diff --git a/src/generic/delete-modal/DeleteModal.jsx b/src/generic/delete-modal/DeleteModal.jsx
index c7a22c5d9e..3384c0f3bc 100644
--- a/src/generic/delete-modal/DeleteModal.jsx
+++ b/src/generic/delete-modal/DeleteModal.jsx
@@ -18,6 +18,7 @@ const DeleteModal = ({
   description,
   variant,
   btnLabel,
+  icon,
 }) => {
   const intl = useIntl();
 
@@ -31,6 +32,7 @@ const DeleteModal = ({
       isOpen={isOpen}
       onClose={close}
       variant={variant}
+      icon={icon}
       footerNode={(
         <ActionRow>
           <Button
@@ -65,6 +67,7 @@ DeleteModal.defaultProps = {
   description: '',
   variant: 'default',
   btnLabel: '',
+  icon: null,
 };
 
 DeleteModal.propTypes = {
@@ -73,9 +76,13 @@ DeleteModal.propTypes = {
   category: PropTypes.string,
   onDeleteSubmit: PropTypes.func.isRequired,
   title: PropTypes.string,
-  description: PropTypes.string,
+  description: PropTypes.oneOfType([
+    PropTypes.element,
+    PropTypes.string,
+  ]),
   variant: PropTypes.string,
   btnLabel: PropTypes.string,
+  icon: PropTypes.elementType,
 };
 
 export default DeleteModal;
diff --git a/src/library-authoring/components/ComponentDeleter.test.tsx b/src/library-authoring/components/ComponentDeleter.test.tsx
index ed0e62543a..315228616c 100644
--- a/src/library-authoring/components/ComponentDeleter.test.tsx
+++ b/src/library-authoring/components/ComponentDeleter.test.tsx
@@ -1,3 +1,4 @@
+import type { ToastActionData } from '../../generic/toast-context';
 import {
   fireEvent,
   render,
@@ -6,12 +7,15 @@ import {
   waitFor,
 } from '../../testUtils';
 import { SidebarProvider } from '../common/context/SidebarContext';
-import { mockContentLibrary, mockDeleteLibraryBlock, mockLibraryBlockMetadata } from '../data/api.mocks';
+import {
+  mockContentLibrary, mockDeleteLibraryBlock, mockLibraryBlockMetadata, mockRestoreLibraryBlock,
+} from '../data/api.mocks';
 import ComponentDeleter from './ComponentDeleter';
 
 mockContentLibrary.applyMock(); // Not required, but avoids 404 errors in the logs when <LibraryProvider> loads data
 mockLibraryBlockMetadata.applyMock();
 const mockDelete = mockDeleteLibraryBlock.applyMock();
+const mockRestore = mockRestoreLibraryBlock.applyMock();
 
 const usageKey = mockLibraryBlockMetadata.usageKeyPublished;
 
@@ -19,9 +23,12 @@ const renderArgs = {
   extraWrapper: SidebarProvider,
 };
 
+let mockShowToast: { (message: string, action?: ToastActionData | undefined): void; mock?: any; };
+
 describe('<ComponentDeleter />', () => {
   beforeEach(() => {
-    initializeMocks();
+    const mocks = initializeMocks();
+    mockShowToast = mocks.mockShowToast;
   });
 
   it('is invisible when isConfirmingDelete is false', async () => {
@@ -48,7 +55,7 @@ describe('<ComponentDeleter />', () => {
     expect(mockCancel).toHaveBeenCalled();
   });
 
-  it('deletes the block when confirmed', async () => {
+  it('deletes the block when confirmed, shows a toast with undo option and restores block on undo', async () => {
     const mockCancel = jest.fn();
     render(<ComponentDeleter usageKey={usageKey} isConfirmingDelete cancelDelete={mockCancel} />, renderArgs);
 
