diff --git a/code/ui/blocks/src/components/ArgsTable/Empty.tsx b/code/ui/blocks/src/components/ArgsTable/Empty.tsx
index 7962d475acf8..ea8e3c2f17fc 100644
--- a/code/ui/blocks/src/components/ArgsTable/Empty.tsx
+++ b/code/ui/blocks/src/components/ArgsTable/Empty.tsx
@@ -1,7 +1,7 @@
 import type { FC } from 'react';
 import React, { useEffect, useState } from 'react';
 import { styled } from '@storybook/theming';
-import { Icon, Link } from '@storybook/components/experimental';
+import { Link } from '@storybook/components/experimental';
 
 interface EmptyProps {
   inAddonPanel?: boolean;
@@ -53,16 +53,6 @@ const Divider = styled.div(({ theme }) => ({
   backgroundColor: theme.appBorderColor,
 }));
 
-const VideoIcon = styled.div(({ theme }) => ({
-  width: 22,
-  height: 16,
-  borderRadius: theme.appBorderRadius,
-  border: `1px solid ${theme.color.secondary}`,
-  display: 'flex',
-  alignItems: 'center',
-  justifyContent: 'center',
-}));
-
 export const Empty: FC<EmptyProps> = ({ inAddonPanel }) => {
   const [isLoading, setIsLoading] = useState(true);
 
@@ -95,16 +85,7 @@ export const Empty: FC<EmptyProps> = ({ inAddonPanel }) => {
       <Links>
         {inAddonPanel && (
           <>
-            <Link
-              href="https://youtu.be/0gOfS6K0x0E"
-              target="_blank"
-              icon={
-                <VideoIcon>
-                  <Icon.Play size={8} />
-                </VideoIcon>
-              }
-              withArrow
-            >
+            <Link href="https://youtu.be/0gOfS6K0x0E" target="_blank" icon="Video" withArrow>
               Watch 5m video
             </Link>
             <Divider />
diff --git a/code/ui/components/src/experimental.ts b/code/ui/components/src/experimental.ts
index 47764d881891..7280862f230f 100644
--- a/code/ui/components/src/experimental.ts
+++ b/code/ui/components/src/experimental.ts
@@ -12,3 +12,4 @@ export { Input } from './new/Input/Input';
 export { Select } from './new/Select/Select';
 export { Link } from './new/Link/Link';
 export { Icon } from './new/Icon/Icon';
+export { IconButton } from './new/IconButton/IconButton';
diff --git a/code/ui/components/src/new/IconButton/IconButton.tsx b/code/ui/components/src/new/IconButton/IconButton.tsx
index 9a0e1ad98ea9..ae20fa9e38ad 100644
--- a/code/ui/components/src/new/IconButton/IconButton.tsx
+++ b/code/ui/components/src/new/IconButton/IconButton.tsx
@@ -35,7 +35,7 @@ export const IconButton: {
 IconButton.displayName = 'IconButton';
 
 const StyledButton = styled.button<Omit<ButtonProps, 'icon'>>(
-  ({ theme, variant = 'primary', size = 'medium', disabled = false, active = false }) => ({
+  ({ theme, variant = 'solid', size = 'medium', disabled = false, active = false }) => ({
     border: 0,
     cursor: disabled ? 'not-allowed' : 'pointer',
     display: 'inline-flex',
@@ -64,41 +64,41 @@ const StyledButton = styled.button<Omit<ButtonProps, 'icon'>>(
     fontWeight: theme.typography.weight.bold,
     lineHeight: '1',
     background: `${(() => {
-      if (variant === 'primary') return theme.color.secondary;
-      if (variant === 'secondary') return theme.button.background;
-      if (variant === 'tertiary' && active) return theme.background.hoverable;
+      if (variant === 'solid') return theme.color.secondary;
+      if (variant === 'outline') return theme.button.background;
+      if (variant === 'ghost' && active) return theme.background.hoverable;
       return 'transparent';
     })()}`,
     color: `${(() => {
-      if (variant === 'primary') return theme.color.lightest;
-      if (variant === 'secondary') return theme.input.color;
-      if (variant === 'tertiary' && active) return theme.color.secondary;
-      if (variant === 'tertiary') return theme.color.mediumdark;
+      if (variant === 'solid') return theme.color.lightest;
+      if (variant === 'outline') return theme.input.color;
+      if (variant === 'ghost' && active) return theme.color.secondary;
+      if (variant === 'ghost') return theme.color.mediumdark;
       return theme.input.color;
     })()}`,
-    boxShadow: variant === 'secondary' ? `${theme.button.border} 0 0 0 1px inset` : 'none',
+    boxShadow: variant === 'outline' ? `${theme.button.border} 0 0 0 1px inset` : 'none',
     borderRadius: theme.input.borderRadius,
 
