+        "index.rst:%d: WARNING: hardcoded link 'https://github.com/octocat' "
+        "could be replaced by an extlink (try using '%s' instead)"
     )
-    assert f"index.rst:14: {message}" in warning_output
-    assert f"index.rst:16: {message}" in warning_output
-    assert f"index.rst:18: {message}" in warning_output
+    assert message % (14, ":user:`octocat`") in warning_output
+    assert message % (16, ":user:`inline replaceable link <octocat>`") in warning_output
+    assert message % (18, ":user:`replaceable link <octocat>`") in warning_output
     message = (
-        "WARNING: hardcoded link 'https://github.com/octocat' "
-        "could be replaced by an extlink (try using ':repo:`octocat`' instead)"
+        "index.rst:%d: WARNING: hardcoded link 'https://github.com/octocat' "
+        "could be replaced by an extlink (try using '%s' instead)"
     )
-    assert f"index.rst:14: {message}" in warning_output
-    assert f"index.rst:16: {message}" in warning_output
-    assert f"index.rst:18: {message}" in warning_output
+    assert message % (14, ":repo:`octocat`") in warning_output
+    assert message % (16, ":repo:`inline replaceable link <octocat>`") in warning_output
+    assert message % (18, ":repo:`replaceable link <octocat>`") in warning_output