diff --git a/packages/react/__tests__/__snapshots__/PublicAPI-test.js.snap b/packages/react/__tests__/__snapshots__/PublicAPI-test.js.snap
index f5adc03f59f9..60dcf5d7b2a5 100644
--- a/packages/react/__tests__/__snapshots__/PublicAPI-test.js.snap
+++ b/packages/react/__tests__/__snapshots__/PublicAPI-test.js.snap
@@ -6433,6 +6433,9 @@ Map {
       "className": Object {
         "type": "string",
       },
+      "decorator": Object {
+        "type": "node",
+      },
       "defaultChecked": Object {
         "type": "bool",
       },
@@ -6470,9 +6473,7 @@ Map {
       "required": Object {
         "type": "bool",
       },
-      "slug": Object {
-        "type": "node",
-      },
+      "slug": [Function],
       "value": Object {
         "args": Array [
           Array [
@@ -6498,6 +6499,9 @@ Map {
       "className": Object {
         "type": "string",
       },
+      "decorator": Object {
+        "type": "node",
+      },
       "defaultSelected": Object {
         "args": Array [
           Array [
@@ -6557,9 +6561,7 @@ Map {
       "required": Object {
         "type": "bool",
       },
-      "slug": Object {
-        "type": "node",
-      },
+      "slug": [Function],
       "valueSelected": Object {
         "args": Array [
           Array [
diff --git a/packages/react/src/components/RadioButton/RadioButton.stories.js b/packages/react/src/components/RadioButton/RadioButton.stories.js
index 052ee3f3544f..664b14843297 100644
--- a/packages/react/src/components/RadioButton/RadioButton.stories.js
+++ b/packages/react/src/components/RadioButton/RadioButton.stories.js
@@ -132,7 +132,7 @@ export const withAILabel = {
   render: () => (
     <div className="ai-label-check-radio-container">
       <RadioButtonGroup
-        slug={AILabelFunc('default')}
+        decorator={AILabelFunc('default')}
         orientation="vertical"
         legendText="Group label"
         name="radio-button-group"
@@ -163,13 +163,13 @@ export const withAILabel = {
           labelText="Radio button label"
           value="radio-4"
           id="radio-4"
-          slug={AILabelFunc()}
+          decorator={AILabelFunc()}
         />
         <RadioButton
           labelText="Radio button label"
           value="radio-5"
           id="radio-5"
-          slug={AILabelFunc()}
+          decorator={AILabelFunc()}
         />
         <RadioButton
           labelText="Radio button label"
@@ -187,13 +187,13 @@ export const withAILabel = {
           labelText="Radio button label"
           value="radio-7"
           id="radio-7"
-          slug={AILabelFunc('inline')}
+          decorator={AILabelFunc('inline')}
         />
         <RadioButton
           labelText="Radio button label"
           value="radio-8"
           id="radio-8"
-          slug={AILabelFunc('inline')}
+          decorator={AILabelFunc('inline')}
         />
         <RadioButton
           labelText="Radio button label"
diff --git a/packages/react/src/components/RadioButton/RadioButton.tsx b/packages/react/src/components/RadioButton/RadioButton.tsx
index 12b18f8f3cf3..e054451dff1d 100644
--- a/packages/react/src/components/RadioButton/RadioButton.tsx
+++ b/packages/react/src/components/RadioButton/RadioButton.tsx
@@ -6,9 +6,10 @@
  */
 
 import PropTypes from 'prop-types';
-import React, { ReactNode, useRef } from 'react';
+import React, { ReactElement, ReactNode, useRef } from 'react';
 import classNames from 'classnames';
 import { Text } from '../Text';
+import deprecate from '../../prop-types/deprecate';
 import { usePrefix } from '../../internal/usePrefix';
 import { useId } from '../../internal/useId';
 import mergeRefs from '../../tools/mergeRefs';
@@ -30,6 +31,11 @@ export interface RadioButtonProps
    */
   className?: string;
 
+  /**
+   * **Experimental**: Provide a `decorator` component to be rendered inside the `RadioButton` component
+   */
+  decorator?: ReactNode;
+
   /**
    * Specify whether the `<RadioButton>` should be checked by default
    */
@@ -83,6 +89,7 @@ export interface RadioButtonProps
   onClick?: (evt: React.MouseEvent<HTMLInputElement>) => void;
 