@@ -61,5 +68,13 @@ describe('<ComponentDeleter />', () => {
       expect(mockDelete).toHaveBeenCalled();
     });
     expect(mockCancel).toHaveBeenCalled(); // In order to close the modal, this also gets called.
+    expect(mockShowToast).toHaveBeenCalled();
+    // Get restore / undo func from the toast
+    const restoreFn = mockShowToast.mock.calls[0][1].onClick;
+    restoreFn();
+    await waitFor(() => {
+      expect(mockRestore).toHaveBeenCalled();
+      expect(mockShowToast).toHaveBeenCalledWith('Undo successful');
+    });
   });
 });
diff --git a/src/library-authoring/components/ComponentDeleter.tsx b/src/library-authoring/components/ComponentDeleter.tsx
index f5b85e7f4a..2ea3a99e8e 100644
--- a/src/library-authoring/components/ComponentDeleter.tsx
+++ b/src/library-authoring/components/ComponentDeleter.tsx
@@ -1,15 +1,12 @@
-import React from 'react';
+import React, { useCallback, useContext } from 'react';
 import { FormattedMessage, useIntl } from '@edx/frontend-platform/i18n';
-import {
-  ActionRow,
-  AlertModal,
-  Button,
-} from '@openedx/paragon';
 import { Warning } from '@openedx/paragon/icons';
 
 import { useSidebarContext } from '../common/context/SidebarContext';
-import { useDeleteLibraryBlock, useLibraryBlockMetadata } from '../data/apiHooks';
+import { useDeleteLibraryBlock, useLibraryBlockMetadata, useRestoreLibraryBlock } from '../data/apiHooks';
 import messages from './messages';
+import { ToastContext } from '../../generic/toast-context';
+import DeleteModal from '../../generic/delete-modal/DeleteModal';
 
 /**
  * Helper component to load and display the name of the block.
@@ -35,11 +32,29 @@ interface Props {
 const ComponentDeleter = ({ usageKey, ...props }: Props) => {
   const intl = useIntl();
   const { sidebarComponentInfo, closeLibrarySidebar } = useSidebarContext();
+  const { showToast } = useContext(ToastContext);
   const sidebarComponentUsageKey = sidebarComponentInfo?.id;
 
+  const restoreComponentMutation = useRestoreLibraryBlock();
+  const restoreComponent = useCallback(async () => {
+    try {
+      await restoreComponentMutation.mutateAsync({ usageKey });
+      showToast(intl.formatMessage(messages.undoDeleteComponentToastSuccess));
+    } catch (e) {
+      showToast(intl.formatMessage(messages.undoDeleteComponentToastFailed));
+    }
+  }, []);
+
   const deleteComponentMutation = useDeleteLibraryBlock();
-  const doDelete = React.useCallback(() => {
-    deleteComponentMutation.mutateAsync({ usageKey });
+  const doDelete = React.useCallback(async () => {
+    await deleteComponentMutation.mutateAsync({ usageKey });
+    showToast(
+      intl.formatMessage(messages.deleteComponentSuccess),
+      {
+        label: intl.formatMessage(messages.undoDeleteCollectionToastAction),
+        onClick: restoreComponent,
+      },
+    );
     props.cancelDelete();
     // Close the sidebar if it's still open showing the deleted component:
     if (usageKey === sidebarComponentUsageKey) {
@@ -52,20 +67,13 @@ const ComponentDeleter = ({ usageKey, ...props }: Props) => {
   }
 
   return (
-    <AlertModal
-      title={intl.formatMessage(messages.deleteComponentWarningTitle)}
+    <DeleteModal
       isOpen
-      onClose={props.cancelDelete}
+      close={props.cancelDelete}
       variant="warning"
+      title={intl.formatMessage(messages.deleteComponentWarningTitle)}
       icon={Warning}
-      footerNode={(
-        <ActionRow>
-          <Button variant="tertiary" onClick={props.cancelDelete}><FormattedMessage {...messages.deleteComponentCancelButton} /></Button>
-          <Button variant="danger" onClick={doDelete}><FormattedMessage {...messages.deleteComponentButton} /></Button>
-        </ActionRow>
-      )}
-    >
-      <p>
+      description={(
         <FormattedMessage
           {...messages.deleteComponentConfirm}
           values={{
@@ -74,8 +82,9 @@ const ComponentDeleter = ({ usageKey, ...props }: Props) => {
             ),
           }}
         />
-      </p>
-    </AlertModal>
+)}
+      onDeleteSubmit={doDelete}
+    />
   );
 };
 
