Scotland, Wales, Northern Ireland and the Republic of Ireland have agreed "in principle" to play a series of three biennial "Celtic Cup" tournaments.
An agreement signed on Monday commits the countries to arranging the tournaments on a league basis.
Home and away games will be rotated from one tournament to the next with each team playing three matches in each of the competitions.
Last week England distanced themselves from involvement in the tournament.
Commercial arrangements and fixture dates are now being finalised.
The old Home Championship, which included England but not the Republic of Ireland, was staged every year until 1984.
But matches between England, Scotland, Wales and Northern Ireland were eventually scrapped because of increasing fixture congestion.
Last week Prime Minister Gordon Brown said he would welcome the revival of home internationals to ease the pain of Euro 2008 misery for the four home nations.
England's defeat by Croatia, following the failures of Scotland, Northern Ireland and Wales triggered calls for the sides to face each other in 2008.
It is the first time since 1994 that no home nations have qualified for a major tournament.
The Republic of Ireland did qualify for the 1994 World Cup in the United States.
Scotland battled valiantly but finished third in a group including Italy and France, while Northern Ireland's fate was sealed when they were beaten in Spain on Wednesday. Wales's campaign was in tatters after a string of early defeats.
http://news.bbc.co.uk/sport1/hi/football/internationals/7114148.stm
should be interesting
