It was also confirmed that the 2017 UEFA Women’s Champions League Final will be played at the Cardiff City Stadium on Thursday, 1st June 2017
Speaking about today’s decision, Trefor Lloyd Hughes, FAW President, said: “The FAW is grateful to UEFA’s Executive Committee for giving the FAW and Wales the opportunity to stage one of the world’s biggest sporting events.
"Welsh football is certainly on the up and we look forward to working closely with UEFA and all of our stakeholders over the next two years to deliver two memorable finals.”
Jonathan Ford, Chief Executive of the FAW added: “Staging major football finals is one of the objectives contained within the FAW’s Strategic Plan – we believe that staging both the 2017 UEFA Champions League Final and 2017 UEFA Women’s Champions League Final will have a positive and long-lasting effect on Welsh football.
"Today’s announcement is the culmination of two years’ of hard work and I’d like to thank all those who’ve helped the FAW fulfil its ambition of staging a UEFA Champions League Final.”
Welsh International and Real Madrid star Gareth Bale commented: “These are exciting times for Welsh football. It feels like the whole country is behind us as we attempt to reach next year’s UEFA EURO 2016 finals in France.
"I know how passionate the Welsh football fans are so it’s great the UEFA Champions League Final is coming to my home city of Cardiff. I loved playing in the UEFA Super Cup last year and it would be fantastic to be involved in front of a packed crowd at such an iconic stadium in 2017.”
Fellow Welsh international and Arsenal star Aaron Ramsey said: “What a season it has been for Wales and Welsh football. What with last year’s UEFA Super Cup, the unforgettable support and atmosphere at our recent match against Belgium, Wales topping their UEFA EURO 2016 qualifying group and now this wonderful news.
The Millennium Stadium is a fantastic stadium. It will be a brilliant occasion. I would love to be part of it.”
Wales’ Women’s National Team Manager and former UEFA Women’s Champions League winner, Jayne Ludlow spoke of her delight at the announcement: “It is fantastic news that Wales will be staging the pinnacle event for European women’s club football. The UEFA Women’s Champions League is arguably the strongest competition for top level female players in the world.
"Having played in the competition with Arsenal and having had the honour of lifting the trophy in 2007, it will be great to welcome the world’s best female footballers to Wales in 2017.”
First Minister of Wales, Carwyn Jones AM said: “The UEFA Champions League Final is one of the world’s biggest sporting events and I’m absolutely delighted that Cardiff’s world-class Millennium Stadium has been chosen as the venue for the 2017 final.
“The eyes of the world will once again be turned towards Wales and I would like to thank UEFA for the trust it has placed in us to deliver a fantastic European football experience.
“We’ve proved we can do it with last year’s UEFA Super Cup hosted at the Cardiff City Stadium and we can now look forward to fans from across Europe and the world visiting our capital city and experiencing our famous Welsh hospitality. We promise to do justice to this fantastic sporting spectacle.
“With two Ashes Tests, a Ryder Cup and this year’s forthcoming Rugby World Cup fixtures, Wales’ credentials as a first class major sporting event host nation are now beyond question.”
Roger Lewis, Group Chief Executive of Welsh Rugby Union, owners of the Millennium Stadium said: "The Millennium Stadium is one of Europe's great sporting arenas and I am confident it will provide a fitting stage for the 2017 UEFA Champions League Final.
"The stadium's atmosphere is revered by players, spectators and event organisers and the Millennium Stadium looks forward to working with the FAW and UEFA to deliver a first class event."
Councillor Phil Bale, Leader of Cardiff Council said: “Our wonderful city has proven itself time after time to be a magnificent host for major events and securing the 2017 UEFA Champions League Final presents another fantastic opportunity to showcase Cardiff to the world.
“I’m delighted all the hard work we’ve put in behind the scenes has paid off. Cardiff knows how to throw a party and the UEFA Champions League Final is one of the biggest on the planet. I guarantee the teams and spectators an experience they will never forget.”