Product Name In Language Variable

Is there a way to pass product name in a language variable? Specifically in the a href like

Is there a way to pass product name in a language variable? Specifically in the a href like

For example, you can add [PRODUCT] placeholder to the language variable. E.g.

Product [PRODUCT] has been updated

Then use the following code in the template:

{__('your_language_variable')|replace:"[PRODUCT]":$product.product}

In which template should I add it?

In which template should I add it?

I have no idea where do you want to use this feature and display corresponding language variable