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<?php $string = 'whatever text including some $text between delimiters$ and...'; $string_replaced = preg_replace_callback('/\$[^$]*\$/', function($m) { return preg_replace('~\s+~u', ':', $m[0]); }, $string); echo $string_replaced;
Output for 7.2.0 - 7.2.33, 7.3.0 - 7.3.33, 7.4.0 - 7.4.33, 8.0.0 - 8.0.30, 8.1.0 - 8.1.34, 8.2.0 - 8.2.32, 8.3.0 - 8.3.32, 8.4.1 - 8.4.24, 8.5.0 - 8.5.9
whatever text including some $text:between:delimiters$ and...

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