Celtic and Rangers will collide for the first time outside of Scotland in the inaugural "Sydney Super Cup".
The mini-tournament, to begin on November 16, will also feature A-League sides Sydney FC and Western Sydney following an official announcement from Down Under in the early hours of Wednesday morning.
Celtic confirmed their participation in the three-match exhibition on Tuesday but stopped short of revealing further details, with the event being billed as a homecoming for manager Ange Postecoglou.
Rangers, meanwhile, refused to confirm it when asked by the Scottish media following Celtic’s confirmation.
But Western Sydney's Minister for Enterprise, Investment and Trade, Minister for Tourism and Sport, Stuart Ayles, has revealed the Ibrox side will be there and insisted the competition was a huge coup for the city.
He said: “Sydney has kicked another goal as Australia’s home of football with the world’s best clubs coming out to play our hometown heroes in the Sydney Super Cup. What better way to start than with a historic rivalry like the Celtic vs Rangers derby.
“This will be the first time in history this iconic matchup has been played outside of Scotland, so this will be a huge attraction for football fans domestically and abroad.
“With three big matches played over five nights, visiting football fans will have an opportunity for an extended stay in the Harbour City, enjoying our vast cultural offerings, and vibrant hospitality and nightlife in one of the world’s great sporting cities.
“The benefits for our city and state will be huge, as we look to bring visitors back to Sydney by creating a regular blockbuster bi-annual event that will showcase our city, our local teams and our world-class stadiums to the rest of world.
“The NSW Government is focused on delivering marquee events like the Sydney Super Cup that capture the world’s attention, drive the NSW visitor economy and build Sydney’s reputation as the major events capital of the Asia Pacific.”
A report from the Sydney Morning Herald stated the city's Accor Stadium, also known as Stadium Australia, will host the clash between Celtic and Rangers.
The Premiership rivals have never met in a fixture outside of Glasgow and the announcement has received a mixed reception from supporters of both clubs.
The Cup is also set to be played again in 2025.