diff --git a/wp-includes/link-template.php b/wp-includes/link-template.php
index 9db1065c77..815c539a4a 100644
--- a/wp-includes/link-template.php
+++ b/wp-includes/link-template.php
@@ -4282,10 +4282,74 @@ function get_parent_theme_file_path( $file = '' ) {
  * @return string The URL to the privacy policy page. Empty string if it doesn't exist.
  */
 function get_privacy_policy_url() {
+	$url            = '';
 	$policy_page_id = (int) get_option( 'wp_page_for_privacy_policy' );
 
 	if ( ! empty( $policy_page_id ) && get_post_status( $policy_page_id ) === 'publish' ) {
-		return get_permalink( $policy_page_id );
+		$url = (string) get_permalink( $policy_page_id );
+	}
+
+	/**
+	 * Filters the URL of the privacy policy page.
+	 *
+	 * @since 4.9.6
+	 *
+	 * @param string $url            The URL to the privacy policy page. Empty string
+	 *                               if it doesn't exist.
+	 * @param int    $policy_page_id The ID of privacy policy page.
+	 */
+	return apply_filters( 'privacy_policy_url', $url, $policy_page_id );
+}
+
+/**
+ * Displays the privacy policy link with formatting, when applicable.
+ *
+ * @since 4.9.6
+ *
+ * @param string $before Optional. Display before privacy policy link. Default empty.
+ * @param string $after  Optional. Display after privacy policy link. Default empty.
+ */
+function the_privacy_policy_link( $before = '', $after = '' ) {
+	echo get_the_privacy_policy_link( $before, $after );
+}
+
+/**
+ * Returns the privacy policy link with formatting, when applicable.
+ *
+ * @since 4.9.6
+ *
+ * @param string $before Optional. Display before privacy policy link. Default empty.
+ * @param string $after  Optional. Display after privacy policy link. Default empty.
+ *
+ * @return string Markup for the link and surrounding elements. Empty string if it
+ *                doesn't exist.
+ */
+function get_the_privacy_policy_link( $before = '', $after = '' ) {
+	$link               = '';
+	$privacy_policy_url = get_privacy_policy_url();
+
+	if ( $privacy_policy_url ) {
+		$link = sprintf(
+			'<a class="privacy-policy-link" href="%s">%s</a>',
+			esc_url( $privacy_policy_url ),
+			__( 'Privacy Policy' )
+		);
+	}
+
+	/**
+	 * Filters the privacy policy link.
+	 *
+	 * @since 4.9.6
+	 *
+	 * @param string $link               The privacy policy link. Empty string if it
+	 *                                   doesn't exist.
+	 * @param string $privacy_policy_url The URL of the privacy policy. Empty string
+	 *                                   if it doesn't exist.
+	 */
+	$link = apply_filters( 'the_privacy_policy_link', $link, $privacy_policy_url );
+
+	if ( $link ) {
+		return $before . $link . $after;
 	}
 
 	return '';
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 55b869b911..68be7535e7 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '5.0-alpha-43001';
+$wp_version = '5.0-alpha-43002';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.