$re = '/(.*?)<a .*?href=\"(.*?)\".*?>(.*?)</a>(.*)/m';
$str = 'This is <a href="www.google.com/search?q=2">hyperlink</a>. You can click this.';
$subst = "\1[\3](\2)\4";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php