diff --git a/src/library-authoring/components/messages.ts b/src/library-authoring/components/messages.ts
index b591d956f5..0e466736e6 100644
--- a/src/library-authoring/components/messages.ts
+++ b/src/library-authoring/components/messages.ts
@@ -73,7 +73,7 @@ const messages = defineMessages({
   },
   deleteComponentConfirm: {
     id: 'course-authoring.library-authoring.component.delete-confirmation-text',
-    defaultMessage: 'Delete {componentName} permanently? If this component has been used in a course, those copies won\'t be deleted, but they will no longer receive updates from the library.',
+    defaultMessage: 'Delete {componentName}? If this component has been used in a course, those copies won\'t be deleted, but they will no longer receive updates from the library.',
     description: 'Confirmation text to display before deleting a component',
   },
   deleteComponentCancelButton: {
@@ -86,6 +86,26 @@ const messages = defineMessages({
     defaultMessage: 'Delete',
     description: 'Button to confirm deletion of a component',
   },
+  deleteComponentSuccess: {
+    id: 'course-authoring.library-authoring.component.delete-error-success',
+    defaultMessage: 'Component deleted',
+    description: 'Message to display on delete component success',
+  },
+  undoDeleteComponentToastAction: {
+    id: 'course-authoring.library-authoring.component.undo-delete-component-toast-button',
+    defaultMessage: 'Undo',
+    description: 'Toast message to undo deletion of component',
+  },
+  undoDeleteComponentToastSuccess: {
+    id: 'course-authoring.library-authoring.component.undo-delete-component-toast-text',
+    defaultMessage: 'Undo successful',
+    description: 'Message to display on undo delete component success',
+  },
+  undoDeleteComponentToastFailed: {
+    id: 'course-authoring.library-authoring.component.undo-delete-component-failed',
+    defaultMessage: 'Failed to undo delete component operation',
+    description: 'Message to display on failure to undo delete component',
+  },
   deleteCollection: {
     id: 'course-authoring.library-authoring.collection.delete-menu-text',
     defaultMessage: 'Delete',
diff --git a/src/library-authoring/data/api.mocks.ts b/src/library-authoring/data/api.mocks.ts
index bfd4d81ef5..0e064f8a0f 100644
--- a/src/library-authoring/data/api.mocks.ts
+++ b/src/library-authoring/data/api.mocks.ts
@@ -243,6 +243,17 @@ mockDeleteLibraryBlock.applyMock = () => (
   jest.spyOn(api, 'deleteLibraryBlock').mockImplementation(mockDeleteLibraryBlock)
 );
 
+/**
+ * Mock for `restoreLibraryBlock()`
+ */
+export async function mockRestoreLibraryBlock(): ReturnType<typeof api.restoreLibraryBlock> {
+  // no-op
+}
+/** Apply this mock. Returns a spy object that can tell you if it's been called. */
+mockRestoreLibraryBlock.applyMock = () => (
+  jest.spyOn(api, 'restoreLibraryBlock').mockImplementation(mockRestoreLibraryBlock)
+);
+
 /**
  * Mock for `getXBlockFields()`
  *
diff --git a/src/library-authoring/data/api.test.ts b/src/library-authoring/data/api.test.ts
index 9cace9b3ae..86a5249905 100644
--- a/src/library-authoring/data/api.test.ts
+++ b/src/library-authoring/data/api.test.ts
@@ -29,6 +29,17 @@ describe('library data API', () => {
     });
   });
 
