diff --git a/WooCommerce/Classes/ViewRelated/Products/Edit Product/ProductFormViewController.swift b/WooCommerce/Classes/ViewRelated/Products/Edit Product/ProductFormViewController.swift
index ea217926e8a..4b7ab91ee9a 100644
--- a/WooCommerce/Classes/ViewRelated/Products/Edit Product/ProductFormViewController.swift	
+++ b/WooCommerce/Classes/ViewRelated/Products/Edit Product/ProductFormViewController.swift	
@@ -229,6 +229,20 @@ final class ProductFormViewController<ViewModel: ProductFormViewModelProtocol>:
             }
         }
 
+        if viewModel.canSaveAsDraft() || viewModel.productModel.status == .draft {
+            actionSheet.addDefaultActionWithTitle(ActionSheetStrings.previewProduct) { [weak self] _ in
+                if self?.viewModel.canSaveAsDraft() == true || self?.viewModel.hasUnsavedChanges() == true {
+                    self?.saveProduct(status: .draft) { result in
+                        if result.isSuccess {
+                            self?.displayProductPreview()
+                        }
+                    }
+                } else {
+                    self?.displayProductPreview()
+                }
+            }
+        }
+
         /// The "View product in store" action will be shown only if the product is published.
         if viewModel.canViewProductInStore() {
             actionSheet.addDefaultActionWithTitle(ActionSheetStrings.viewProduct) { [weak self] _ in
@@ -716,14 +730,14 @@ private extension ProductFormViewController {
 // MARK: Navigation actions
 //
 private extension ProductFormViewController {
-    func saveProduct(status: ProductStatus? = nil) {
+    func saveProduct(status: ProductStatus? = nil, onCompletion: @escaping (Result<Void, ProductUpdateError>) -> Void = { _ in }) {
         let productStatus = status ?? product.status
         let messageType = viewModel.saveMessageType(for: productStatus)
         showSavingProgress(messageType)
-        saveProductRemotely(status: status)
+        saveProductRemotely(status: status, onCompletion: onCompletion)
     }
 
-    func saveProductRemotely(status: ProductStatus?) {
+    func saveProductRemotely(status: ProductStatus?, onCompletion: @escaping (Result<Void, ProductUpdateError>) -> Void = { _ in }) {
         viewModel.saveProductRemotely(status: status) { [weak self] result in
             switch result {
             case .failure(let error):
@@ -732,6 +746,7 @@ private extension ProductFormViewController {
                 // Dismisses the in-progress UI then presents the error alert.
                 self?.navigationController?.dismiss(animated: true) {
                     self?.displayError(error: error)
+                    onCompletion(.failure(error))
                 }
             case .success:
                 // Dismisses the in-progress UI, then presents the confirmation alert.
@@ -741,6 +756,7 @@ private extension ProductFormViewController {
                 // Show linked products promo banner after product save
                 (self?.viewModel as? ProductFormViewModel)?.isLinkedProductsPromoEnabled = true
                 self?.reloadLinkedPromoCellAnimated()
+                onCompletion(.success(()))
             }
         }
     }
@@ -778,6 +794,18 @@ private extension ProductFormViewController {
         SharingHelper.shareURL(url: url, title: product.name, from: view, in: self)
     }
 
+    func displayProductPreview() {
+        var permalink = URLComponents(string: product.permalink)
+        var updatedQueryItems = permalink?.queryItems ?? []
+        updatedQueryItems.append(.init(name: "preview", value: "true"))
+        permalink?.queryItems = updatedQueryItems
+        guard let url = permalink?.url else {
+            return
+        }
+
+        WebviewHelper.launch(url, with: self)
+    }
+
     func duplicateProduct() {
         showSavingProgress(.duplicate)
         viewModel.duplicateProduct(onCompletion: { [weak self] result in
@@ -1555,6 +1583,8 @@ private enum Localization {
 private enum ActionSheetStrings {
     static let saveProductAsDraft = NSLocalizedString("Save as draft",
                                                       comment: "Button title to save a product as draft in Product More Options Action Sheet")
+    static let previewProduct = NSLocalizedString("Preview",
+                                                  comment: "Button title to open preview link for a product in Product More Options Action Sheet")
     static let viewProduct = NSLocalizedString("View Product in Store",
                                                comment: "Button title View product in store in Edit Product More Options Action Sheet")
     static let share = NSLocalizedString("Share", comment: "Button title Share in Edit Product More Options Action Sheet")