Automate creation of hyperlinks while writing

Happy Thanksgiving to all

I am wondering if a Shortcut or Chrome Extension or app already exists before I re-invent the wheel.

I would like to be able to highlight text on a website and then have a rich-text hyperlink created that I can Paste into Word or some other rich text canvas which has the highlighted text as the title of the hyperlink and the original URL as the destination of the link. Bonus points if activating the hyperlink also highlights the original text.

Is there something out there that already does this? If not what would be the best tool to create it in?