SUMMARY In a large body of rock-physics research, seismic wave velocity dispersion and attenuation in fluid-saturated porous rock are studied by constructing analytical or numerical models for time- or frequency-dependent dynamic (effective, or viscoelastic) moduli. A key and broadly used model of such kind is the Zener's, or the standard linear solid (SLS). This model is qualitatively successful in explaining many field and laboratory observations and serves as the key element of many generalizations such as the Burgers model for plastic deformations or the generalized SLS explaining band-limited or near-constant seismic attenuation. However, as a physical model of fluid-saturated porous rock, the SLS has several major limitations: disregard of inertial effects, absence of secondary wave modes and lack of key physical parameters such as porosity and Skempton coefficients. Grainy and porous rock is an unconsolidated material in which the effective density is frequency-dependent, and its effects on wave velocities may exceed those of the dynamic modulus. To overcome these limitations of the empirical SLS, we propose a rigorous rheologic model based on classical continuum mechanics and called the extended SLS, or eSLS. This rheology explains the available attenuation and dispersion observations equally well, but it is also close to Biot's model, honours all poroelastic relations, includes inertial effects, and reveals several new physical properties of the material. Detailed comparison of the eSLS and Biot's models gives a physical-mechanism-based classification of wave-induced fluid flow (WIFF) phenomena. In this classification, the so-called ‘global-scale’ flows occur in Biot's type structures within the material, whereas the ‘local-scale’ WIFF occurs in eSLS-type structures. Combining Biot's and eSLS models gives a broad class of rheologies for linear anelastic phenomena within rock with a single type of porosity. The model can be readily generalized to multiple porosities and different types of internal variables, such as describing squirt flows, wetting or thermoelastic effects. Modelling is conducted with relatively little effort, using a single matrix equation similar to a mechanical form of the standard SLS. By combining the eSLS and Biot's models, observations of dynamic-modulus dispersion and attenuation can be inverted for macroscopic mechanical properties of porous materials.