diff --git a/src/wp-admin/includes/post.php b/src/wp-admin/includes/post.php
index ff60783ae5..909c1f8082 100644
--- a/src/wp-admin/includes/post.php
+++ b/src/wp-admin/includes/post.php
@@ -1308,7 +1308,6 @@ function get_sample_permalink_html( $id, $new_title = null, $new_slug = null ) {
 
 		$post_name_html = '<span id="editable-post-name" title="' . $title . '">' . $post_name_abridged . '</span>';
 		$display_link = str_replace( array( '%pagename%', '%postname%' ), $post_name_html, urldecode( $permalink ) );
-		$pretty_permalink = str_replace( array( '%pagename%', '%postname%' ), $post_name, urldecode( $permalink ) );
 
 		$return =  '<strong>' . __( 'Permalink:' ) . "</strong>\n";
 		$return .= '<span id="sample-permalink" tabindex="-1">' . $display_link . "</span>\n";
@@ -1324,8 +1323,12 @@ function get_sample_permalink_html( $id, $new_title = null, $new_slug = null ) {
 			$preview_link = apply_filters( 'preview_post_link', add_query_arg( 'preview', 'true', $preview_link ), $post );
 			$return .= "<span id='view-post-btn'><a href='" . esc_url( $preview_link ) . "' class='button button-small' target='wp-preview-{$post->ID}'>$view_post</a></span>\n";
 		} else {
-			if ( empty( $pretty_permalink ) ) {
-				$pretty_permalink = $permalink;
+			if ( 'publish' === $post->post_status ) {
+				// View Post button should always go to the saved permalink.
+				$pretty_permalink = get_permalink( $post );
+			} else {
+				// Allow non-published (private, future) to be viewed at a pretty permalink.
+				$pretty_permalink = str_replace( array( '%pagename%', '%postname%' ), $post->post_name, urldecode( $permalink ) );
 			}
 
 			$return .= "<span id='view-post-btn'><a href='" . $pretty_permalink . "' class='button button-small'>$view_post</a></span>\n";
diff --git a/tests/phpunit/tests/admin/includesPost.php b/tests/phpunit/tests/admin/includesPost.php
index e25a9171f3..75677baf3b 100644
--- a/tests/phpunit/tests/admin/includesPost.php
+++ b/tests/phpunit/tests/admin/includesPost.php
@@ -314,6 +314,48 @@ class Tests_Admin_includesPost extends WP_UnitTestCase {
 		flush_rewrite_rules();
 	}
 
+	/**
+	 * @ticket 32954
+	 */
+	public function test_get_sample_permalink_html_should_use_correct_permalink_for_view_post_button_when_changing_slug() {
+		global $wp_rewrite;
+		$old_permalink_structure = get_option( 'permalink_structure' );
+		$permalink_structure = '%postname%';
+		$wp_rewrite->set_permalink_structure( "/$permalink_structure/" );
+		flush_rewrite_rules();
+
+		wp_set_current_user( $this->factory->user->create( array( 'role' => 'administrator' ) ) );
+
+		// Published posts should use published permalink
+		$p = $this->factory->post->create( array( 'post_status' => 'publish', 'post_name' => 'foo' ) );
+
+		$found = get_sample_permalink_html( $p, null, 'new_slug' );
+		$post = get_post( $p );
+		$this->assertContains( "span id='view-post-btn'><a href='" . get_option( 'home' ) . "/" . $post->post_name . "/'", $found );
+
+		// Scheduled posts should use published permalink
+		$future_date = date( 'Y-m-d H:i:s', time() + 100 );
+		$p = $this->factory->post->create( array( 'post_status' => 'future', 'post_name' => 'bar', 'post_date' => $future_date ) );
+
+		$found = get_sample_permalink_html( $p, null, 'new_slug' );
+		$post = get_post( $p );
+		$this->assertContains( "span id='view-post-btn'><a href='" . get_option( 'home' ) . "/" . $post->post_name . "/'", $found );
+
+		// Draft posts should use preview link
+		$p = $this->factory->post->create( array( 'post_status' => 'draft', 'post_name' => 'baz' ) );
+
+		$found = get_sample_permalink_html( $p, null, 'new_slug' );
+		$post = get_post( $p );
+
+		$preview_link = get_permalink( $post->ID );
+		$preview_link = add_query_arg( 'preview', 'true', $preview_link );
+
+		$this->assertContains( "span id='view-post-btn'><a href='" . esc_url( $preview_link ) . "'", $found );
+
+		$wp_rewrite->set_permalink_structure( $old_permalink_structure );
+		flush_rewrite_rules();
+	}
+
 	/**
 	 * @ticket 5305
 	 */