The speculation regarding the Olympic Stadium's lease continues but its use as a music venue looks set.
Plans are in place for some of the concerts that Hyde Park traditionally hosts to move to the other side of London in July, although final contracts are still to be signed.
Acts such as the Arctic Monkeys, The Who, Coldplay, Rihanna and Jay-Z performed in the Olympic Stadium with promoters due to stage shows in July to celebrate the first anniversary of the Games.
Commenting on the decision, the London Legacy Development Corporation Chief Executive, Dennis Hone, said: "The exciting thing for us is that we have the opportunity to put on some major events in the park - some music events and festivals and an anniversary weekend on 27 and 28 July."
Last year, Live Nation, the world's biggest live music company, dropped Hyde Park as a venue last season but is now in talks to host gigs at the stadium beginning this summer.
Posted on 04/01/2013