Is there any relationship between localization and completion of a module?

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Let $R$ be a commutative ring, $\mathfrak p$ a prime ideal of $R$ and $M$ an $R$-module.

I've seen the terms 'localization' $M_\mathfrak p$ of $M$ and the completion $M_\mathfrak p$ at $\mathfrak p$ used with the same symbol.

My question is, is there any relationship between these two objects?

Many thanks for your help.