A power closure latch assembly with a manually actuatable release link, vehicle door therewith and method of allowing a power actuatable closure latch assembly to be converted for selective manual actuation is provided. The release link is configured to operably communicate an actuator lever with a release lever for conjoint movement therebetween, to provide power-assisted movement of a pawl between ratchet releasing and ratchet holding positions, when the release link is in a “normal” first operating position. The release link is further configured to allow the release lever to move independently from the actuator lever when the release link is in a manually deployed “override/reset” second position to provide spring-biased movement of the pawl from the ratchet releasing position back to the ratchet holding position.