"The Olympic Board today agreed the proposal to use existing facilities at Wembley Arena to host two sports rather than build a temporary venue on the North Greenwich Peninsula," read a statement from the board.
"This proposal is subject to the approval of the international badminton and rhythmic gymnastics federations.
"LOCOG will present the proposals to the Federation Internationale de Gymnastique (FIG) this week during their World Gymnastics Championships in London, and the Badminton World Federation (BWF) next week. The plans will then be presented to the IOC Co-ordination Commission in November, and to the IOC Executive Board for approval in December."
The board will announce further details in the New Year as to whether Barking and Dagenham, with close proximity to the Olympic Park, will be used for training venues and other operations. Further details will be announced in the New Year.
Wembley Arena, not to be confused with Wembley Stadium, opened in 1934 as the Empire Pool and Sports Arena hosting the 1948 Olympics and numerous sporting and musical events. It has since received a £35million refurbishment and is most commonly used as a music arena.
The venue change also affects the Olympic and Paralympic shooting and Paralympic archery games which are confirmed to be held at the Royal Artillery Barracks at Woolwich. The Olympic Delivery Authority will submit the planning application for Woolwich in the next few weeks.
The Olympic Delivery Authority also chose today to release their series of sporting pictograms to accompany each of the games.