diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4c7729f34..b5c716810 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -82,6 +82,7 @@ Docs: https://docs.openclaw.ai
 - Dashboard/Sessions: allow authenticated Control UI clients to delete and patch sessions while still blocking regular webchat clients from session mutation RPCs, fixing Dashboard session delete failures. (#21264) Thanks @jskoiz.
 - TUI/Session model status: clear stale runtime model identity when model overrides change so `/model` updates are reflected immediately in `sessions.patch` responses and `sessions.list` status surfaces. (#28619) Thanks @lejean2000.
 - Memory/Hybrid recall: when strict hybrid scoring yields no hits, preserve keyword-backed matches using a text-weight floor so freshly indexed lexical canaries no longer disappear behind `minScore` filtering. (#29112) Thanks @ceo-nada.
+- Agents/Sessions list transcript paths: resolve `sessions_list` `transcriptPath` via agent-aware session path options and ignore combined-store sentinel paths (`(multiple)`) so listed transcript paths always point to the state directory. (#28379) Thanks @fafuzuoluo.
 - Podman/Quadlet setup: fix `sed` escaping and UID mismatch in Podman Quadlet setup. (#26414) Thanks @KnHack and @vincentkoc.
 - Browser/Navigate: resolve the correct `targetId` in navigate responses after renderer swaps. (#25326) Thanks @stone-jin and @vincentkoc.
 - Agents/Ollama discovery: skip Ollama discovery when explicit models are configured. (#28827) Thanks @Kansodata and @vincentkoc.
diff --git a/src/agents/openclaw-tools.sessions.test.ts b/src/agents/openclaw-tools.sessions.test.ts
index 753426a4c..4baa4794a 100644
--- a/src/agents/openclaw-tools.sessions.test.ts
+++ b/src/agents/openclaw-tools.sessions.test.ts
@@ -1,3 +1,4 @@
+import path from "node:path";
 import { beforeAll, beforeEach, describe, expect, it, vi } from "vitest";
 import {
   addSubagentRunForTests,
@@ -171,6 +172,46 @@ describe("sessions tools", () => {
     expect(cronDetails.sessions?.[0]?.kind).toBe("cron");
   });
 
+  it("sessions_list resolves transcriptPath from agent state dir for multi-store listings", async () => {
+    callGatewayMock.mockImplementation(async (opts: unknown) => {
+      const request = opts as { method?: string };
+      if (request.method === "sessions.list") {
+        return {
+          path: "(multiple)",
+          sessions: [
+            {
+              key: "main",
+              kind: "direct",
+              sessionId: "sess-main",
+              updatedAt: 12,
+            },
+          ],
+        };
+      }
+      return {};
+    });
+
+    const tool = createOpenClawTools().find((candidate) => candidate.name === "sessions_list");
+    expect(tool).toBeDefined();
+    if (!tool) {
+      throw new Error("missing sessions_list tool");
+    }
+
+    const result = await tool.execute("call2b", {});
+    const details = result.details as {
+      sessions?: Array<{
+        key?: string;
+        transcriptPath?: string;
+      }>;
+    };
+    const main = details.sessions?.find((session) => session.key === "main");
+    expect(typeof main?.transcriptPath).toBe("string");
+    expect(main?.transcriptPath).not.toContain("(multiple)");
+    expect(main?.transcriptPath).toContain(
+      path.join("agents", "main", "sessions", "sess-main.jsonl"),
+    );
+  });
+
   it("sessions_history filters tool messages by default", async () => {
     callGatewayMock.mockImplementation(async (opts: unknown) => {
       const request = opts as { method?: string };
diff --git a/src/agents/tools/sessions-list-tool.ts b/src/agents/tools/sessions-list-tool.ts
index bf16bbff3..73a25a681 100644
--- a/src/agents/tools/sessions-list-tool.ts
+++ b/src/agents/tools/sessions-list-tool.ts
@@ -1,7 +1,6 @@
-import path from "node:path";
 import { Type } from "@sinclair/typebox";
 import { loadConfig } from "../../config/config.js";
-import { resolveSessionFilePath } from "../../config/sessions.js";
+import { resolveSessionFilePath, resolveSessionFilePathOptions } from "../../config/sessions.js";
 import { callGateway } from "../../gateway/call.js";
 import { resolveAgentIdFromSessionKey } from "../../routing/session-key.js";
 import type { AnyAgentTool } from "./common.js";
@@ -156,13 +155,14 @@ export function createSessionsListTool(opts?: {
         let transcriptPath: string | undefined;
         if (sessionId && storePath) {
           try {
+            const sessionPathOpts = resolveSessionFilePathOptions({
+              agentId: resolveAgentIdFromSessionKey(key),
+              storePath,
+            });
             transcriptPath = resolveSessionFilePath(
               sessionId,
               sessionFile ? { sessionFile } : undefined,
-              {
-                agentId: resolveAgentIdFromSessionKey(key),
-                sessionsDir: path.dirname(storePath),
-              },
+              sessionPathOpts,
             );
           } catch {
             transcriptPath = undefined;
diff --git a/src/config/sessions/paths.ts b/src/config/sessions/paths.ts
index 0d3c0d6a2..e3e9d10b6 100644
--- a/src/config/sessions/paths.ts
+++ b/src/config/sessions/paths.ts
@@ -39,13 +39,15 @@ export type SessionFilePathOptions = {
   sessionsDir?: string;
 };
 
+const MULTI_STORE_PATH_SENTINEL = "(multiple)";
+
 export function resolveSessionFilePathOptions(params: {
   agentId?: string;
   storePath?: string;
 }): SessionFilePathOptions | undefined {
   const agentId = params.agentId?.trim();
   const storePath = params.storePath?.trim();
-  if (storePath) {
+  if (storePath && storePath !== MULTI_STORE_PATH_SENTINEL) {
     const sessionsDir = path.dirname(path.resolve(storePath));
     return agentId ? { sessionsDir, agentId } : { sessionsDir };
   }
diff --git a/src/config/sessions/sessions.test.ts b/src/config/sessions/sessions.test.ts
index 10ac5a13b..4630bca0f 100644
--- a/src/config/sessions/sessions.test.ts
+++ b/src/config/sessions/sessions.test.ts
@@ -13,6 +13,7 @@ import {
 import type { SessionConfig } from "../types.base.js";
 import {
   resolveSessionFilePath,
+  resolveSessionFilePathOptions,
   resolveSessionTranscriptPathInDir,
   validateSessionId,
 } from "./paths.js";
@@ -68,6 +69,13 @@ describe("session path safety", () => {
     expect(resolved).toBe(path.resolve(sessionsDir, "sess-1.jsonl"));
   });
 
+  it("ignores multi-store sentinel paths when deriving session file options", () => {
+    expect(resolveSessionFilePathOptions({ agentId: "worker", storePath: "(multiple)" })).toEqual({
+      agentId: "worker",
+    });
+    expect(resolveSessionFilePathOptions({ storePath: "(multiple)" })).toBeUndefined();
+  });
+
   it("accepts symlink-alias session paths that resolve under the sessions dir", () => {
     if (process.platform === "win32") {
       return;