The Turkish club’s chairman Aziz Yildirim told the club's official television channel that the club will participate in the Champions League next season after all.
"Fenerbahce will attend the Champions League draw on Friday and continue on its path," he said.
Turkish media carried a document sent by UEFA to CAS on Thursday asking the court to make a final decision by August 25 on the cases of Fenerbahce and Istanbul rivals Besiktas, who qualified for the Europa League and had received a one-year ban from UEFA for alleged match-fixing.
The two clubs asked UEFA in June to re-examine their punishments and in both cases European football's governing body decided to uphold the sanctions.
The match-fixing scandal rocked Turkish football in 2011 and resulted in sentences being handed down to club officials and players, including Yildirim who received a six-year jail sentence but was released pending an appeals court ruling.
Shares in both Fenerbahce and Besiktas rose, 10 and seven per cent respectively, following Fener’s announcement.
- Sports & Recreation