diff --git a/spring-cloud-loadbalancer/src/main/java/org/springframework/cloud/loadbalancer/stats/LoadBalancerTags.java b/spring-cloud-loadbalancer/src/main/java/org/springframework/cloud/loadbalancer/stats/LoadBalancerTags.java
index d21672ce8..b72575952 100644
--- a/spring-cloud-loadbalancer/src/main/java/org/springframework/cloud/loadbalancer/stats/LoadBalancerTags.java
+++ b/spring-cloud-loadbalancer/src/main/java/org/springframework/cloud/loadbalancer/stats/LoadBalancerTags.java
@@ -25,17 +25,21 @@
 import org.springframework.cloud.client.loadbalancer.RequestDataContext;
 import org.springframework.cloud.client.loadbalancer.ResponseData;
 import org.springframework.util.StringUtils;
+import org.springframework.web.reactive.function.client.WebClient;
 
 /**
  * Utility class for building metrics tags for load-balanced calls.
  *
  * @author Olga Maciaszek-Sharma
+ * @author Jaroslaw Dembek
  * @since 3.0.0
  */
 final class LoadBalancerTags {
 
 	static final String UNKNOWN = "UNKNOWN";
 
+	static final String URI_TEMPLATE_ATTRIBUTE = WebClient.class.getName() + ".uriTemplate";
+
 	private LoadBalancerTags() {
 		throw new UnsupportedOperationException("Cannot instantiate utility class");
 	}
@@ -70,6 +74,12 @@ private static int statusValue(ResponseData responseData) {
 	}
 
 	private static String getPath(RequestData requestData) {
+		if (requestData.getAttributes() != null) {
+			var uriTemplate = (String) requestData.getAttributes().get(URI_TEMPLATE_ATTRIBUTE);
+			if (uriTemplate != null) {
+				return uriTemplate;
+			}
+		}
 		return requestData.getUrl() != null ? requestData.getUrl().getPath() : UNKNOWN;
 	}
 
diff --git a/spring-cloud-loadbalancer/src/test/java/org/springframework/cloud/loadbalancer/stats/MicrometerStatsLoadBalancerLifecycleTests.java b/spring-cloud-loadbalancer/src/test/java/org/springframework/cloud/loadbalancer/stats/MicrometerStatsLoadBalancerLifecycleTests.java
index 49d8714c7..700aa7f92 100644
--- a/spring-cloud-loadbalancer/src/test/java/org/springframework/cloud/loadbalancer/stats/MicrometerStatsLoadBalancerLifecycleTests.java
+++ b/spring-cloud-loadbalancer/src/test/java/org/springframework/cloud/loadbalancer/stats/MicrometerStatsLoadBalancerLifecycleTests.java
@@ -18,6 +18,7 @@
 
 import java.net.URI;
 import java.util.HashMap;
+import java.util.Map;
 
 import io.micrometer.core.instrument.MeterRegistry;
 import io.micrometer.core.instrument.Tag;
@@ -43,11 +44,13 @@
 
 import static org.assertj.core.api.Assertions.assertThat;
 import static org.springframework.cloud.loadbalancer.stats.LoadBalancerTags.UNKNOWN;
+import static org.springframework.cloud.loadbalancer.stats.LoadBalancerTags.URI_TEMPLATE_ATTRIBUTE;
 
 /**
  * Tests for {@link MicrometerStatsLoadBalancerLifecycle}.
  *
  * @author Olga Maciaszek-Sharma
+ * @author Jaroslaw Dembek
  */
 class MicrometerStatsLoadBalancerLifecycleTests {
 
@@ -80,6 +83,34 @@ void shouldRecordSuccessfulTimedRequest() {
 				Tag.of("serviceInstance.port", "8080"), Tag.of("status", "200"), Tag.of("uri", "/test"));
 	}
 
+	@Test
+	void shouldRecordSuccessfulTimedRequestWithUriTemplate() {
+		Map<String, Object> attributes = new HashMap<>();
+		String uriTemplate = "/test/{pathParam}/test";
+		attributes.put(URI_TEMPLATE_ATTRIBUTE, uriTemplate);
+		RequestData requestData = new RequestData(HttpMethod.GET, URI.create("http://test.org/test/123/test"),
+				new HttpHeaders(), new HttpHeaders(), attributes);
+		Request<Object> lbRequest = new DefaultRequest<>(new RequestDataContext(requestData));
+		Response<ServiceInstance> lbResponse = new DefaultResponse(
+				new DefaultServiceInstance("test-1", "test", "test.org", 8080, false, new HashMap<>()));
+		ResponseData responseData = new ResponseData(HttpStatus.OK, new HttpHeaders(),
+				new MultiValueMapAdapter<>(new HashMap<>()), requestData);
+		statsLifecycle.onStartRequest(lbRequest, lbResponse);
+		assertThat(meterRegistry.get("loadbalancer.requests.active").gauge().value()).isEqualTo(1);
+
+		statsLifecycle.onComplete(
+				new CompletionContext<>(CompletionContext.Status.SUCCESS, lbRequest, lbResponse, responseData));
+
+		assertThat(meterRegistry.getMeters()).hasSize(2);
+		assertThat(meterRegistry.get("loadbalancer.requests.active").gauge().value()).isEqualTo(0);
+		assertThat(meterRegistry.get("loadbalancer.requests.success").timers()).hasSize(1);
+		assertThat(meterRegistry.get("loadbalancer.requests.success").timer().count()).isEqualTo(1);
+		assertThat(meterRegistry.get("loadbalancer.requests.success").timer().getId().getTags()).contains(
+				Tag.of("method", "GET"), Tag.of("outcome", "SUCCESS"), Tag.of("serviceId", "test"),
+				Tag.of("serviceInstance.host", "test.org"), Tag.of("serviceInstance.instanceId", "test-1"),
+				Tag.of("serviceInstance.port", "8080"), Tag.of("status", "200"), Tag.of("uri", uriTemplate));
+	}
+
 	@Test
 	void shouldRecordFailedTimedRequest() {
 		RequestData requestData = new RequestData(HttpMethod.GET, URI.create("http://test.org/test"), new HttpHeaders(),