diff --git a/esphome/components/graphical_layout/__init__.py b/esphome/components/graphical_layout/__init__.py
index 66a54333ac..700a5d6755 100644
--- a/esphome/components/graphical_layout/__init__.py
+++ b/esphome/components/graphical_layout/__init__.py
@@ -16,7 +16,7 @@ ContainerLayoutItem = graphical_layout_ns.class_("ContainerLayoutItem", LayoutIt
 
 CODEOWNERS = ["@MrMDavidson"]
 
-AUTO_LOAD = ["display", "sensor", "text_sensor"]
+AUTO_LOAD = ["display", "sensor", "text_sensor", "time"]
 
 MULTI_CONF = True
 
diff --git a/esphome/components/graphical_layout/text_panel.cpp b/esphome/components/graphical_layout/text_panel.cpp
index b95c886494..c6b9e257b5 100644
--- a/esphome/components/graphical_layout/text_panel.cpp
+++ b/esphome/components/graphical_layout/text_panel.cpp
@@ -26,6 +26,11 @@ void TextPanel::dump_config(int indent_depth, int additional_level_depth) {
   if (this->text_sensor_ != nullptr) {
     ESP_LOGCONFIG(TAG, "%*sText Sensor: %s", indent_depth, "", this->text_sensor_->get_name().c_str());
   }
+  if (this->time_ != nullptr) {
+    ESP_LOGCONFIG(TAG, "%*sTime: YES", indent_depth, "");
+    ESP_LOGCONFIG(TAG, "%*sUse UTC Time: %s", indent_depth, "", YESNO(this->use_utc_time_));
+    ESP_LOGCONFIG(TAG, "%*sTime Format: %s", indent_depth, "", this->time_format_.value().c_str());
+  }
   ESP_LOGCONFIG(TAG, "%*sHas Text Formatter: %s", indent_depth, "", YESNO(!this->text_formatter_.has_value()));
 }
 
@@ -48,6 +53,19 @@ void TextPanel::setup_complete() {
     this->text_ = [this]() { return this->text_formatter_.value(this->text_sensor_->get_state()); };
   }
 
+  if (this->time_ != nullptr) {
+    this->text_ = [this]() {
+      ESPTime time;
+      if (this->use_utc_time_) {
+        time = this->time_->utcnow();
+      } else {
+        time = this->time_->now();
+      }
+
+      return this->text_formatter_.value(time.strftime(this->time_format_.value()));
+    };
+  }
+
   if (this->text_input_.has_value()) {
     this->text_ = [this]() { return this->text_formatter_.value(this->text_input_.value()); };
   }
diff --git a/esphome/components/graphical_layout/text_panel.h b/esphome/components/graphical_layout/text_panel.h
index 6598ef976b..15de2a8403 100644
--- a/esphome/components/graphical_layout/text_panel.h
+++ b/esphome/components/graphical_layout/text_panel.h
@@ -7,6 +7,7 @@
 #include "esphome/core/automation.h"
 #include "esphome/components/sensor/sensor.h"
 #include "esphome/components/text_sensor/text_sensor.h"
+#include "esphome/components/time/real_time_clock.h"
 
 namespace esphome {
 namespace graphical_layout {
@@ -22,6 +23,9 @@ class TextPanel : public LayoutItem {
   template<typename V> void set_text(V text) { this->text_input_ = text; };
   void set_sensor(sensor::Sensor *sensor) { this->sensor_ = sensor; };
   void set_text_sensor(text_sensor::TextSensor *text_sensor) { this->text_sensor_ = text_sensor; };
+  void set_time(time::RealTimeClock *time) { this->time_ = time; };
+  void set_use_utc_time(bool use_utc_time) { this->use_utc_time_ = use_utc_time; };
+  template<typename V> void set_time_format(V time_format) { this->time_format_ = time_format; };
   template<typename V> void set_text_formatter(V text_formatter) { this->text_formatter_ = text_formatter; };
   void set_font(display::BaseFont *font) { this->font_ = font; };
   void set_foreground_color(Color foreground_color) { this->foreground_color_ = foreground_color; };
@@ -32,6 +36,9 @@ class TextPanel : public LayoutItem {
   TemplatableValue<std::string> text_{};
   sensor::Sensor *sensor_{nullptr};
   text_sensor::TextSensor *text_sensor_{nullptr};
+  time::RealTimeClock *time_{nullptr};
+  bool use_utc_time_{false};
+  TemplatableValue<std::string> time_format_{};
   TemplatableValue<std::string, const std::string> text_formatter_{};
   TemplatableValue<std::string> text_input_{};
   display::BaseFont *font_{nullptr};
diff --git a/esphome/components/graphical_layout/text_panel.py b/esphome/components/graphical_layout/text_panel.py
index bc149aad92..655d2a3727 100644
--- a/esphome/components/graphical_layout/text_panel.py
+++ b/esphome/components/graphical_layout/text_panel.py
@@ -1,8 +1,14 @@
 import esphome.codegen as cg
 import esphome.config_validation as cv
-from esphome.components import font, color, sensor, text_sensor
+from esphome.components import font, color, sensor, text_sensor, time
 from esphome.components.display import display_ns
-from esphome.const import CONF_FOREGROUND_COLOR, CONF_BACKGROUND_COLOR, CONF_SENSOR
+from esphome.const import (
+    CONF_FOREGROUND_COLOR,
+    CONF_BACKGROUND_COLOR,
+    CONF_SENSOR,
+    CONF_TIME_ID,
+)
+
 
