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Wasps and Coventry City will both continue to play at the Ricoh Arena for the next two seasons, after coming to an agreement to extend the current licence agreement.
Wasps completed the full takeoverof the Arena in November 2014 and reached an agreement for Coventry City to continue to play at the venue as well.
“Naturally we are very pleased that Coventry City will continue playing at the Ricoh Arena until at least the end of the 2017/18 season."
"We have always said we are keen to work alongside the football club and for the Sky Blues to stay at the Ricoh Arena, which continues to be their home as well as Wasps’ home."
"I have already said on several occasions that it is important for us to have security about where we are going to play football next year and know our supporters and stakeholders join me in looking forward to an exciting second half of the season."
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Wasps have arrived ahead of their first home game at the Ricoh Arena.
More than 27,000 fans are expected for the match against London Irish,
The history books are to be updated this weekend when Wasps play in Coventry for the first time at their new home. They have moved 82 miles to the Ricoh Arena. And it is going to be a pretty full house.
James Clark reports.
Rugby Union club Wasps say they hope they can fill a 'void' in the area in terms of big rugby clubs.
Captain James Haskell highlighted Leicester and Northampton nearby who sell out their grounds regularly, and hopes Wasps can do the same in Coventry.
The club is expecting 27,000 fans to turn out at their first game at the Ricoh Arena on Sunday.
Wasps are hoping to break the attendance record for a regular Premiership Rugby fixture as they prepare to play their first home game at the Ricoh Arena in Coventry.
More than 27,000 people are expected for Sunday's game against London Irish.
Wasps have been training at the Ricoh Arena for the first time, and they were watched by local school children.
The club moved from Wycombe's Adam's Park to Coventry, after they signed a deal to become full shareholders of the stadium last month.
The club have been working with schools in the area to encourage children to get involved in rugby.
Wasps have announced plans to lay a temporary new pitch at the Ricoh Arena ahead of Coventry City's next home game.
The pitch has been much-criticised by a number of visiting teams and even by the Sky Blues manager Steven Pressley.
It's difficult to play in the manner that I want my team to play in on that pitch. The standard of the pitch is so poor.
In fact, at this moment in time, the Ricoh Arena pitch is probably the worst in the entire Football League.
Wasps say they will fully relay the pitch over the summer in order to be ready for the 2015/16 season.
The club's subsidiary ACL (Arena Coventry Ltd), which owns 50% of the stadium, will fund the temporary replacement.
The surface is expected to be ready in time for Coventry's next home game against Fleetwood Town on 20 December.
We are not willing to compromise on the quality of the playing surface and recognise that this issue needs to be addressed now, so we have provided the best temporary solution available to us.
Wasps' match will be on 21 December against London Irish following their purchase of 50% of the stadium.