Musgrave Park is set to be renamed Irish Independent Park in a naming rights deal.
The agreement will come into effect next season and will last for a period of 10 years.
Munster Rugby CEO Garrett Fitzgerald said the sale of the naming rights will allow for improvements to the ground: “The naming of Irish Independent Park allows Munster Rugby to progress on our redevelopment of the grounds and commit to our rugby future here," he said.
“Cork is a vital element of Munster Rugby’s success and we are happy that Irish Independent Park will be central to rugby development in the region.”
Musgrave Park is also home to Dolphin and Sunday’s Well.