Israel will host its richest-ever tournament after the ATP confirmed World Tour 250 event will take place in Tel Aviv in September.

The competition, which offers $1m in prize money, has been relocated from St. Petersburg following the approval of the tournament’s request by the ATP Board of Directors at its meetings in Monte-Carlo this week.

The approval is subject to final agreement of conditions between ATP and the tournament, but the event would see top-level tennis return to the Israel Tennis Centre at Ramat HaSharon for the first time since 1996.

Tournament Representative Ruslan Linkov said: "After 19 memorable years in St. Petersburg, the time has come for us to take the tournament in a new direction.

"We are very excited about the opportunities that lie in Tel Aviv and look forward to holding a successful event in September."