diff --git a/__tests__/restore.test.ts b/__tests__/restore.test.ts
index 4573ec8..faab1cd 100644
--- a/__tests__/restore.test.ts
+++ b/__tests__/restore.test.ts
@@ -396,6 +396,8 @@ test("restore with lookup-only set", async () => {
     expect(setCacheHitOutputMock).toHaveBeenCalledTimes(1);
     expect(setCacheHitOutputMock).toHaveBeenCalledWith("cache-hit", "true");
 
-    expect(infoMock).toHaveBeenCalledWith(`Cache restored from key: ${key}`);
+    expect(infoMock).toHaveBeenCalledWith(
+        `Cache would have been restored from key: ${key}`
+    );
     expect(failedMock).toHaveBeenCalledTimes(0);
 });
diff --git a/action.yml b/action.yml
index 1eb19b9..5c6fa87 100644
--- a/action.yml
+++ b/action.yml
@@ -23,7 +23,7 @@ inputs:
     default: 'false'
     required: false
   lookup-only:
-    description: 'Skip downloading cache. Only check if cache entry exists'
+    description: 'Check if a cache entry exists for the given input(s) (key, restore-keys) without downloading the cache'
     default: 'false'
     required: false
 outputs:
diff --git a/dist/restore-only/index.js b/dist/restore-only/index.js
index 70c54b8..c0c0214 100644
--- a/dist/restore-only/index.js
+++ b/dist/restore-only/index.js
@@ -50520,7 +50520,12 @@ function restoreImpl(stateProvider) {
             stateProvider.setState(constants_1.State.CacheMatchedKey, cacheKey);
             const isExactKeyMatch = utils.isExactKeyMatch(core.getInput(constants_1.Inputs.Key, { required: true }), cacheKey);
             core.setOutput(constants_1.Outputs.CacheHit, isExactKeyMatch.toString());
-            core.info(`Cache restored from key: ${cacheKey}`);
+            if (lookupOnly) {
+                core.info(`Cache would have been restored from key: ${cacheKey}`);
+            }
+            else {
+                core.info(`Cache restored from key: ${cacheKey}`);
+            }
             return cacheKey;
         }
         catch (error) {
diff --git a/dist/restore/index.js b/dist/restore/index.js
index e55e25b..83fc4f6 100644
--- a/dist/restore/index.js
+++ b/dist/restore/index.js
@@ -50520,7 +50520,12 @@ function restoreImpl(stateProvider) {
             stateProvider.setState(constants_1.State.CacheMatchedKey, cacheKey);
             const isExactKeyMatch = utils.isExactKeyMatch(core.getInput(constants_1.Inputs.Key, { required: true }), cacheKey);
             core.setOutput(constants_1.Outputs.CacheHit, isExactKeyMatch.toString());
-            core.info(`Cache restored from key: ${cacheKey}`);
+            if (lookupOnly) {
+                core.info(`Cache would have been restored from key: ${cacheKey}`);
+            }
+            else {
+                core.info(`Cache restored from key: ${cacheKey}`);
+            }
             return cacheKey;
         }
         catch (error) {
diff --git a/restore/README.md b/restore/README.md
index a0be630..6571aef 100644
--- a/restore/README.md
+++ b/restore/README.md
@@ -10,7 +10,7 @@ The restore action restores a cache. It works similarly to the `cache` action ex
 * `path` - A list of files, directories, and wildcard patterns to restore. See [`@actions/glob`](https://github.com/actions/toolkit/tree/main/packages/glob) for supported patterns.
 * `restore-keys` - An ordered list of prefix-matched keys to use for restoring stale cache if no cache hit occurred for key.
 * `fail-on-cache-miss` - Fail the workflow if cache entry is not found. Default: `false`
-* `lookup-only` - Skip downloading cache. Only check if cache entry exists. Default: `false`
+* `lookup-only` - Check if a cache entry exists for the given input(s) (key, restore-keys) without downloading the cache. Default: `false`
 
 ### Outputs
 
diff --git a/restore/action.yml b/restore/action.yml
index 6dbca00..21be5f0 100644
--- a/restore/action.yml
+++ b/restore/action.yml
@@ -20,7 +20,7 @@ inputs:
     default: 'false'
     required: false
   lookup-only:
-    description: 'Skip downloading cache. Only check if cache entry exists'
+    description: 'Check if a cache entry exists for the given input(s) (key, restore-keys) without downloading the cache'
     default: 'false'
     required: false
 outputs:
diff --git a/src/restoreImpl.ts b/src/restoreImpl.ts
index 048d9fa..275a971 100644
--- a/src/restoreImpl.ts
+++ b/src/restoreImpl.ts
@@ -70,7 +70,11 @@ async function restoreImpl(
         );
 
         core.setOutput(Outputs.CacheHit, isExactKeyMatch.toString());
-        core.info(`Cache restored from key: ${cacheKey}`);
+        if (lookupOnly) {
+            core.info(`Cache would have been restored from key: ${cacheKey}`);
+        } else {
+            core.info(`Cache restored from key: ${cacheKey}`);
+        }
 
         return cacheKey;
     } catch (error: unknown) {