diff --git a/markdown_it/presets/commonmark.py b/markdown_it/presets/commonmark.py
index ed0de0fe..383f2388 100644
--- a/markdown_it/presets/commonmark.py
+++ b/markdown_it/presets/commonmark.py
@@ -39,6 +39,9 @@ def make() -> PresetType:
             # function (/*str, lang, attrs*/) { return ''; }
             #
             "highlight": None,
+            # Python implementation specific:
+            # Store link label in link/image token's metadata (under Token.meta['label']).
+            "store_labels": False,
         },
         "components": {
             "core": {"rules": ["normalize", "block", "inline", "text_join"]},
diff --git a/markdown_it/presets/default.py b/markdown_it/presets/default.py
index 8aa858f7..7ee368ec 100644
--- a/markdown_it/presets/default.py
+++ b/markdown_it/presets/default.py
@@ -31,6 +31,9 @@ def make() -> PresetType:
             # function (/*str, lang, attrs*/) { return ''; }
             #
             "highlight": None,
+            # Python implementation specific:
+            # Store link label in link/image token's metadata (under Token.meta['label']).
+            "store_labels": False,
         },
         "components": {"core": {}, "block": {}, "inline": {}},
     }
diff --git a/markdown_it/presets/zero.py b/markdown_it/presets/zero.py
index 3f1fc18c..46c1296a 100644
--- a/markdown_it/presets/zero.py
+++ b/markdown_it/presets/zero.py
@@ -32,6 +32,9 @@ def make() -> PresetType:
             # If result starts with <pre... internal wrapper is skipped.
             # function (/*str, lang, attrs*/) { return ''; }
             "highlight": None,
+            # Python implementation specific:
+            # Store link label in link/image token's metadata (under Token.meta['label']).
+            "store_labels": False,
         },
         "components": {
             "core": {"rules": ["normalize", "block", "inline", "text_join"]},
diff --git a/markdown_it/utils.py b/markdown_it/utils.py
index a9793720..82884688 100644
--- a/markdown_it/utils.py
+++ b/markdown_it/utils.py
@@ -31,6 +31,8 @@ class OptionsType(TypedDict):
     """CSS language prefix for fenced blocks."""
     highlight: Callable[[str, str, str], str] | None
     """Highlighter function: (content, lang, attrs) -> str."""
+    store_labels: bool
+    """Store link label in link/image token's metadata (under Token.meta['label'])."""
 
 
 class PresetType(TypedDict):