+  describe('restoreLibraryBlock', () => {
+    it('should restore a soft-deleted library block', async () => {
+      const { axiosMock } = initializeMocks();
+      const usageKey = 'lib:org:1';
+      const url = api.getLibraryBlockRestoreUrl(usageKey);
+      axiosMock.onPost(url).reply(200);
+      await api.restoreLibraryBlock({ usageKey });
+      expect(axiosMock.history.post[0].url).toEqual(url);
+    });
+  });
+
   describe('commitLibraryChanges', () => {
     it('should commit library changes', async () => {
       const { axiosMock } = initializeMocks();
diff --git a/src/library-authoring/data/api.ts b/src/library-authoring/data/api.ts
index 35615df1c6..6432aaafd3 100644
--- a/src/library-authoring/data/api.ts
+++ b/src/library-authoring/data/api.ts
@@ -29,6 +29,11 @@ export const getLibraryTeamMemberApiUrl = (libraryId: string, username: string)
  */
 export const getLibraryBlockMetadataUrl = (usageKey: string) => `${getApiBaseUrl()}/api/libraries/v2/blocks/${usageKey}/`;
 
+/**
+ * Get the URL for restoring deleted library block.
+ */
+export const getLibraryBlockRestoreUrl = (usageKey: string) => `${getLibraryBlockMetadataUrl(usageKey)}restore/`;
+
 /**
  * Get the URL for library block metadata.
  */
@@ -281,6 +286,11 @@ export async function deleteLibraryBlock({ usageKey }: DeleteBlockDataRequest):
   await client.delete(getLibraryBlockMetadataUrl(usageKey));
 }
 
+export async function restoreLibraryBlock({ usageKey }: DeleteBlockDataRequest): Promise<void> {
+  const client = getAuthenticatedHttpClient();
+  await client.post(getLibraryBlockRestoreUrl(usageKey));
+}
+
 /**
  * Update library metadata.
  */
diff --git a/src/library-authoring/data/apiHooks.ts b/src/library-authoring/data/apiHooks.ts
index 549e211b8f..46cd148925 100644
--- a/src/library-authoring/data/apiHooks.ts
+++ b/src/library-authoring/data/apiHooks.ts
@@ -44,6 +44,7 @@ import {
   removeComponentsFromCollection,
   publishXBlock,
   deleteXBlockAsset,
+  restoreLibraryBlock,
 } from './api';
 import { VersionSpec } from '../LibraryBlock';
 
@@ -115,6 +116,7 @@ export function invalidateComponentData(queryClient: QueryClient, contentLibrary
   queryClient.invalidateQueries({ queryKey: xblockQueryKeys.xblockFields(usageKey) });
   queryClient.invalidateQueries({ queryKey: xblockQueryKeys.componentMetadata(usageKey) });
   // The description and display name etc. may have changed, so refresh everything in the library too:
+  // This might fail in case this helper is called after deleting the block.
   queryClient.invalidateQueries({ queryKey: libraryAuthoringQueryKeys.contentLibrary(contentLibraryId) });
   queryClient.invalidateQueries({ predicate: (query) => libraryQueryPredicate(query, contentLibraryId) });
 }
@@ -158,6 +160,20 @@ export const useDeleteLibraryBlock = () => {
   });
 };
 
+/**
+ * Use this mutation to restore a deleted block in a library
+ */
+export const useRestoreLibraryBlock = () => {
+  const queryClient = useQueryClient();
+  return useMutation({
+    mutationFn: restoreLibraryBlock,
+    onSettled: (_data, _error, variables) => {
+      const libraryId = getLibraryId(variables.usageKey);
+      invalidateComponentData(queryClient, libraryId, variables.usageKey);
+    },
+  });
+};
+
 export const useUpdateLibraryMetadata = () => {
   const queryClient = useQueryClient();
   return useMutation({