   /**
+   * @deprecated please use decorator instead.
    * **Experimental**: Provide a `Slug` component to be rendered inside the `RadioButton` component
    */
   slug?: ReactNode;
@@ -102,6 +109,7 @@ const RadioButton = React.forwardRef<HTMLInputElement, RadioButtonProps>(
   (props, ref) => {
     const {
       className,
+      decorator,
       disabled,
       hideLabel,
       id,
@@ -137,17 +145,29 @@ const RadioButton = React.forwardRef<HTMLInputElement, RadioButtonProps>(
         [`${prefix}--radio-button-wrapper--label-${labelPosition}`]:
           labelPosition !== 'right',
         [`${prefix}--radio-button-wrapper--slug`]: slug,
+        [`${prefix}--radio-button-wrapper--decorator`]: decorator,
       }
     );
 
     const inputRef = useRef<HTMLInputElement>(null);
 
-    let normalizedSlug: React.ReactElement | undefined;
-    if (slug && React.isValidElement(slug)) {
-      const size = slug.props?.['kind'] === 'inline' ? 'md' : 'mini';
-      normalizedSlug = React.cloneElement(slug as React.ReactElement<any>, {
-        size,
-      });
+    let normalizedDecorator = React.isValidElement(slug ?? decorator)
+      ? (slug ?? decorator)
+      : null;
+    if (
+      normalizedDecorator &&
+      normalizedDecorator['type']?.displayName === 'AILabel'
+    ) {
+      const size =
+        (normalizedDecorator as ReactElement).props?.['kind'] === 'inline'
+          ? 'md'
+          : 'mini';
+      normalizedDecorator = React.cloneElement(
+        normalizedDecorator as React.ReactElement<any>,
+        {
+          size,
+        }
+      );
     }
 
     return (
@@ -169,7 +189,16 @@ const RadioButton = React.forwardRef<HTMLInputElement, RadioButtonProps>(
           {labelText && (
             <Text className={innerLabelClasses}>
               {labelText}
-              {normalizedSlug}
+              {slug ? (
+                normalizedDecorator
+              ) : decorator ? (
+                <div
+                  className={`${prefix}--radio-button-wrapper-inner--decorator`}>
+                  {normalizedDecorator}
+                </div>
+              ) : (
+                ''
+              )}
             </Text>
           )}
         </label>
@@ -191,6 +220,11 @@ RadioButton.propTypes = {
    */
   className: PropTypes.string,
 
+  /**
+   * **Experimental**: Provide a decorator component to be rendered inside the `RadioButton` component
+   */
+  decorator: PropTypes.node,
+
   /**
    * Specify whether the `<RadioButton>` should be checked by default
    */
@@ -247,7 +281,10 @@ RadioButton.propTypes = {
   /**
    * **Experimental**: Provide a `Slug` component to be rendered inside the `RadioButton` component
    */
-  slug: PropTypes.node,
+  slug: deprecate(
+    PropTypes.node,
+    'The `slug` prop has been deprecated and will be removed in the next major version. Use the decorator prop instead.'
+  ),
 
   /**
    * Specify the value of the `<RadioButton>`
diff --git a/packages/react/src/components/RadioButton/__tests__/RadioButton-test.js b/packages/react/src/components/RadioButton/__tests__/RadioButton-test.js
index 0f228936ef62..489f60ccd718 100644
--- a/packages/react/src/components/RadioButton/__tests__/RadioButton-test.js
+++ b/packages/react/src/components/RadioButton/__tests__/RadioButton-test.js
@@ -136,7 +136,38 @@ describe('RadioButton', () => {
     expect(ref).toHaveBeenCalledWith(screen.getByRole('radio'));
   });
 
