diff --git a/packages/block-library/src/navigation-link/link-ui.js b/packages/block-library/src/navigation-link/link-ui.js
index 3dede053de3db..782d1fff4a01b 100644
--- a/packages/block-library/src/navigation-link/link-ui.js
+++ b/packages/block-library/src/navigation-link/link-ui.js
@@ -9,7 +9,7 @@ import {
 	BlockIcon,
 	store as blockEditorStore,
 } from '@wordpress/block-editor';
-import { createInterpolateElement } from '@wordpress/element';
+import { createInterpolateElement, useMemo } from '@wordpress/element';
 import { store as coreStore } from '@wordpress/core-data';
 import { decodeEntities } from '@wordpress/html-entities';
 import { switchToBlockType } from '@wordpress/blocks';
@@ -154,11 +154,17 @@ export function LinkUI( props ) {
 	}
 
 	const { label, url, opensInNewTab, type, kind } = props.link;
-	const link = {
-		url,
-		opensInNewTab,
-		title: label && stripHTML( label ),
-	};
+
+	// Memoize link value to avoid overriding the LinkControl's internal state.
+	// This is a temporary fix. See https://github.com/WordPress/gutenberg/issues/50976#issuecomment-1568226407.
+	const link = useMemo(
+		() => ( {
+			url,
+			opensInNewTab,
+			title: label && stripHTML( label ),
+		} ),
+		[ label, opensInNewTab, url ]
+	);
 
 	return (
 		<Popover