The 2027 men's Champions League final will not be played in Milan amid uncertainties over the future of the San Siro stadium.
"As the Municipality of Milano could not guarantee that the San Siro stadium and its surroundings would not be affected by refurbishment works in the period of the 2027 UEFA Champions League final, it was decided not to assign the final to Milan," UEFA said in a statement.
UEFA added it was reopening "the bidding process to appoint a suitable venue, with a decision expected in May/June 2025".
The 2026 final will be held in Budapest.
Budapest and Milan were the only candidates for the 2026 and 2027 finals.
In other news from the European governing body, agreement has been reached over UEFA's solidarity funding, with Premier League clubs outside of European competition receiving a smaller slice over the next three seasons than under the previous agreement.
England's top flight, along with La Liga, Serie A, Ligue 1 and the Bundesliga, have agreed to have their solidarity payments capped €10 million each per season up to and including 2026-27.
This is an increase of €1.5m on the previous cycle, but there is much more money to go around this time - €308m compared to €177.2m.
The higher amount is a result of an increase in the percentage allocated to non-participating clubs in this cycle - up from four per cent to seven per cent - and the higher projected overall revenue compared to the previous three-year period.
In effect it means the overall share of solidarity money being taken by the 'Big Five' leagues is dropping from 24% to 16%.
The key aim of the solidarity payments is to try to support competitive balance within domestic leagues and prevent it becoming distorted by the money UEFA pays to clubs who are involved in continental competition.
The cap on the big leagues is recognition of their greater earning power from domestic television revenue, and that problems of competitive balance are most acute in the leagues outside Europe's big five.
Additional reporting: PA
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