diff --git a/addons/link_tracker/models/link_tracker.py b/addons/link_tracker/models/link_tracker.py
index 715e789e699..58d51835154 100644
--- a/addons/link_tracker/models/link_tracker.py
+++ b/addons/link_tracker/models/link_tracker.py
@@ -82,8 +82,21 @@ class LinkTracker(models.Model):
 
     @api.depends('url')
     def _compute_redirected_url(self):
+        """Compute the URL to which we will redirect the user.
+
+        By default, add UTM values as GET parameters. But if the system parameter
+        `link_tracker.no_external_tracking` is set, we add the UTM values in the URL
+        *only* for URLs that redirect to the local website (base URL).
+        """
+        no_external_tracking = self.env['ir.config_parameter'].sudo().get_param('link_tracker.no_external_tracking')
+
         for tracker in self:
+            base_domain = urls.url_parse(tracker.get_base_url()).netloc
             parsed = urls.url_parse(tracker.url)
+            if no_external_tracking and parsed.netloc and parsed.netloc != base_domain:
+                tracker.redirected_url = parsed.to_url()
+                continue
+
             utms = {}
             for key, field_name, cook in self.env['utm.mixin'].tracking_fields():
                 field = self._fields[field_name]
diff --git a/addons/link_tracker/tests/__init__.py b/addons/link_tracker/tests/__init__.py
index 3819ad5525e..b074e933828 100644
--- a/addons/link_tracker/tests/__init__.py
+++ b/addons/link_tracker/tests/__init__.py
@@ -2,5 +2,6 @@
 # Part of Odoo. See LICENSE file for full copyright and licensing details.
 
 from . import common
+from . import test_link_tracker
 from . import test_mail_render_mixin
 from . import test_link_tracker
diff --git a/addons/link_tracker/tests/test_link_tracker.py b/addons/link_tracker/tests/test_link_tracker.py
index 3ed43a90c78..3b1d405b005 100644
--- a/addons/link_tracker/tests/test_link_tracker.py
+++ b/addons/link_tracker/tests/test_link_tracker.py
@@ -1,11 +1,12 @@
 # -*- coding: utf-8 -*-
 # Part of Odoo. See LICENSE file for full copyright and licensing details.
 
+from .common import MockLinkTracker
 from odoo.tests import common
 from odoo.exceptions import UserError
 
 
-class TestLinkTracker(common.TransactionCase):
+class TestLinkTracker(common.TransactionCase, MockLinkTracker):
     def test_create(self):
         link_trackers = self.env['link.tracker'].create([
             {
@@ -88,3 +89,62 @@ class TestLinkTracker(common.TransactionCase):
 
         with self.assertRaises(UserError):
             (link_1 | link_2).write({'medium_id': False})
+
+    def test_no_external_tracking(self):
+        self.env['ir.config_parameter'].set_param('link_tracker.no_external_tracking', '1')
+
+        campaign = self.env['utm.campaign'].create({'name': 'campaign'})
+        source = self.env['utm.source'].create({'name': 'source'})
+        medium = self.env['utm.medium'].create({'name': 'medium'})
+
+        expected_utm_params = {
+            'utm_campaign': campaign.name,
+            'utm_source': source.name,
+            'utm_medium': medium.name,
+        }
+
+        # URL to an external website -> UTM parameters should no be added
+        # because the system parameter "no_external_tracking" is set
+        link = self.env['link.tracker'].create({
+            'url': 'http://external.com/test?a=example.com',
+            'campaign_id': campaign.id,
+            'source_id': source.id,
+            'medium_id': medium.id,
+            'title': 'Title',
+        })
+        self.assertLinkParams(
+            'http://external.com/test',
+            link,
+            {'a': 'example.com'}
+        )
+
+        # URL to the local website -> UTM parameters should be added since we know we handle them
+        # even though the parameter "no_external_tracking" is enabled
+        link.url = 'https://test.odoo.com/test?a=example.com'
+        self.assertLinkParams(
+            'https://test.odoo.com/test',
+            link,
+            {**expected_utm_params, 'a': 'example.com'}
+        )
+
+        # Relative URL to the local website -> UTM parameters should be added since we know we handle them
+        # even though the parameter "no_external_tracking" is enabled
+        link.url = '/test?a=example.com'
+
+        self.assertLinkParams(
+            '/test',
+            link,
+            {**expected_utm_params, 'a': 'example.com'}
+        )
+
+        # Deactivate the system parameter
+        self.env['ir.config_parameter'].set_param('link_tracker.no_external_tracking', False)
+
+        # URL to an external website -> UTM parameters should be added since
+        # the system  parameter "link_tracker.no_external_tracking" is disabled
+        link.url = 'http://external.com/test?a=example.com'
+        self.assertLinkParams(
+            'http://external.com/test',
+            link,
+            {**expected_utm_params, 'a': 'example.com'}
+        )