diff --git a/packages/block-editor/src/components/colors-gradients/style.scss b/packages/block-editor/src/components/colors-gradients/style.scss
index fc1b1a4d469033..222a5b239cf992 100644
--- a/packages/block-editor/src/components/colors-gradients/style.scss
+++ b/packages/block-editor/src/components/colors-gradients/style.scss
@@ -64,6 +64,7 @@ $swatch-gap: 12px;
 .block-editor-tools-panel-color-gradient-settings__item {
 	padding: 0;
 	max-width: 100%;
+	position: relative;
 
 	// Border styles.
 	border-left: 1px solid $gray-300;
@@ -120,3 +121,23 @@ $swatch-gap: 12px;
 		flex-shrink: 0;
 	}
 }
+
+.block-editor-panel-color-gradient-settings__reset {
+	position: absolute;
+	right: 0;
+	top: $grid-unit;
+	margin: auto $grid-unit auto;
+	opacity: 0;
+	transition: opacity 0.1s ease-in-out;
+	@include reduce-motion("transition");
+
+	&.block-editor-panel-color-gradient-settings__reset {
+		border-radius: $radius-small;
+	}
+
+	.block-editor-panel-color-gradient-settings__dropdown:hover + &,
+	&:focus,
+	&:hover {
+		opacity: 1;
+	}
+}
diff --git a/packages/block-editor/src/components/global-styles/color-panel.js b/packages/block-editor/src/components/global-styles/color-panel.js
index 7c5257ae93bfaa..f1a1834967ed92 100644
--- a/packages/block-editor/src/components/global-styles/color-panel.js
+++ b/packages/block-editor/src/components/global-styles/color-panel.js
@@ -19,7 +19,7 @@ import {
 	Button,
 	privateApis as componentsPrivateApis,
 } from '@wordpress/components';
-import { useCallback } from '@wordpress/element';
+import { useCallback, useRef } from '@wordpress/element';
 import { __ } from '@wordpress/i18n';
 
 /**
@@ -30,6 +30,7 @@ import { useColorsPerOrigin, useGradientsPerOrigin } from './hooks';
 import { getValueFromVariable, useToolsPanelDropdownMenuProps } from './utils';
 import { setImmutably } from '../../utils/object';
 import { unlock } from '../../lock-unlock';
+import { reset as resetIcon } from '@wordpress/icons';
 
 export function useHasColorPanel( settings ) {
 	const hasTextPanel = useHasTextPanel( settings );
@@ -208,6 +209,7 @@ function ColorPanelDropdown( {
 } ) {
 	const currentTab = tabs.find( ( tab ) => tab.userValue !== undefined );
 	const { key: firstTabKey, ...firstTab } = tabs[ 0 ] ?? {};
+	const colorGradientDropdownButtonRef = useRef( undefined );
 	return (
 		<ToolsPanelItem
 			className="block-editor-tools-panel-color-gradient-settings__item"
@@ -228,15 +230,32 @@ function ColorPanelDropdown( {
 							{ 'is-open': isOpen }
 						),
 						'aria-expanded': isOpen,
+						ref: colorGradientDropdownButtonRef,
 					};
 
 					return (
-						<Button __next40pxDefaultSize { ...toggleProps }>
-							<LabeledColorIndicators
-								indicators={ indicators }
-								label={ label }
-							/>
-						</Button>
+						<>
+							<Button { ...toggleProps } __next40pxDefaultSize>
+								<LabeledColorIndicators
+									indicators={ indicators }
+									label={ label }
+								/>
+							</Button>
+							{ hasValue() && (
+								<Button
+									__next40pxDefaultSize
+									label={ __( 'Reset' ) }
+									className="block-editor-panel-color-gradient-settings__reset"
+									size="small"
+									icon={ resetIcon }
+									onClick={ () => {
+										resetValue();
+										// Return focus to parent button
+										colorGradientDropdownButtonRef.current?.focus();
+									} }
+								/>
+							) }
+						</>
 					);
 				} }
 				renderContent={ () => (
diff --git a/test/e2e/specs/editor/blocks/heading.spec.js b/test/e2e/specs/editor/blocks/heading.spec.js
index 4670196c485f5f..c4259cf5b6d2fe 100644
--- a/test/e2e/specs/editor/blocks/heading.spec.js
+++ b/test/e2e/specs/editor/blocks/heading.spec.js
@@ -214,7 +214,7 @@ test.describe( 'Heading', () => {
 			.getByRole( 'region', {
 				name: 'Editor settings',
 			} )
-			.getByRole( 'button', { name: 'Text' } );
+			.getByRole( 'button', { name: 'Text', exact: true } );
 
 		await textColor.click();
 
diff --git a/test/e2e/specs/site-editor/user-global-styles-revisions.spec.js b/test/e2e/specs/site-editor/user-global-styles-revisions.spec.js
index 91142d5395640c..917bf1e0c9c69e 100644
--- a/test/e2e/specs/site-editor/user-global-styles-revisions.spec.js
+++ b/test/e2e/specs/site-editor/user-global-styles-revisions.spec.js
@@ -76,7 +76,9 @@ test.describe( 'Style Revisions', () => {
 		await editor.canvas.locator( 'body' ).click();
 		await userGlobalStylesRevisions.openStylesPanel();
 		await page.getByRole( 'button', { name: 'Colors' } ).click();
-		await page.getByRole( 'button', { name: 'Background' } ).click();
+		await page
+			.getByRole( 'button', { name: 'Background', exact: true } )
+			.click();
 		await page
 			.getByRole( 'option', { name: 'Color: Luminous vivid amber' } )
 			.click( { force: true } );