diff --git a/public/app/features/canvas/elements/metricValue.tsx b/public/app/features/canvas/elements/metricValue.tsx
index 893d0bbd4086..8268470547a6 100644
--- a/public/app/features/canvas/elements/metricValue.tsx
+++ b/public/app/features/canvas/elements/metricValue.tsx
@@ -11,6 +11,7 @@ import { DimensionContext } from 'app/features/dimensions/context';
 import { ColorDimensionEditor } from 'app/features/dimensions/editors/ColorDimensionEditor';
 import { TextDimensionEditor } from 'app/features/dimensions/editors/TextDimensionEditor';
 
+import { getDataLinks } from '../../../plugins/panel/canvas/utils';
 import { CanvasElementItem, CanvasElementProps, defaultBgColor, defaultTextColor } from '../element';
 import { ElementState } from '../runtime/element';
 import { Align, TextConfig, TextData, VAlign } from '../types';
@@ -159,6 +160,8 @@ export const metricValueItem: CanvasElementItem<TextConfig, TextData> = {
       data.color = ctx.getColor(cfg.color).value();
     }
 
+    data.links = getDataLinks(ctx, cfg, data.text);
+
     return data;
   },
 
diff --git a/public/app/features/canvas/elements/text.tsx b/public/app/features/canvas/elements/text.tsx
index d8d0e02b66f8..b297778a037f 100644
--- a/public/app/features/canvas/elements/text.tsx
+++ b/public/app/features/canvas/elements/text.tsx
@@ -9,6 +9,7 @@ import { DimensionContext } from 'app/features/dimensions/context';
 import { ColorDimensionEditor } from 'app/features/dimensions/editors/ColorDimensionEditor';
 import { TextDimensionEditor } from 'app/features/dimensions/editors/TextDimensionEditor';
 
+import { getDataLinks } from '../../../plugins/panel/canvas/utils';
 import { CanvasElementItem, CanvasElementProps, defaultThemeTextColor } from '../element';
 import { ElementState } from '../runtime/element';
 import { Align, TextConfig, TextData, VAlign } from '../types';
@@ -158,6 +159,8 @@ export const textItem: CanvasElementItem<TextConfig, TextData> = {
       data.color = ctx.getColor(cfg.color).value();
     }
 
+    data.links = getDataLinks(ctx, cfg, data.text);
+
     return data;
   },
 
diff --git a/public/app/features/canvas/runtime/element.tsx b/public/app/features/canvas/runtime/element.tsx
index 5fec464650ec..b954e96f18e2 100644
--- a/public/app/features/canvas/runtime/element.tsx
+++ b/public/app/features/canvas/runtime/element.tsx
@@ -446,6 +446,45 @@ export class ElementState implements LayerElement {
     }
   };
 
+  handleMouseEnter = (event: React.MouseEvent, isSelected: boolean | undefined) => {
+    const scene = this.getScene();
+    if (!scene?.isEditingEnabled) {
+      this.handleTooltip(event);
+    } else if (!isSelected) {
+      scene?.connections.handleMouseEnter(event);
+    }
+  };
+
+  handleTooltip = (event: React.MouseEvent) => {
+    const scene = this.getScene();
+    if (scene?.tooltipCallback) {
+      const rect = this.div?.getBoundingClientRect();
+      scene.tooltipCallback({
+        anchorPoint: { x: rect?.right ?? event.pageX, y: rect?.top ?? event.pageY },
+        element: this,
+        isOpen: false,
+      });
+    }
+  };
+
+  handleMouseLeave = (event: React.MouseEvent) => {
+    const scene = this.getScene();
+    if (scene?.tooltipCallback && !scene?.tooltip?.isOpen) {
+      scene.tooltipCallback(undefined);
+    }
+  };
+
+  onElementClick = (event: React.MouseEvent) => {
+    const scene = this.getScene();
+    if (scene?.tooltipCallback && scene.tooltip?.anchorPoint) {
+      scene.tooltipCallback({
+        anchorPoint: { x: scene.tooltip.anchorPoint.x, y: scene.tooltip.anchorPoint.y },
+        element: this,
+        isOpen: true,
+      });
+    }
+  };
+
   render() {
     const { item, div } = this;
     const scene = this.getScene();
@@ -456,7 +495,9 @@ export class ElementState implements LayerElement {
       <div
         key={this.UID}
         ref={this.initElement}
-        onMouseEnter={!isSelected ? scene?.connections.handleMouseEnter : undefined}
+        onMouseEnter={(e: React.MouseEvent) => this.handleMouseEnter(e, isSelected)}
+        onMouseLeave={!scene?.isEditingEnabled ? this.handleMouseLeave : undefined}
+        onClick={!scene?.isEditingEnabled ? this.onElementClick : undefined}
       >
         <item.display
           key={`${this.UID}/${this.revId}`}
diff --git a/public/app/features/canvas/runtime/scene.tsx b/public/app/features/canvas/runtime/scene.tsx
index 114ac48cb1fa..4c48dc32f836 100644
--- a/public/app/features/canvas/runtime/scene.tsx
+++ b/public/app/features/canvas/runtime/scene.tsx
@@ -26,9 +26,10 @@ import {
   getTextDimensionFromData,
 } from 'app/features/dimensions/utils';
 import { CanvasContextMenu } from 'app/plugins/panel/canvas/CanvasContextMenu';
+import { CanvasTooltip } from 'app/plugins/panel/canvas/CanvasTooltip';
 import { CONNECTION_ANCHOR_DIV_ID } from 'app/plugins/panel/canvas/ConnectionAnchors';
 import { Connections } from 'app/plugins/panel/canvas/Connections';
-import { AnchorPoint, LayerActionID } from 'app/plugins/panel/canvas/types';
+import { AnchorPoint, CanvasTooltipPayload, LayerActionID } from 'app/plugins/panel/canvas/types';
 