-  it('should respect slug prop', () => {
+  it('should respect decorator prop', () => {
+    const { container } = render(
+      <RadioButton
+        name="test-name"
+        value="test-value"
+        labelText="test-label"
+        decorator={<AILabel />}
+      />
+    );
+
+    expect(container.firstChild).toHaveClass(
+      `${prefix}--radio-button-wrapper--decorator`
+    );
+  });
+
+  it('should update AILabel size', () => {
+    const { container } = render(
+      <RadioButton
+        name="test-name"
+        value="test-value"
+        labelText="test-label"
+        decorator={<AILabel kind="inline" />}
+      />
+    );
+
+    expect(container.querySelector(`.${prefix}--ai-label__button`)).toHaveClass(
+      `${prefix}--ai-label__button--md`
+    );
+  });
+
+  it('should respect the deprecated slug prop', () => {
+    const spy = jest.spyOn(console, 'warn').mockImplementation(() => {});
     const { container } = render(
       <RadioButton
         name="test-name"
@@ -149,6 +180,7 @@ describe('RadioButton', () => {
     expect(container.firstChild).toHaveClass(
       `${prefix}--radio-button-wrapper--slug`
     );
+    spy.mockRestore();
   });
 
   it('should set the "required" attribute on the <input> by default', () => {
diff --git a/packages/react/src/components/RadioButtonGroup/RadioButtonGroup-test.js b/packages/react/src/components/RadioButtonGroup/RadioButtonGroup-test.js
index 12330a76eccf..7c08617bbe0f 100644
--- a/packages/react/src/components/RadioButtonGroup/RadioButtonGroup-test.js
+++ b/packages/react/src/components/RadioButtonGroup/RadioButtonGroup-test.js
@@ -233,7 +233,21 @@ describe('RadioButtonGroup', () => {
       );
     });
 
-    it('should respect slug prop', () => {
+    it('should respect decorator prop', () => {
+      const { container } = render(
+        <RadioButtonGroup decorator={<AILabel />} name="test" legendText="test">
+          <RadioButton labelText="test-1" value={1} />
+          <RadioButton labelText="test-0" value={0} />
+        </RadioButtonGroup>
+      );
+
+      expect(container.firstChild.firstChild).toHaveClass(
+        `${prefix}--radio-button-group--decorator`
+      );
+    });
+
+    it('should respect deprecated slug prop', () => {
+      const spy = jest.spyOn(console, 'warn').mockImplementation(() => {});
       const { container } = render(
         <RadioButtonGroup slug={<AILabel />} name="test" legendText="test">
           <RadioButton labelText="test-1" value={1} />
@@ -244,6 +258,7 @@ describe('RadioButtonGroup', () => {
       expect(container.firstChild.firstChild).toHaveClass(
         `${prefix}--radio-button-group--slug`
       );
+      spy.mockRestore();
     });
 
     it('should call `onChange` when the value of the group changes', async () => {
diff --git a/packages/react/src/components/RadioButtonGroup/RadioButtonGroup.tsx b/packages/react/src/components/RadioButtonGroup/RadioButtonGroup.tsx
index 3f5d0a65ab2b..8f85542c4bf3 100644
--- a/packages/react/src/components/RadioButtonGroup/RadioButtonGroup.tsx
+++ b/packages/react/src/components/RadioButtonGroup/RadioButtonGroup.tsx
@@ -18,6 +18,7 @@ import type { RadioButtonProps } from '../RadioButton';
 import { Legend } from '../Text';
 import { usePrefix } from '../../internal/usePrefix';
 import { WarningFilled, WarningAltFilled } from '@carbon/icons-react';
+import deprecate from '../../prop-types/deprecate';
 import mergeRefs from '../../tools/mergeRefs';
 import { useId } from '../../internal/useId';
 
@@ -40,6 +41,11 @@ export interface RadioButtonGroupProps
    */
   className?: string;
 
+  /**
+   * **Experimental**: Provide a decorator component to be rendered inside the `RadioButtonGroup` component
+   */
+  decorator?: ReactNode;
+
   /**
    * Specify the `<RadioButton>` to be selected by default
    */
@@ -102,6 +108,7 @@ export interface RadioButtonGroupProps
   readOnly?: boolean;
 
   /**
+   * @deprecated please use decorator instead.
    * **Experimental**: Provide a `Slug` component to be rendered inside the `RadioButtonGroup` component
    */
   slug?: ReactNode;
@@ -132,6 +139,7 @@ const RadioButtonGroup = React.forwardRef(
     const {
       children,
       className,
+      decorator,
       defaultSelected,
       disabled,
       helperText,
@@ -220,6 +228,7 @@ const RadioButtonGroup = React.forwardRef(
       [`${prefix}--radio-button-group--invalid`]: !readOnly && invalid,
       [`${prefix}--radio-button-group--warning`]: showWarning,
       [`${prefix}--radio-button-group--slug`]: slug,
+      [`${prefix}--radio-button-group--decorator`]: decorator,
     });
 
     const helperClasses = classNames(`${prefix}--form__helper-text`, {
@@ -238,13 +247,21 @@ const RadioButtonGroup = React.forwardRef(
 
     const divRef = useRef<HTMLDivElement>(null);
 
