diff --git a/doc/classes/Node.xml b/doc/classes/Node.xml
index c9c94eff36ea..dd182f82454b 100644
--- a/doc/classes/Node.xml
+++ b/doc/classes/Node.xml
@@ -1137,6 +1137,9 @@
 			Duplicate using instancing.
 			An instance stays linked to the original so when the original changes, the instance changes too.
 		</constant>
+		<constant name="DUPLICATE_NODE_REFERENCES" value="16" enum="DuplicateFlags">
+			Duplicate the node's references, changing all exported [Node] properties to be part of the newly duplicated hierarchy, if possible. Does not work without [constant DUPLICATE_USE_INSTANTIATION].
+		</constant>
 		<constant name="INTERNAL_MODE_DISABLED" value="0" enum="InternalMode">
 			Node will not be internal.
 		</constant>
diff --git a/scene/main/node.cpp b/scene/main/node.cpp
index d8a50c4313a1..3a8f0777808b 100644
--- a/scene/main/node.cpp
+++ b/scene/main/node.cpp
@@ -2523,6 +2523,18 @@ Node *Node::_duplicate(int p_flags, HashMap<const Node *, Node *> *r_duplimap) c
 
 			Variant value = N->get()->get(name).duplicate(true);
 
+			if (p_flags & DUPLICATE_NODE_REFERENCES &&
+					E.type == Variant::OBJECT &&
+					ClassDB::is_parent_class(E.class_name, SNAME("Node"))) {
+				Node *node_from_property = Object::cast_to<Node>(value);
+				if (node_from_property) {
+					NodePath relative_path = get_path_to(node_from_property);
+
+					current_node->set(name, node->get_node(relative_path));
+					continue;
+				}
+			}
+
 			if (E.usage & PROPERTY_USAGE_ALWAYS_DUPLICATE) {
 				Resource *res = Object::cast_to<Resource>(value);
 				if (res) { // Duplicate only if it's a resource
@@ -3466,6 +3478,7 @@ void Node::_bind_methods() {
 	BIND_ENUM_CONSTANT(DUPLICATE_GROUPS);
 	BIND_ENUM_CONSTANT(DUPLICATE_SCRIPTS);
 	BIND_ENUM_CONSTANT(DUPLICATE_USE_INSTANTIATION);
+	BIND_ENUM_CONSTANT(DUPLICATE_NODE_REFERENCES);
 
 	BIND_ENUM_CONSTANT(INTERNAL_MODE_DISABLED);
 	BIND_ENUM_CONSTANT(INTERNAL_MODE_FRONT);
diff --git a/scene/main/node.h b/scene/main/node.h
index feda200b24b2..05c36311b46d 100644
--- a/scene/main/node.h
+++ b/scene/main/node.h
@@ -91,8 +91,9 @@ class Node : public Object {
 		DUPLICATE_GROUPS = 2,
 		DUPLICATE_SCRIPTS = 4,
 		DUPLICATE_USE_INSTANTIATION = 8,
+		DUPLICATE_NODE_REFERENCES = 16,
 #ifdef TOOLS_ENABLED
-		DUPLICATE_FROM_EDITOR = 16,
+		DUPLICATE_FROM_EDITOR = 32,
 #endif
 	};