 import appEvents from '../../../core/app_events';
 import { CanvasPanel } from '../../../plugins/panel/canvas/CanvasPanel';
@@ -74,6 +75,9 @@ export class Scene {
   inlineEditingCallback?: () => void;
   setBackgroundCallback?: (anchorPoint: AnchorPoint) => void;
 
+  tooltipCallback?: (tooltip: CanvasTooltipPayload | undefined) => void;
+  tooltip?: CanvasTooltipPayload;
+
   readonly editModeEnabled = new BehaviorSubject<boolean>(false);
   subscription: Subscription;
 
@@ -149,6 +153,7 @@ export class Scene {
     getScalar: (scalar: ScalarDimensionConfig) => getScalarDimensionFromData(this.data, scalar),
     getText: (text: TextDimensionConfig) => getTextDimensionFromData(this.data, text),
     getResource: (res: ResourceDimensionConfig) => getResourceDimensionFromData(this.data, res),
+    getPanelData: () => this.data,
   };
 
   updateData(data: PanelData) {
@@ -600,6 +605,8 @@ export class Scene {
 
   render() {
     const canShowContextMenu = this.isPanelEditing || (!this.isPanelEditing && this.isEditingEnabled);
+    const canShowElementTooltip =
+      !this.isEditingEnabled && this.tooltip?.element && this.tooltip.element.data.links?.length > 0;
 
     return (
       <div key={this.revId} className={this.styles.wrap} style={this.style} ref={this.setRef}>
@@ -610,6 +617,11 @@ export class Scene {
             <CanvasContextMenu scene={this} panel={this.panel} />
           </Portal>
         )}
+        {canShowElementTooltip && (
+          <Portal>
+            <CanvasTooltip scene={this} />
+          </Portal>
+        )}
       </div>
     );
   }
diff --git a/public/app/features/canvas/types.ts b/public/app/features/canvas/types.ts
index 5e2af18d89ea..23b1c8dd07ed 100644
--- a/public/app/features/canvas/types.ts
+++ b/public/app/features/canvas/types.ts
@@ -1,3 +1,4 @@
+import { LinkModel } from '@grafana/data/src';
 import { ColorDimensionConfig, ResourceDimensionConfig, TextDimensionConfig } from 'app/features/dimensions/types';
 
 export interface Placement {
@@ -77,6 +78,7 @@ export interface TextData {
   size?: number; // 0 or missing will "auto size"
   align: Align;
   valign: VAlign;
+  links?: LinkModel[];
 }
 
