The 2014 Irish Open will be held at the Fota Island Resort for the first time in 12 years.
The 19-22 June tournament will see the European Tour event returning to the Cork club for the first time since Soren Hansen's victory in 2002.
Official confirmation of the news will be made later this week.
Carton House in Maynooth, Co Kildare, who hosted the event in 2013, had been hotly tipped to keep the tournament but miss out.
A main sponsor for this year's tournament has not yet been secured and the European Tour is understood to be continuing its efforts to find a principal backer for the event.
Fota Island, which is 10 miles from Cork city, first hosted the Irish Open in 2001 when Colin Montgomerie triumphed and Dane Hansen took victory at the venue 12 months later.