Hawthorn has confirmed the sale of Waverley Park, with the AFL purchasing the facility from the club.
Waverley Park was put on the market earlier this year in February, ahead of the club's move to its new home at the Kennedy Community Centre in Dingley.
Following an extensive process with several parties interested, the AFL emerged as the best buyer, ensuring that Waverley Park remains in the hands of the footy community.
The club would like to thank its realtor Colliers and the AFL for reaching the agreement.
Hawthorn Chief Operating Officer Jacob Attwood said:
"A lot of work has been done to ensure the best possible outcome for both the club and the future of Waverley Park.
"On behalf of the club, I'd like to thank Colliers for their work throughout the campaign and also the AFL for their engagement to achieve this outcome.
"With the facility changing hands to the AFL, we are confident that its historical significance of Waverley Park will be preserved.
"Looking forward for our club, the sale of this facility puts us in a very strong position to make the move to the Kennedy Community Centre later this year."