 export interface TextConfig {
diff --git a/public/app/features/dimensions/context.ts b/public/app/features/dimensions/context.ts
index d9415c2809d6..f4418e1a252d 100644
--- a/public/app/features/dimensions/context.ts
+++ b/public/app/features/dimensions/context.ts
@@ -1,3 +1,5 @@
+import { PanelData } from '@grafana/data/src';
+
 import {
   ColorDimensionConfig,
   DimensionSupplier,
@@ -13,4 +15,5 @@ export interface DimensionContext {
   getScalar(scalar: ScalarDimensionConfig): DimensionSupplier<number>;
   getText(text: TextDimensionConfig): DimensionSupplier<string>;
   getResource(resource: ResourceDimensionConfig): DimensionSupplier<string>;
+  getPanelData(): PanelData | undefined;
 }
diff --git a/public/app/plugins/panel/canvas/CanvasPanel.tsx b/public/app/plugins/panel/canvas/CanvasPanel.tsx
index eacad31a7dca..f2b5341578de 100644
--- a/public/app/plugins/panel/canvas/CanvasPanel.tsx
+++ b/public/app/plugins/panel/canvas/CanvasPanel.tsx
@@ -12,7 +12,7 @@ import { PanelEditEnteredEvent, PanelEditExitedEvent } from 'app/types/events';
 import { InlineEdit } from './InlineEdit';
 import { SetBackground } from './SetBackground';
 import { PanelOptions } from './models.gen';
-import { AnchorPoint } from './types';
+import { AnchorPoint, CanvasTooltipPayload } from './types';
 
 interface Props extends PanelProps<PanelOptions> {}
 
@@ -71,6 +71,7 @@ export class CanvasPanel extends Component<Props, State> {
     this.scene.updateData(props.data);
     this.scene.inlineEditingCallback = this.openInlineEdit;
     this.scene.setBackgroundCallback = this.openSetBackground;
+    this.scene.tooltipCallback = this.tooltipCallback;
 
     this.subs.add(
       this.props.eventBus.subscribe(PanelEditEnteredEvent, (evt: PanelEditEnteredEvent) => {
@@ -230,6 +231,11 @@ export class CanvasPanel extends Component<Props, State> {
     isSetBackgroundOpen = true;
   };
 
+  tooltipCallback = (tooltip: CanvasTooltipPayload | undefined) => {
+    this.scene.tooltip = tooltip;
+    this.forceUpdate();
+  };
+
   closeInlineEdit = () => {
     this.setState({ openInlineEdit: false });
     isInlineEditOpen = false;
diff --git a/public/app/plugins/panel/canvas/CanvasTooltip.tsx b/public/app/plugins/panel/canvas/CanvasTooltip.tsx
new file mode 100644
index 000000000000..6fb46c975a42
--- /dev/null
+++ b/public/app/plugins/panel/canvas/CanvasTooltip.tsx
@@ -0,0 +1,80 @@
+import { css } from '@emotion/css';
+import { useDialog } from '@react-aria/dialog';
+import { useOverlay } from '@react-aria/overlays';
+import React, { createRef } from 'react';
+
+import { GrafanaTheme2, LinkModel } from '@grafana/data/src';
+import { LinkButton, Portal, useStyles2, VerticalGroup, VizTooltipContainer } from '@grafana/ui';
+import { CloseButton } from 'app/core/components/CloseButton/CloseButton';
+import { Scene } from 'app/features/canvas/runtime/scene';
+
+interface Props {
+  scene: Scene;
+}
+
+export const CanvasTooltip = ({ scene }: Props) => {
+  const style = useStyles2(getStyles);
+
+  const onClose = () => {
+    if (scene?.tooltipCallback && scene.tooltip) {
+      scene.tooltipCallback(undefined);
+    }
+  };
+
+  const ref = createRef<HTMLElement>();
+  const { overlayProps } = useOverlay({ onClose: onClose, isDismissable: true }, ref);
+  const { dialogProps } = useDialog({}, ref);
+
+  const element = scene.tooltip?.element;
+  if (!element) {
+    return <></>;
+  }
+
+  const renderDataLinks = () =>
+    element.data?.links &&
+    element.data?.links.length > 0 && (
+      <div>
+        <VerticalGroup>
+          {element.data?.links?.map((link: LinkModel, i: number) => (
+            <LinkButton
+              key={i}
+              icon={'external-link-alt'}
+              target={link.target}
+              href={link.href}
+              onClick={link.onClick}
+              fill="text"
+              style={{ width: '100%' }}
+            >
+              {link.title}
+            </LinkButton>
+          ))}
+        </VerticalGroup>
+      </div>
+    );
+
+  return (
+    <>
+      {scene.tooltip?.element && scene.tooltip.anchorPoint && (
+        <Portal>
+          <VizTooltipContainer
+            position={{ x: scene.tooltip.anchorPoint.x, y: scene.tooltip.anchorPoint.y }}
+            offset={{ x: 5, y: 0 }}
+            allowPointerEvents={scene.tooltip.isOpen}
+          >
+            <section ref={ref} {...overlayProps} {...dialogProps}>
+              {scene.tooltip.isOpen && <CloseButton style={{ zIndex: 1 }} onClick={onClose} />}
+              <div className={style.wrapper}>{renderDataLinks()}</div>
+            </section>
+          </VizTooltipContainer>
+        </Portal>
+      )}
+    </>
+  );
+};
+
+const getStyles = (theme: GrafanaTheme2) => ({
+  wrapper: css`
+    margin-top: 20px;
+    background: ${theme.colors.background.primary};
+  `,
+});
diff --git a/public/app/plugins/panel/canvas/types.ts b/public/app/plugins/panel/canvas/types.ts
index 874971e565d4..e5b2ee138d6b 100644
--- a/public/app/plugins/panel/canvas/types.ts
+++ b/public/app/plugins/panel/canvas/types.ts
@@ -25,3 +25,9 @@ export type AnchorPoint = {
   x: number;
   y: number;
 };
+
+export interface CanvasTooltipPayload {
+  anchorPoint: AnchorPoint | undefined;
+  element: ElementState | undefined;
+  isOpen?: boolean;
+}
diff --git a/public/app/plugins/panel/canvas/utils.ts b/public/app/plugins/panel/canvas/utils.ts
index a5eae1208a9e..0b5e4b9c2c90 100644
--- a/public/app/plugins/panel/canvas/utils.ts
+++ b/public/app/plugins/panel/canvas/utils.ts
@@ -1,4 +1,4 @@
-import { AppEvents, PluginState, SelectableValue } from '@grafana/data';
+import { AppEvents, Field, LinkModel, PluginState, SelectableValue } from '@grafana/data';
 import { hasAlphaPanels } from 'app/core/config';
 
