Rangers withdrew from facing rivals Celtic in a friendly soccer tournament in Sydney, Australia in November, in what could have been the first Scottish derby outside the country.
Rangers were due to play Western Sydney Wanderers while Celtic play Sydney FC in the four-team tournament, which was opposed by Rangers fans.
The match was described as the return of Celtic coach Ange Postecoglou to his country, Australia, which angered the Rangers fans.
A group of Rangers fans caused the two teams to stop in the Scottish Premier League on March 20 when they threw projectiles onto the pitch.
In a statement on Thursday, Rangers said: “The tournament organizers did not honor their commitments, which is why the club has decided to cancel the agreement.
A group of Celtic fans raised banners in protest of the controversial summit outside Scotland, which was to be held during the league’s suspension during the World Cup in Qatar.
Postecoglou led his country to its first Asian Cup title in 2015 and qualified for the World Cup in 2014 and 2018.
Postecoglou took over Celtic in June last year.