--- link.module
+++ link.module
@@ -478,6 +478,9 @@ function link_theme() {
     'link_formatter_plain' => array(
       'variables' => array('element' => NULL),
     ),
+    'link_formatter_title_plain' => array(
+      'arguments' => array('element' => NULL),
+    ),
     'link_formatter_url' => array(
       'variables' => array('element' => NULL),
     ),
@@ -600,6 +603,11 @@ function link_field_formatter_info() {
       'field types' => array('link_field'),
       'multiple values' => FIELD_BEHAVIOR_DEFAULT,
     ),
+    'title_plain' => array(
+      'label' => t('Title, as plain text'),
+      'field types' => array('link_field'),
+      'multiple values' => FIELD_BEHAVIOR_DEFAULT,
+    ),
     'url' => array(
       'label' => t('URL, as link'),
       'field types' => array('link_field'),
@@ -669,6 +677,13 @@ function theme_link_formatter_plain($vars) {
 }
 
 /**
+ * Theme function for 'title_plain' text field formatter.
+ */
+function theme_link_formatter_title_plain($vars) {
+  return empty($vars['element']['title']) ? '' : check_plain($vars['element']['title']);
+}
+
+/**
  * Theme function for 'url' text field formatter.
  */
 function theme_link_formatter_url($vars) {