 import appEvents from '../../../core/app_events';
@@ -8,11 +8,13 @@ import {
   CanvasElementOptions,
   canvasElementRegistry,
   defaultElementItems,
+  TextConfig,
 } from '../../../features/canvas';
 import { notFoundItem } from '../../../features/canvas/elements/notFound';
 import { ElementState } from '../../../features/canvas/runtime/element';
 import { FrameState } from '../../../features/canvas/runtime/frame';
 import { Scene, SelectionParams } from '../../../features/canvas/runtime/scene';
+import { DimensionContext } from '../../../features/dimensions';
 
 import { AnchorPoint } from './types';
 
@@ -99,3 +101,31 @@ export function onAddItem(sel: SelectableValue<string>, rootLayer: FrameState |
     setTimeout(() => doSelect(rootLayer.scene, newElement));
   }
 }
+
+export function getDataLinks(ctx: DimensionContext, cfg: TextConfig, textData: string | undefined): LinkModel[] {
+  const panelData = ctx.getPanelData();
+  const frames = panelData?.series;
+
+  const links: Array<LinkModel<Field>> = [];
+  const linkLookup = new Set<string>();
+
+  frames?.forEach((frame) => {
+    const visibleFields = frame.fields.filter((field) => !Boolean(field.config.custom?.hideFrom?.tooltip));
+
+    if (cfg.text?.field && visibleFields.some((f) => f.name === cfg.text?.field)) {
+      const field = visibleFields.filter((field) => field.name === cfg.text?.field)[0];
+      if (field?.getLinks) {
+        const disp = field.display ? field.display(textData) : { text: `${textData}`, numeric: +textData! };
+        field.getLinks({ calculatedValue: disp }).forEach((link) => {
+          const key = `${link.title}/${link.href}`;
+          if (!linkLookup.has(key)) {
+            links.push(link);
+            linkLookup.add(key);
+          }
+        });
+      }
+    }
+  });
+
+  return links;
+}
diff --git a/public/app/plugins/panel/icon/IconPanel.tsx b/public/app/plugins/panel/icon/IconPanel.tsx
index 2c679db70842..70e8028362ba 100644
--- a/public/app/plugins/panel/icon/IconPanel.tsx
+++ b/public/app/plugins/panel/icon/IconPanel.tsx
@@ -57,6 +57,7 @@ export class IconPanel extends Component<Props> {
     getScalar: (scalar: ScalarDimensionConfig) => getScalarDimensionFromData(this.props.data, scalar),
     getText: (text: TextDimensionConfig) => getTextDimensionFromData(this.props.data, text),
     getResource: (res: ResourceDimensionConfig) => getResourceDimensionFromData(this.props.data, res),
+    getPanelData: () => this.props.data,
   };
 
   shouldComponentUpdate(nextProps: Props) {