normalization of URLs across instances?

I'm brand new here, so I apologize if this is already well-trodden ground.

Is there an existing mechanism that would allow to convert URLs that point to a different instance to become instead federated links from the current instance?

For example, at https://lemmy.world/post/503056, there's a comment with a link that points to https://kbin.social/m/world@lemmy.world/t/87275/Wagner-Group-captures-headquarters-of-the-Southern-Military-District-and

Ideally, that URL would be transformed somewhere between its pasting in the original comment and my loading it in my browser into something more like https://lemmy.world/post/502058

Is that something that exists, in whole or in part?