 graphical_layout_ns = cg.esphome_ns.namespace("graphical_layout")
 TextPanel = graphical_layout_ns.class_("TextPanel")
@@ -14,6 +20,8 @@ CONF_TEXT = "text"
 CONF_TEXT_ALIGN = "text_align"
 CONF_TEXT_SENSOR = "text_sensor"
 CONF_TEXT_FORMATTER = "text_formatter"
+CONF_TIME_FORMAT = "time_format"
+CONF_USE_UTC_TIME = "use_utc_time"
 
 TEXT_ALIGN = {
     "TOP_LEFT": TextAlign.TOP_LEFT,
@@ -43,10 +51,15 @@ def get_config_schema(base_item_schema, item_type_schema):
                 cv.Optional(CONF_TEXT_ALIGN): cv.enum(TEXT_ALIGN, upper=True),
                 cv.Optional(CONF_SENSOR): cv.use_id(sensor.Sensor),
                 cv.Optional(CONF_TEXT_SENSOR): cv.use_id(text_sensor.TextSensor),
+                cv.Optional(CONF_TIME_ID): cv.use_id(time.RealTimeClock),
+                cv.Optional(CONF_TIME_FORMAT, default="%H:%M"): cv.templatable(
+                    cv.string
+                ),
+                cv.Optional(CONF_USE_UTC_TIME, default=False): cv.boolean,
                 cv.Optional(CONF_TEXT_FORMATTER): cv.returning_lambda,
             }
         ),
-        cv.has_exactly_one_key(CONF_TEXT, CONF_SENSOR, CONF_TEXT_SENSOR),
+        cv.has_exactly_one_key(CONF_TEXT, CONF_SENSOR, CONF_TEXT_SENSOR, CONF_TIME_ID),
     )
 
 
@@ -70,6 +83,15 @@ async def config_to_layout_item(pvariable_builder, item_config, child_item_build
     elif text_sensor_config := item_config.get(CONF_TEXT_SENSOR):
         text_sens = await cg.get_variable(text_sensor_config)
         cg.add(var.set_text_sensor(text_sens))
+    elif time_id_config := item_config.get(CONF_TIME_ID):
+        time_sens = await cg.get_variable(time_id_config)
+        time_format = await cg.templatable(
+            item_config[CONF_TIME_FORMAT], args=[], output_type=cg.std_string
+        )
+        use_utc_time = item_config[CONF_USE_UTC_TIME]
+        cg.add(var.set_time(time_sens))
+        cg.add(var.set_time_format(time_format))
+        cg.add(var.set_use_utc_time(use_utc_time))
     else:
         text = await cg.templatable(
             item_config[CONF_TEXT], args=[], output_type=cg.std_string
diff --git a/esphome/components/graphical_layout/text_run_panel.h b/esphome/components/graphical_layout/text_run_panel.h
index d421b2e4b9..f607ca271b 100644
--- a/esphome/components/graphical_layout/text_run_panel.h
+++ b/esphome/components/graphical_layout/text_run_panel.h
@@ -9,6 +9,7 @@
 #include "esphome/core/automation.h"
 #include "esphome/components/sensor/sensor.h"
 #include "esphome/components/text_sensor/text_sensor.h"
+#include "esphome/components/time/real_time_clock.h"
 
 namespace esphome {
 namespace graphical_layout {
@@ -64,7 +65,7 @@ class TextRun : public TextRunBase, public FormattableTextRun {
     this->text_ = std::move(text);
   }
 
-  std::string get_text() override { return this->format_text(text_.value()); }
+  std::string get_text() override { return this->format_text(this->text_.value()); }
 
  protected:
   TemplatableValue<std::string> text_{};
@@ -96,6 +97,33 @@ class TextSensorTextRun : public TextRunBase, public FormattableTextRun {
   text_sensor::TextSensor *text_sensor_{nullptr};
 };
 
