Hampden will remain the home of Scottish football after Queen's Park agreed a £5million deal to sell their stadium to the governing body.
The Scottish Football Association had been considering moving major internationals and Scottish Cup semi-finals and finals to BT Murrayfield following an offer from the Scottish Rugby Union.
An SFA statement read: "Ownership of Hampden Park will enable the Scottish FA to control the future of the stadium. It will open up opportunities to continue to develop the infrastructure and create a national stadium that will inspire the next generation of football fans."
The SFA confirmed that Glasgow businessman Lord Willie Haughey, a former Celtic director, had pledged half of the purchase cost.