Locog, the organisers of the London 2012 Olympic and Paralympic Games have announced that the ticket resale site will re-open later today.
The ticket resale website, run by Ticketmaster, has been suspended since a glitch was found at its launch on Friday 6 January.
But from 3pm today, any ticket holders wishing to offer their tickets for resale can do so until 6pm on 3 February.
This time, however, Locog will buy the tickets directly from the sellers at face value, and put them on sale to the public again from April.
When the initial ticket resale went live, people who wanted to attend the Games were buying the tickets directly from the resellers.
"It became clear the other site wasn't working properly, so we took it down and came up with a way that it would basically work," a spokesperson for London 2012 said.
When the original resale site went live on 6 January, around 17,000 tickets were put up for sale. Seven thousand of these tickets were sold, but at one time there were a quarter of a million people trying to buy the tickets, causing the website to fail.
Locog commercial director Chris Townsend, said: "We are sorry for any inconvenience caused by the suspension of our ticketing resale platform.
"We believe this system - purchasing the tickets back from customers now and offering them again from April, will result in a better customer experience for everyone."
The Games organisers will be releasing further information on how the tickets will be sold in April in due course.
The London 2012 ticket website has been beset with problems from the start, with high demand knocking the site offline during both the first and second round of ticket sales last year.