diff --git a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/state/parameter-context-listing/parameter-context-listing.effects.ts b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/state/parameter-context-listing/parameter-context-listing.effects.ts
index f161e03056..6da70b863d 100644
--- a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/state/parameter-context-listing/parameter-context-listing.effects.ts
+++ b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/state/parameter-context-listing/parameter-context-listing.effects.ts
@@ -59,7 +59,7 @@ import { ErrorHelper } from '../../../../service/error-helper.service';
 import { HttpErrorResponse } from '@angular/common/http';
 import { isDefinedAndNotNull, MEDIUM_DIALOG, SMALL_DIALOG, XL_DIALOG } from 'libs/shared/src';
 import { BackNavigation } from '../../../../state/navigation';
-import { Storage, NiFiCommon } from '@nifi/shared';
+import { NiFiCommon, Storage } from '@nifi/shared';
 
 @Injectable()
 export class ParameterContextListingEffects {
diff --git a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/edit-parameter-context/edit-parameter-context.component.ts b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/edit-parameter-context/edit-parameter-context.component.ts
index bd4726901f..328e35154f 100644
--- a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/edit-parameter-context/edit-parameter-context.component.ts
+++ b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/edit-parameter-context/edit-parameter-context.component.ts
@@ -167,6 +167,16 @@ export class EditParameterContext extends TabbedDialog {
                 this.parameters = [];
             }
 
+            // The backend api doesn't support providing both a parameter value and referenced assets
+            // even though it returns both from the GET api. We must strip the value out if there are
+            // referenced assets.
+            const updatedParameters: ParameterEntity[] = this.parameters.slice();
+            updatedParameters.forEach((parameter: ParameterEntity) => {
+                if ((parameter.parameter.referencedAssets || []).length > 0) {
+                    parameter.parameter.value = null;
+                }
+            });
+
             const payload: any = {
                 revision: this.client.getRevision(pc),
                 disconnectedNodeAcknowledged: this.clusterConnectionService.isDisconnectionAcknowledged(),
@@ -175,7 +185,7 @@ export class EditParameterContext extends TabbedDialog {
                     id: pc.id,
                     name: this.editParameterContextForm.get('name')?.value,
                     description: this.editParameterContextForm.get('description')?.value,
-                    parameters: this.parameters,
+                    parameters: updatedParameters,
                     inheritedParameterContexts: this.editParameterContextForm.get('inheritedParameterContexts')?.value
                 }
             };
diff --git a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/parameter-table/parameter-table.component.ts b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/parameter-table/parameter-table.component.ts
index bfa87009ae..70f10fbb30 100644
--- a/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/parameter-table/parameter-table.component.ts
+++ b/nifi-frontend/src/main/frontend/apps/nifi/src/app/pages/parameter-contexts/ui/parameter-context-listing/parameter-table/parameter-table.component.ts
@@ -309,6 +309,10 @@ export class ParameterTable implements AfterViewInit, ControlValueAccessor {
                     item.entity.parameter.valueRemoved = parameter.valueRemoved;
                     item.dirty = true;
 
+                    if (valueChanged) {
+                        item.entity.parameter.referencedAssets = undefined;
+                    }
+
                     this.handleChanged();
                 }
             });
@@ -368,7 +372,8 @@ export class ParameterTable implements AfterViewInit, ControlValueAccessor {
                             sensitive: item.entity.parameter.sensitive,
                             description: item.entity.parameter.description,
                             value: item.entity.parameter.value,
-                            valueRemoved: item.entity.parameter.valueRemoved
+                            valueRemoved: item.entity.parameter.valueRemoved,
+                            referencedAssets: item.entity.parameter.referencedAssets
                         }
                     };
                 }
diff --git a/nifi-frontend/src/main/frontend/apps/nifi/src/app/state/shared/index.ts b/nifi-frontend/src/main/frontend/apps/nifi/src/app/state/shared/index.ts
index 5deab78f2c..3c1fddbbc3 100644
--- a/nifi-frontend/src/main/frontend/apps/nifi/src/app/state/shared/index.ts
+++ b/nifi-frontend/src/main/frontend/apps/nifi/src/app/state/shared/index.ts
@@ -312,6 +312,11 @@ export interface BulletinEntity {
     };
 }
 
+export interface ReferencedAsset {
+    id: string;
+    name: string;
+}
+
 export interface ParameterEntity {
     canWrite?: boolean;
     parameter: Parameter;
@@ -327,6 +332,7 @@ export interface Parameter {
     referencingComponents?: AffectedComponentEntity[];
     parameterContext?: ParameterContextReferenceEntity;
     inherited?: boolean;
+    referencedAssets?: ReferencedAsset[];
 }
 
 export interface ParameterContextEntity {
diff --git a/nifi-frontend/src/main/frontend/apps/nifi/src/app/ui/common/edit-parameter-dialog/edit-parameter-dialog.component.ts b/nifi-frontend/src/main/frontend/apps/nifi/src/app/ui/common/edit-parameter-dialog/edit-parameter-dialog.component.ts
index 0128521448..171879375f 100644
--- a/nifi-frontend/src/main/frontend/apps/nifi/src/app/ui/common/edit-parameter-dialog/edit-parameter-dialog.component.ts
+++ b/nifi-frontend/src/main/frontend/apps/nifi/src/app/ui/common/edit-parameter-dialog/edit-parameter-dialog.component.ts
@@ -17,7 +17,7 @@
 
 import { Component, EventEmitter, Inject, Input, Output } from '@angular/core';
 import { MAT_DIALOG_DATA, MatDialogModule } from '@angular/material/dialog';
-import { EditParameterRequest, EditParameterResponse, Parameter } from '../../../state/shared';
+import { EditParameterRequest, EditParameterResponse, Parameter, ReferencedAsset } from '../../../state/shared';
 import { MatButtonModule } from '@angular/material/button';
 import {
     AbstractControl,
@@ -68,6 +68,8 @@ export class EditParameterDialog extends CloseOnEscapeDialog {
     editParameterForm: FormGroup;
     isNew: boolean;
 
+    private originalParameter: Parameter | undefined = undefined;
+
     constructor(
         @Inject(MAT_DIALOG_DATA) public request: EditParameterRequest,
         private formBuilder: FormBuilder
@@ -77,6 +79,7 @@ export class EditParameterDialog extends CloseOnEscapeDialog {
         // seed the form for the new parameter. when existingParameters are not specified, this is the
         // existing parameter that populates the form
         const parameter: Parameter | undefined = request.parameter;
+        this.originalParameter = parameter;
 
         const validators: any[] = [Validators.required];
         if (request.existingParameters) {
@@ -162,6 +165,11 @@ export class EditParameterDialog extends CloseOnEscapeDialog {
     okClicked(): void {
         const value: string = this.editParameterForm.get('value')?.value;
         const empty: boolean = this.editParameterForm.get('empty')?.value;
+        let referencedAssets: ReferencedAsset[] | undefined = undefined;
+
+        if (this.originalParameter) {
+            referencedAssets = this.originalParameter.referencedAssets;
+        }
 
         this.editParameter.next({
             parameter: {
@@ -169,7 +177,8 @@ export class EditParameterDialog extends CloseOnEscapeDialog {
                 value: value === '' && !empty ? null : value,
                 valueRemoved: value === '' && !empty,
                 sensitive: this.editParameterForm.get('sensitive')?.value,
-                description: this.editParameterForm.get('description')?.value
+                description: this.editParameterForm.get('description')?.value,
+                referencedAssets
             }
         });
     }