diff --git a/lib_static/redmine/i18n.rb b/lib_static/redmine/i18n.rb
index e93a9de16c5..c844ec1cc6b 100644
--- a/lib_static/redmine/i18n.rb
+++ b/lib_static/redmine/i18n.rb
@@ -116,13 +116,20 @@ module Redmine
     # @param links [Hash] Link names mapped to URLs.
     # @param external [Boolean] Whether the links should be opened as external links, i.e. in a new tab (default: true)
     # @param underline [Boolean] Whether to underline links inserted into the text (default: true)
-    def link_translate(i18n_key, i18n_args: {}, links: {}, external: true, underline: true, **)
+    def link_translate(i18n_key, i18n_args: {}, links: {}, external: true, underline: true, **) # rubocop:disable Metrics/AbcSize
+      translation = ApplicationController.helpers.t(i18n_key.to_s, **i18n_args)
       output = ActiveSupport::SafeBuffer.new
-      output << ApplicationController.helpers.t(i18n_key.to_s, **i18n_args)
+      last_end = 0
 
-      output.html_safe_gsub(link_regex) do
-        create_link_content($3, $2, external:, links:, underline:, **)
+      translation.scan(link_regex) do
+        match = Regexp.last_match
+        output << translation[last_end...match.begin(0)]
+        output << create_link_content(match[3], match[2], external:, links:, underline:, **)
+        last_end = match.end(0)
       end
+      output << translation[last_end..]
+
+      output
     end
 
     ##
diff --git a/spec/lib/redmine/i18n_spec.rb b/spec/lib/redmine/i18n_spec.rb
index ac7ade0d0ce..db8157fb9a8 100644
--- a/spec/lib/redmine/i18n_spec.rb
+++ b/spec/lib/redmine/i18n_spec.rb
@@ -211,6 +211,25 @@ module OpenProject
         expect(links[1][:href]).to eq("/baz")
       end
 
+      context "when the link text contains an apostrophe" do
+        before do
+          allow(::I18n)
+            .to receive(:translate)
+            .with("translation_with_apostrophe", *any_args)
+            .and_return("Here's [what's new](url) to see.")
+        end
+
+        it "does not double-escape the apostrophe in the link text" do
+          translated = link_translate :translation_with_apostrophe,
+                                      links: { url: "https://example.com" },
+                                      external: false
+          fragment = Capybara.string(translated)
+
+          link = fragment.find("a")
+          expect(link.text).to eq("what's new")
+        end
+      end
+
       context "when passing URLs as a list of symbols" do
         let(:urls) do
           { url_1: [:a, :b], url_2: [:a, :c] }