The Brit award-winning band will be playing at Punchestown next year in front of a crowd of 80,000.
While they are no strangers to the festival scene, this is the first time the band will be performing at Oxegen since 2006.
And in even better news for revellers keen to get a bargain price for the coveted tickets, concert organisers are releasing a limited batch of early bird saver tickets at 2007 prices from tomorrow.
The Grammy nominated Arctic Monkeys have racked up a number of prestigious nominations for their live performances.
Like Foo Fighters, the British rockers will be giving Irish revellers a sneak peek at material from their new album.
After intensive touring in the last year, the foursome have been laying down tracks for the album in recent months.
Earlier this year, singer Alex Turner said they were still in the early stages of production, but will be releasing new work in 2011.
"We haven't tied our shoelaces yet, so it's hard to say (what it would sound like). There's a few things we've been playing around together and we've spoke about how we might go about it," he said.
The festival will be returning to Punchestown Racecourse, Naas, Co Kildare from Thursday, July 7 to Sunday, July 10. The Early Bird Saver ensures you make a saving of €25 on the cost of your weekend camping ticket, which go on sale in March.
Early Bird Saver tickets will be available from 9am tomorrow until Friday, December 31.
The Ticket Deposit Scheme, first introduced in 2009, is now available for Early Bird buyers.
Buyers can secure a ticket with a €100 deposit now, and then pay the remaining two instalments by March 31 and June 30, and more details are available at oxegen.ie.
More acts will be announced over the coming months in the run up to the highly anticipated festival.