OLYMPIC chiefs have agreed for two of the London 2012 events to move from Greenwich to Wembley.

The rhythmic gymnastics and badminton events were due to be held at a temporary arena near the O2 complex at an estimated cost of £40m.

But chairman of the London Organising Committee of the Olympic Games Seb Coe confirmed yesterday that the International Olympic Committee had agreed a move to cut costs.

Official confirmation is expected early next year once sports federations agree the plans.

Mayor of London Boris Johnson had led calls for the move.

He said: “I am pleased and thank the two federations for understanding our concerns to save money wherever we can in these tough economic times.

“I am confident that Seb and his team will ensure that every athlete competing at Wembley in 2012 will not only have a great venue, but all the facilities they need, right on the doorstep, to help them go for gold."