     '&:hover': {
-      color: variant === 'tertiary' ? theme.color.secondary : null,
+      color: variant === 'ghost' ? theme.color.secondary : null,
       background: `${(() => {
         let bgColor = theme.color.secondary;
-        if (variant === 'primary') bgColor = theme.color.secondary;
-        if (variant === 'secondary') bgColor = theme.button.background;
+        if (variant === 'solid') bgColor = theme.color.secondary;
+        if (variant === 'outline') bgColor = theme.button.background;
 
-        if (variant === 'tertiary') return transparentize(0.86, theme.color.secondary);
+        if (variant === 'ghost') return transparentize(0.86, theme.color.secondary);
         return theme.base === 'light' ? darken(0.02, bgColor) : lighten(0.03, bgColor);
       })()}`,
     },
 
     '&:active': {
-      color: variant === 'tertiary' ? theme.color.secondary : null,
+      color: variant === 'ghost' ? theme.color.secondary : null,
       background: `${(() => {
         let bgColor = theme.color.secondary;
-        if (variant === 'primary') bgColor = theme.color.secondary;
-        if (variant === 'secondary') bgColor = theme.button.background;
+        if (variant === 'solid') bgColor = theme.color.secondary;
+        if (variant === 'outline') bgColor = theme.button.background;
 
-        if (variant === 'tertiary') return theme.background.hoverable;
+        if (variant === 'ghost') return theme.background.hoverable;
         return theme.base === 'light' ? darken(0.02, bgColor) : lighten(0.03, bgColor);
       })()}`,
     },
diff --git a/code/ui/components/src/new/Link/Link.stories.tsx b/code/ui/components/src/new/Link/Link.stories.tsx
index 356329f8e53c..0fee3e095b8a 100644
--- a/code/ui/components/src/new/Link/Link.stories.tsx
+++ b/code/ui/components/src/new/Link/Link.stories.tsx
@@ -1,7 +1,5 @@
 import type { Meta, StoryObj } from '@storybook/react';
 import React from 'react';
-
-import { Icon } from '@storybook/components/experimental';
 import { Link } from './Link';
 
 const meta: Meta<typeof Link> = {
@@ -26,24 +24,56 @@ export const Variants: Story = {
       <Link href="https://storybook.js.org/" variant="secondary">
         Secondary
       </Link>
-      <Link href="https://storybook.js.org/" variant="tertiary">
-        Tertiary
+    </div>
+  ),
+};
+
+export const Underline: Story = {
+  render: () => (
+    <div style={{ display: 'flex', alignItems: 'center', gap: '1rem' }}>
+      <Link href="https://storybook.js.org/" variant="primary" underline="hover">
+        Primary
+      </Link>
+      <Link href="https://storybook.js.org/" variant="primary" underline="always">
+        Secondary
+      </Link>
+      <Link href="https://storybook.js.org/" variant="secondary" underline="hover">
+        Secondary
+      </Link>
+      <Link href="https://storybook.js.org/" variant="secondary" underline="always">
+        Secondary
       </Link>
     </div>
   ),
 };
 
