$re = '~<a href="(?!https?://)[^"]+">(.*?)</a>~';
$str = 'This string contains a <a href="/local/link.html">local link</a> and a <a href="http://remo.te/link.com">remote link</a>';
$subst = "$1";
$result = preg_replace($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