+class TimeTextRun : public TextRunBase, public FormattableTextRun {
+ public:
+  TimeTextRun(time::RealTimeClock *time, TemplatableValue<std::string> time_format, bool use_utc_time,
+              display::BaseFont *font)
+      : TextRunBase(font) {
+    this->time_ = time;
+    this->time_format_ = std::move(time_format);
+    this->use_utc_time_ = use_utc_time;
+  }
+
+  std::string get_text() override {
+    ESPTime time;
+    if (this->use_utc_time_) {
+      time = this->time_->utcnow();
+    } else {
+      time = this->time_->now();
+    }
+
+    return this->format_text(time.strftime(this->time_format_.value()));
+  }
+
+ protected:
+  time::RealTimeClock *time_{nullptr};
+  TemplatableValue<std::string> time_format_{""};
+  bool use_utc_time_{false};
+};
+
 class CalculatedTextRun {
  public:
   CalculatedTextRun(TextRunBase *run, std::string text) {
diff --git a/esphome/components/graphical_layout/text_run_panel.py b/esphome/components/graphical_layout/text_run_panel.py
index 2d97cd5e8d..c1c1c41317 100644
--- a/esphome/components/graphical_layout/text_run_panel.py
+++ b/esphome/components/graphical_layout/text_run_panel.py
@@ -1,12 +1,13 @@
 import esphome.codegen as cg
 import esphome.config_validation as cv
-from esphome.components import font, color, sensor, text_sensor
+from esphome.components import font, color, sensor, text_sensor, time
 from esphome.components.display import display_ns
 from esphome.const import (
     CONF_ID,
     CONF_FOREGROUND_COLOR,
     CONF_BACKGROUND_COLOR,
     CONF_SENSOR,
+    CONF_TIME_ID,
 )
 
 graphical_layout_ns = cg.esphome_ns.namespace("graphical_layout")
@@ -16,6 +17,7 @@ TextRunBase = graphical_layout_ns.class_("TextRunBase")
 TextRun = graphical_layout_ns.class_("TextRun", TextRunBase)
 SensorTextRun = graphical_layout_ns.class_("SensorTextRun", TextRunBase)
 TextSensorTextRun = graphical_layout_ns.class_("TextSensorTextRun", TextRunBase)
+TimeTextRun = graphical_layout_ns.class_("TimeTextRun", TextRunBase)
 CanWrapAtCharacterArguments = graphical_layout_ns.struct("CanWrapAtCharacterArguments")
 CanWrapAtCharacterArgumentsConstRef = CanWrapAtCharacterArguments.operator(
     "const"
@@ -32,6 +34,8 @@ CONF_CAN_WRAP_AT_CHARACTER = "can_wrap_at_character"
 CONF_DEBUG_OUTLINE_RUNS = "debug_outline_runs"
 CONF_TEXT_SENSOR = "text_sensor"
 CONF_TEXT_FORMATTER = "text_formatter"
+CONF_TIME_FORMAT = "time_format"
+CONF_USE_UTC_TIME = "use_utc_time"
 
 TEXT_ALIGN = {
     "TOP_LEFT": TextAlign.TOP_LEFT,
@@ -80,10 +84,21 @@ TEXT_SENSOR_TEXT_RUN_SCHEMA = BASE_RUN_SCHEMA.extend(
     }
 )
 
+TIME_TEXT_RUN_SCHEMA = BASE_RUN_SCHEMA.extend(
+    {
+        cv.GenerateID(): cv.declare_id(TimeTextRun),
+        cv.Required(CONF_TIME_ID): cv.use_id(time.RealTimeClock),
+        cv.Optional(CONF_TIME_FORMAT, default="%H:%M"): cv.templatable(cv.string),
+        cv.Optional(CONF_USE_UTC_TIME, default=False): cv.boolean,
+        cv.Optional(CONF_TEXT_FORMATTER): cv.returning_lambda,
+    }
+)
+
 RUN_SCHEMA = cv.Any(
     SENSOR_TEXT_RUN_SCHEMA,
     TEXT_RUN_SCHEMA,
     TEXT_SENSOR_TEXT_RUN_SCHEMA,
+    TIME_TEXT_RUN_SCHEMA,
 )
 
 
@@ -136,6 +151,15 @@ async def config_to_layout_item(pvariable_builder, item_config, child_item_build
         elif run_text_sensor_config := run_config.get(CONF_TEXT_SENSOR):
             text_sens = await cg.get_variable(run_text_sensor_config)
             run = cg.new_Pvariable(run_config[CONF_ID], text_sens, run_font)
+        elif run_time_id_config := run_config.get(CONF_TIME_ID):
+            time_sens = await cg.get_variable(run_time_id_config)
+            time_format = await cg.templatable(
+                run_config[CONF_TIME_FORMAT], args=[], output_type=cg.std_string
+            )
+            use_utc_time = run_config[CONF_USE_UTC_TIME]
+            run = cg.new_Pvariable(
+                run_config[CONF_ID], time_sens, time_format, use_utc_time, run_font
+            )
         else:
             run_text = await cg.templatable(
                 run_config[CONF_TEXT], args=[], output_type=cg.std_string