diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 0a85fb772..1fc371f97 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+### 2.31.2
+
+- `Fix` - Prevent link removal when applying bold to linked text
+
 ### 2.31.1
 
 - `Fix` - Prevent the warning from appearing when `readOnly` mode is initially set to `true`
diff --git a/package.json b/package.json
index 386aee8c4..1005b9fd6 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@editorjs/editorjs",
-  "version": "2.31.1",
+  "version": "2.31.2",
   "description": "Editor.js — open source block-style WYSIWYG editor with JSON output",
   "main": "dist/editorjs.umd.js",
   "module": "dist/editorjs.mjs",
diff --git a/src/components/inline-tools/inline-tool-link.ts b/src/components/inline-tools/inline-tool-link.ts
index 9b413a564..999a30c4c 100644
--- a/src/components/inline-tools/inline-tool-link.ts
+++ b/src/components/inline-tools/inline-tool-link.ts
@@ -172,11 +172,21 @@ export default class LinkInlineTool implements InlineTool {
        * Unlink icon pressed
        */
       if (parentAnchor) {
-        this.selection.expandToTag(parentAnchor);
-        this.unlink();
-        this.closeActions();
-        this.checkState();
-        this.toolbar.close();
+        /**
+         * If input is not opened, treat click as explicit unlink action.
+         * If input is opened (e.g., programmatic close when switching tools), avoid unlinking.
+         */
+        if (!this.inputOpened) {
+          this.selection.expandToTag(parentAnchor);
+          this.unlink();
+          this.closeActions();
+          this.checkState();
+          this.toolbar.close();
+        } else {
+          /** Only close actions without clearing saved selection to preserve user state */
+          this.closeActions(false);
+          this.checkState();
+        }
 
         return;
       }
diff --git a/test/cypress/tests/inline-tools/link.cy.ts b/test/cypress/tests/inline-tools/link.cy.ts
index 3077e7d82..9b76a7660 100644
--- a/test/cypress/tests/inline-tools/link.cy.ts
+++ b/test/cypress/tests/inline-tools/link.cy.ts
@@ -71,4 +71,52 @@ describe('Inline Tool Link', () => {
       .find('.ce-paragraph span[style]')
       .should('not.exist');
   });
+
+  it('should preserve link when applying bold to linked text', () => {
+    cy.createEditor({
+      data: {
+        blocks: [
+          {
+            type: 'paragraph',
+            data: {
+              text: 'Text with link',
+            },
+          },
+        ],
+      },
+    });
+
+    cy.get('[data-cy=editorjs]')
+      .find('div.ce-block')
+      .click()
+      .type('{selectall}')
+      .wait(200)
+      .type('{ctrl}K');
+
+    cy.get('[data-cy=editorjs]')
+      .find('.ce-inline-tool-input')
+      .type('https://editorjs.io')
+      .type('{enter}');
+
+    cy.get('[data-cy=editorjs]')
+      .find('div.ce-block')
+      .find('a')
+      .should('have.attr', 'href', 'https://editorjs.io');
+
+    cy.get('[data-cy=editorjs]')
+      .find('div.ce-block')
+      .find('a')
+      .click()
+      .type('{selectall}')
+      .wait(200)
+      .type('{ctrl}B');
+
+    cy.get('[data-cy=editorjs]')
+      .find('div.ce-block')
+      .find('a')
+      .should('have.attr', 'href', 'https://editorjs.io')
+      .find('b')
+      .should('exist')
+      .should('contain', 'Text with link');
+  });
 });