Serie A giants AC Milan will be able to compete in the UEFA Europa League next season after having their European ban overturned.
Read: Confirmed: Milan Receive Euro Ban
Milan were initially banned for UEFA competitions for two years after being found guilty of breaching UEFA club licensing and financial fair play regulations.
However, the club announced their decision to appeal and their ban has now been overturned by the Court of Arbitration for Sport.
A CAS statement read: "Earlier this month, the Adjudicatory Chamber of the independent Club Financial Control body, chaired by José Narciso da Cunha Rodrigues, decided that AC Milan had breached the UEFA Club Licensing and Financial Fair Play Regulations; in particular the break-even requirement. As a result, the Chamber decided to exclude AC Milan from the 2018/19 UEFA Europa League.
"As is permitted by Article 34(2) of the Procedural rules governing the UEFA Club Financial Control Body, as well as Articles 62 and 63 of the UEFA Statutes, AC Milan appealed this decision to the Court of Arbitration for Sport, who confirmed the Chamber's view that there had been a breach of the regulations.
"However, the CAS noted that there were some important elements that could not properly be assessed by the Adjudicatory Chamber - most significantly the improvement of the Club's financial situation as a result of the recent change of ownership.
"As a result, AC Milan is reinstated to the 2018/19 UEFA Europa League and the CAS has referred the case back to the Adjudicatory Chamber to decide on the appropriate disciplinary measure, in the light of these developments."