The 2016 Champions Cup and Challenge Cup finals will take place in Lyon, while Edinburgh will host the Champions Cup final in 2017.
EPCR chairman Simon Halliday announced the decision ahead of the draw for the 2016 European competitions, which were made in Switzerland.
Both finals in the coming season will take place at the brand new 59,000-capacity Grand Stade de Lyon which is set for completion early next year. The Challenge Cup decider will go ahead on Friday, May 13, with the Champions Cup final played the following day to bring the curtain down on the 21st season of European club rugby.
Following a competitive tender process which was open to the countries who provide clubs to the Premiership, the Top 14 and the PRO12, the joint bid of the Federation Francaise de Rugby (FFR) and the Ligue Nationale de Rugby (LNR) for the 2016 finals was deemed successful by the EPCR Board.
Having in addition received a strong bid from Scottish Rugby, the EPCR Board selected Edinburgh for the 2017 finals. This decision will assist with future planning for all the tournaments' stakeholders.