-export const WithIcon: Story = {
+export const Weight: Story = {
   render: () => (
     <div style={{ display: 'flex', alignItems: 'center', gap: '1rem' }}>
-      <Link href="https://storybook.js.org/" variant="primary" icon={<Icon.FaceHappy />}>
+      <Link href="https://storybook.js.org/" variant="primary" weight="regular">
         Primary
       </Link>
-      <Link href="https://storybook.js.org/" variant="secondary" icon={<Icon.FaceHappy />}>
+      <Link href="https://storybook.js.org/" variant="primary" weight="bold">
         Secondary
       </Link>
-      <Link href="https://storybook.js.org/" variant="tertiary" icon={<Icon.FaceHappy />}>
-        Tertiary
+      <Link href="https://storybook.js.org/" variant="secondary" weight="regular">
+        Secondary
+      </Link>
+      <Link href="https://storybook.js.org/" variant="secondary" weight="bold">
+        Secondary
+      </Link>
+    </div>
+  ),
+};
+
+export const WithIcon: Story = {
+  render: () => (
+    <div style={{ display: 'flex', alignItems: 'center', gap: '1rem' }}>
+      <Link href="https://storybook.js.org/" variant="primary" icon="FaceHappy">
+        Primary
+      </Link>
+      <Link href="https://storybook.js.org/" variant="secondary" icon="FaceHappy">
+        Secondary
       </Link>
     </div>
   ),
@@ -59,35 +89,14 @@ export const WithArrow: Story = {
         <Link href="https://storybook.js.org/" variant="secondary" withArrow>
           Secondary
         </Link>
-        <Link href="https://storybook.js.org/" variant="tertiary" withArrow>
-          Tertiary
-        </Link>
       </div>
       <div style={{ display: 'flex', alignItems: 'center', gap: '1rem' }}>
-        <Link
-          href="https://storybook.js.org/"
-          variant="primary"
-          icon={<Icon.FaceHappy />}
-          withArrow
-        >
+        <Link href="https://storybook.js.org/" variant="primary" icon="FaceHappy" withArrow>
           Primary
         </Link>
-        <Link
-          href="https://storybook.js.org/"
-          variant="secondary"
-          icon={<Icon.FaceHappy />}
-          withArrow
-        >
+        <Link href="https://storybook.js.org/" variant="secondary" icon="FaceHappy" withArrow>
           Secondary
         </Link>
-        <Link
-          href="https://storybook.js.org/"
-          variant="tertiary"
-          icon={<Icon.FaceHappy />}
-          withArrow
-        >
-          Tertiary
-        </Link>
       </div>
     </div>
   ),
diff --git a/code/ui/components/src/new/Link/Link.tsx b/code/ui/components/src/new/Link/Link.tsx
index a1da0f81733d..3422ac6a7f31 100644
--- a/code/ui/components/src/new/Link/Link.tsx
+++ b/code/ui/components/src/new/Link/Link.tsx
@@ -1,15 +1,17 @@
-import type { MouseEvent, ReactNode } from 'react';
+import type { MouseEvent } from 'react';
 import React, { forwardRef } from 'react';
 import { styled } from '@storybook/theming';
-import { darken } from 'polished';
+import type { Icons } from '@storybook/icons';
 import { Icon } from '../Icon/Icon';
 import type { PropsOf } from '../utils/types';
 