-    // Slug is always size `mini`
-    let normalizedSlug: ReactElement | undefined;
-    if (slug && slug['type']?.displayName === 'AILabel') {
-      normalizedSlug = React.cloneElement(slug as React.ReactElement<any>, {
-        size: 'mini',
-        kind: 'default',
-      });
+    // AILabel is always size `mini`
+    let normalizedDecorator = React.isValidElement(slug ?? decorator)
+      ? (slug ?? decorator)
+      : null;
+    if (
+      normalizedDecorator &&
+      normalizedDecorator['type']?.displayName === 'AILabel'
+    ) {
+      normalizedDecorator = React.cloneElement(
+        normalizedDecorator as React.ReactElement<any>,
+        {
+          size: 'mini',
+          kind: 'default',
+        }
+      );
     }
 
     return (
@@ -258,7 +275,16 @@ const RadioButtonGroup = React.forwardRef(
           {legendText && (
             <Legend className={`${prefix}--label`}>
               {legendText}
-              {normalizedSlug}
+              {slug ? (
+                normalizedDecorator
+              ) : decorator ? (
+                <div
+                  className={`${prefix}--radio-button-group-inner--decorator`}>
+                  {normalizedDecorator}
+                </div>
+              ) : (
+                ''
+              )}
             </Legend>
           )}
           {getRadioButtons()}
@@ -298,6 +324,11 @@ RadioButtonGroup.propTypes = {
    */
   className: PropTypes.string,
 
+  /**
+   * **Experimental**: Provide a decorator component to be rendered inside the `RadioButtonGroup` component
+   */
+  decorator: PropTypes.node,
+
   /**
    * Specify the `<RadioButton>` to be selected by default
    */
@@ -363,7 +394,10 @@ RadioButtonGroup.propTypes = {
   /**
    * **Experimental**: Provide a `Slug` component to be rendered inside the `RadioButtonGroup` component
    */
-  slug: PropTypes.node,
+  slug: deprecate(
+    PropTypes.node,
+    'The `slug` prop has been deprecated and will be removed in the next major version. Use the decorator prop instead.'
+  ),
 
   /**
    * Specify the value that is currently selected in the group
diff --git a/packages/styles/scss/components/radio-button/_radio-button.scss b/packages/styles/scss/components/radio-button/_radio-button.scss
index a3f542f29f84..8ecb9eadb497 100644
--- a/packages/styles/scss/components/radio-button/_radio-button.scss
+++ b/packages/styles/scss/components/radio-button/_radio-button.scss
@@ -289,12 +289,23 @@ $radio-border-width: 1px !default;
   }
 
   // AILabel styles
+  .#{$prefix}--radio-button-group--decorator legend.#{$prefix}--label,
+  .#{$prefix}--radio-button-wrapper--decorator
+    .#{$prefix}--radio-button__label-text,
   .#{$prefix}--radio-button-group--slug legend.#{$prefix}--label,
   .#{$prefix}--radio-button-wrapper--slug
     .#{$prefix}--radio-button__label-text {
     display: flex;
   }
 
+  .#{$prefix}--radio-button-group--decorator
+    legend.#{$prefix}--label
+    .#{$prefix}--radio-button-group-inner--decorator
+    > *,
+  .#{$prefix}--radio-button-wrapper--decorator
+    .#{$prefix}--radio-button__label-text
+    .#{$prefix}--radio-button-wrapper-inner--decorator
+    > *,
   .#{$prefix}--radio-button-group--slug
     legend.#{$prefix}--label
     .#{$prefix}--ai-label,
@@ -310,6 +321,9 @@ $radio-border-width: 1px !default;
     margin-inline-start: $spacing-03;
   }
 
+  .#{$prefix}--radio-button-wrapper--decorator
+    .#{$prefix}--radio-button__label-text
+    .#{$prefix}--ai-label__button--inline,
   .#{$prefix}--radio-button-wrapper--slug
     .#{$prefix}--radio-button__label-text
     .#{$prefix}--ai-label__button--inline,