diff --git a/system/Router/Router.php b/system/Router/Router.php
index f0f9555ad1ac..f230c9c9e37b 100644
--- a/system/Router/Router.php
+++ b/system/Router/Router.php
@@ -565,7 +565,7 @@ protected function checkRoutes(string $uri): bool
      */
     private function replaceBackReferences(string $input, array $matches): string
     {
-        $pattern = '/\$([1-' . count($matches) . '])/u';
+        $pattern = '/\$([1-9][0-9]*)/u';
 
         return preg_replace_callback(
             $pattern,
diff --git a/tests/system/Router/RouterTest.php b/tests/system/Router/RouterTest.php
index 6e22c95ed4f9..bb5aaf1fde95 100644
--- a/tests/system/Router/RouterTest.php
+++ b/tests/system/Router/RouterTest.php
@@ -1009,6 +1009,61 @@ public function testRoutePlaceholderAnyWithMultipleSegmentsParamTrue(): void
         $this->assertSame(['123/456'], $router->params());
     }
 
+    /**
+     * @param list<string> $expectedParams
+     */
+    #[DataProvider('provideMultipleSegmentsParamTrueWithManyPlaceholders')]
+    public function testMultipleSegmentsParamTrueWithManyPlaceholders(
+        string $route,
+        string $handler,
+        string $uri,
+        array $expectedParams,
+    ): void {
+        $routingConfig                           = new Routing();
+        $routingConfig->multipleSegmentsOneParam = true;
+        Factories::injectMock('config', Routing::class, $routingConfig);
+
+        $this->createRouteCollection($routingConfig);
+        $this->collection->get($route, $handler);
+        $router = new Router($this->collection, $this->request);
+
+        $router->handle($uri);
+
+        $this->assertSame('\Catalog', $router->controllerName());
+        $this->assertSame('lookup', $router->methodName());
+        $this->assertSame($expectedParams, $router->params());
+    }
+
+    /**
+     * @return iterable<string, array{string, string, string, list<string>}>
+     */
+    public static function provideMultipleSegmentsParamTrueWithManyPlaceholders(): iterable
+    {
+        $nineSegments = implode('/', array_fill(0, 9, '(:segment)'));
+        $tenSegments  = implode('/', array_fill(0, 10, '(:segment)'));
+
+        yield 'nine placeholders (boundary)' => [
+            $nineSegments,
+            'Catalog::lookup/$1/$2/$3/$4/$5/$6/$7/$8/$9',
+            'a/b/c/d/e/f/g/h/i',
+            ['a', 'b', 'c', 'd', 'e', 'f', 'g', 'h', 'i'],
+        ];
+
+        yield 'ten placeholders' => [
+            $tenSegments,
+            'Catalog::lookup/$1/$2/$3/$4/$5/$6/$7/$8/$9/$10',
+            'a/b/c/d/e/f/g/h/i/j',
+            ['a', 'b', 'c', 'd', 'e', 'f', 'g', 'h', 'i', 'j'],
+        ];
+
+        yield 'out-of-range reference resolves to empty string' => [
+            $tenSegments,
+            'Catalog::lookup/$1/$2/$3/$4/$5/$6/$7/$8/$9/$10/$11',
+            'a/b/c/d/e/f/g/h/i/j',
+            ['a', 'b', 'c', 'd', 'e', 'f', 'g', 'h', 'i', 'j', ''],
+        ];
+    }
+
     public function testLogsRouteAttributeInstantiationFailureWithContext(): void
     {
         $collection = clone $this->collection;