Manchester City's two-year ban from European football has been overturned.
The Court of Arbitration for Sport have reversed UEFA 's decision to expel City from their competitions over a Financial Fair Play breach.
City took their fight to the courts and fans faced an anxious wait over the weekend, with the result of their appeal set in advance for a 9.30am reveal on Monday morning.
The club, who currently sit second in the Premier League, are now free to compete in the 2020/21 Champions League.
A club statement said: "Whilst Manchester City and its legal advisors are yet to review the full ruling by the Court of Arbitration for Sport (CAS), the club welcomes the implications of today’s ruling as a validation of the club’s position and the body of evidence that it was able to present.
"The club wishes to thank the panel members for their diligence and the due process that they administered."
City were originally fined €30million on top of the landmark ban, but that figure has now been reduced to €10m.
A statement from UEFA noted the court's ruling that their was "insufficient evidence" to inflict the two-season punishment on Pep Guardiola's side.
It read: "UEFA takes note of the decision taken by the Court of Arbitration for Sport to reduce the sanction imposed on Manchester City FC by UEFA’s independent Club Financial Control Body for alleged breaches of the UEFA Club Licensing and Financial Fair Play regulations.
"UEFA notes that the CAS panel found that there was insufficient conclusive evidence to uphold all of the CFCB’s conclusions in this specific case and that many of the alleged breaches were time-barred due to the 5 year time period foreseen in the UEFA regulations.
"Over the last few years, Financial Fair Play has played a significant role in protecting clubs and helping them become financially sustainable and UEFA and ECA remain committed to its principles."
