Google announced today that it will start offering suggestions for hyperlinks directly in Docs and Slides. When highlighting text and clicking “Insert Link” Google will automatically start generating URL suggestions based on the text:
You can hyperlink text in Docs and Slides when you want to attach related information to a word or sentence — for example, when writing a paper on Athens, you can highlight “Acropolis” and link it to a Google search result, a specific website, a heading or bookmark in your document, or even another file in Drive.
Starting today, the link tool now offers you suggestions based on the text you are hyperlinking just in case you don’t have the URL you need offhand. To try it out, select the text you want and click the “Insert link” icon from the menu bar (or use Ctrl K).