 export interface LinkProps<T extends React.ElementType = React.ElementType> {
   as?: T;
   children: string;
-  variant?: 'primary' | 'secondary' | 'tertiary';
-  icon?: ReactNode;
+  variant?: 'primary' | 'secondary';
+  weight?: 'regular' | 'bold';
+  underline?: 'hover' | 'always';
+  icon?: Icons;
   onClick?: (e: MouseEvent) => void;
   withArrow?: boolean;
 }
@@ -20,11 +22,12 @@ export const Link: {
   ): JSX.Element;
   displayName?: string;
 } = forwardRef(
-  ({ as, children, icon, withArrow, ...props }: LinkProps, ref: React.Ref<HTMLAnchorElement>) => {
+  ({ children, icon, withArrow, ...props }: LinkProps, ref: React.Ref<HTMLAnchorElement>) => {
+    const LocalIcon = Icon[icon];
     return (
-      <StyledLink as={as} ref={ref} {...props}>
+      <StyledLink ref={ref} {...props}>
         <StyledLeft>
-          {icon}
+          {icon && <LocalIcon />}
           {children}
         </StyledLeft>
         {withArrow && <Icon.ChevronRight size={8} />}
@@ -35,39 +38,35 @@ export const Link: {
 
 Link.displayName = 'Link';
 
-const StyledLink = styled.a<Omit<LinkProps, 'children'>>(({ theme, variant = 'primary' }) => ({
-  display: 'inline-flex',
-  gap: 4,
-  alignItems: 'center',
-  transition: 'all 150ms ease-out',
-  textDecoration: 'none',
-  lineHeight: 1,
-  color: `${(() => {
-    if (variant === 'primary') return theme.color.secondary;
-    if (variant === 'secondary') return theme.textMutedColor;
-    if (variant === 'tertiary') return theme.color.dark;
-    return theme.color.secondary;
-  })()}`,
-
-  '&:hover, &:focus': {
-    cursor: 'pointer',
+const StyledLink = styled.a<Omit<LinkProps, 'children'>>(
+  ({ theme, variant = 'primary', underline = 'hover', weight = 'regular' }) => ({
+    display: 'inline-flex',
+    gap: 4,
+    alignItems: 'center',
+    transition: 'all 150ms ease-out',
+    textDecoration: 'none',
+    lineHeight: 1,
     color: `${(() => {
-      if (variant === 'primary') return darken(0.07, theme.color.secondary);
-      if (variant === 'secondary') return theme.color.dark;
-      if (variant === 'tertiary') return theme.color.darkest;
-      return darken(0.07, theme.color.secondary);
+      if (variant === 'primary') return theme.color.secondary;
+      if (variant === 'secondary') return theme.color.defaultText;
+      return theme.color.secondary;
     })()}`,
-  },
-
-  '&:active': {
-    color: `${(() => {
-      if (variant === 'primary') return darken(0.1, theme.color.secondary);
-      if (variant === 'secondary') return theme.color.darker;
-      if (variant === 'tertiary') return theme.textMutedColor;
-      return darken(0.1, theme.color.secondary);
+    fontWeight: `${(() => {
+      if (weight === 'regular') return theme.typography.weight.regular;
+      if (weight === 'bold') return theme.typography.weight.bold;
+      return theme.typography.weight.bold;
     })()}`,
-  },
-}));
+    textDecorationLine: `${underline === 'always' ? 'underline' : 'none'}`,
+    textDecorationStyle: 'solid',
+    textDecorationThickness: '1px',
+    textUnderlineOffset: '2px',
+
+    '&:hover, &:focus': {
+      cursor: 'pointer',
+      textDecorationLine: 'underline',
+    },
+  })
+);
 
 const StyledLeft = styled.span(({ theme }) => ({
   display: 'inline-flex',
diff --git a/code/ui/manager/src/globals/exports.ts b/code/ui/manager/src/globals/exports.ts
index ffd247fdd30d..6ad6218c0fff 100644
--- a/code/ui/manager/src/globals/exports.ts
+++ b/code/ui/manager/src/globals/exports.ts
@@ -114,7 +114,7 @@ export default {
     'resetComponents',
     'withReset',
   ],
-  '@storybook/components/experimental': ['Button', 'Icon', 'Input', 'Link', 'Select'],
+  '@storybook/components/experimental': ['Button', 'Icon', 'IconButton', 'Input', 'Link', 'Select'],
   '@storybook/channels': [
     'Channel',
     'PostMessageTransport',