diff --git a/python/psi-api/src/com/jetbrains/python/PyTokenTypes.java b/python/psi-api/src/com/jetbrains/python/PyTokenTypes.java
index 8e1e393109a4..6235cbe1246d 100644
--- a/python/psi-api/src/com/jetbrains/python/PyTokenTypes.java
+++ b/python/psi-api/src/com/jetbrains/python/PyTokenTypes.java
@@ -186,4 +186,12 @@ public class PyTokenTypes {
   public static final PyElementType FSTRING_FRAGMENT_END = new PyElementType("FSTRING_FRAGMENT_END");
   public static final PyElementType FSTRING_FRAGMENT_FORMAT_START = new PyElementType("FSTRING_FRAGMENT_FORMAT_START");
   public static final PyElementType FSTRING_FRAGMENT_TYPE_CONVERSION = new PyElementType("FSTRING_FRAGMENT_TYPE_CONVERSION");
+
+  public static final TokenSet FSTRING_TOKENS = TokenSet.create(FSTRING_TEXT,
+                                                                FSTRING_START,
+                                                                FSTRING_END,
+                                                                FSTRING_FRAGMENT_START,
+                                                                FSTRING_FRAGMENT_END,
+                                                                FSTRING_FRAGMENT_FORMAT_START,
+                                                                FSTRING_FRAGMENT_TYPE_CONVERSION);
 }
diff --git a/python/src/com/jetbrains/python/PythonParserDefinition.java b/python/src/com/jetbrains/python/PythonParserDefinition.java
index d829f7658784..34a460ec4138 100644
--- a/python/src/com/jetbrains/python/PythonParserDefinition.java
+++ b/python/src/com/jetbrains/python/PythonParserDefinition.java
@@ -53,7 +53,7 @@ public class PythonParserDefinition implements ParserDefinition {
   @Override
   @NotNull
   public TokenSet getStringLiteralElements() {
-    return TokenSet.orSet(PyTokenTypes.STRING_NODES, TokenSet.create(PyElementTypes.STRING_LITERAL_EXPRESSION));
+    return TokenSet.orSet(PyTokenTypes.STRING_NODES, PyTokenTypes.FSTRING_TOKENS);
   }
 
   @Override
diff --git a/python/testData/refactoring/rename/referencesInsideFStringsNotReportedAsStringOccurrences.py b/python/testData/refactoring/rename/referencesInsideFStringsNotReportedAsStringOccurrences.py
new file mode 100644
index 000000000000..9dad5d1d0724
--- /dev/null
+++ b/python/testData/refactoring/rename/referencesInsideFStringsNotReportedAsStringOccurrences.py
@@ -0,0 +1,3 @@
+def func():
+    v<caret>ar = 42
+    s = f'{var}'
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/refactoring/PyRenameTest.java b/python/testSrc/com/jetbrains/python/refactoring/PyRenameTest.java
index 77175b277f88..ed476a3a8fa6 100644
--- a/python/testSrc/com/jetbrains/python/refactoring/PyRenameTest.java
+++ b/python/testSrc/com/jetbrains/python/refactoring/PyRenameTest.java
@@ -5,15 +5,20 @@ import com.intellij.codeInsight.TargetElementUtil;
 import com.intellij.openapi.vfs.VirtualFile;
 import com.intellij.psi.PsiDocumentManager;
 import com.intellij.psi.PsiElement;
+import com.intellij.psi.search.GlobalSearchScope;
 import com.intellij.refactoring.BaseRefactoringProcessor;
+import com.intellij.refactoring.util.TextOccurrencesUtil;
 import com.intellij.testFramework.PlatformTestUtil;
 import com.intellij.util.IncorrectOperationException;
 import com.jetbrains.python.PythonTestUtil;
 import com.jetbrains.python.documentation.docstrings.DocStringFormat;
 import com.jetbrains.python.fixtures.PyTestCase;
 import com.jetbrains.python.psi.LanguageLevel;
+import com.jetbrains.python.psi.PyTargetExpression;
 
 import java.io.IOException;
+import java.util.ArrayList;
+import java.util.List;
 
 /**
  * @author yole
@@ -323,6 +328,19 @@ public class PyRenameTest extends PyTestCase {
     assertEquals("foo_bar_baz", PyNameSuggestionProvider.toUnderscores("foo_BarBAZ"));
   }
 
+  // PY-27749
+  public void testReferencesInsideFStringsNotReportedAsStringOccurrences() {
+    myFixture.configureByFile(RENAME_DATA_PATH + getTestName(true) + ".py");
+    final PyTargetExpression attr = (PyTargetExpression)myFixture.getElementAtCaret();
+    final GlobalSearchScope singleFileScope = GlobalSearchScope.fileScope(myFixture.getFile());
+    final List<PsiElement> found = new ArrayList<>();
+    TextOccurrencesUtil.processUsagesInStringsAndComments(attr, singleFileScope, attr.getName(), true, (psiElement, textRange) -> {
+      found.add(psiElement);
+      return true;
+    });
+    assertEmpty(found);
+  }
+
   private void renameWithDocStringFormat(DocStringFormat format, final String newName) {
     runWithDocStringFormat(format, () -> doTest(newName));
   }