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Today marks one year since the IRFU terminated Paddy Jackson and Stuart Olding's contracts.
Hibernia will pay an initial EUR 27m for the IRFU Land.
The 24-year-old centre also had his contract revoked by the IRFU and Ulster Rugby on Saturday.
It said: "It is with regret that I have been informed that the IRFU have decided to revoke my contract.
"The IRFU and Ulster Rugby note the verdict handed down today at the Belfast Crown Court in relation to the case brought against Paddy Jackson and Stuart Olding," read a joint IRFU and Ulster Rugby statement.
Philip Brown, chief executive of the IRFU, was pleased that Ryan has decided to stay in Ireland for the foreseeable future.
"We also reiterate the ongoing policy of the IRFU is to have all our leading players on home soil, competing with their respective provincial teams and being available for the Ireland team.
In a statement, the IRFU said they "welcomed the decision reached by the Central Council of the GAA".
The IRFU's announcement comes just 17 days before Ireland face an opening World Cup warmup game against Wales in Cardiff.
"We've been to the market and it has said what it has said, we sold just under 50 percent of the tickets," IRFU chief executive Philip Browne told the Irish Times.
LEINSTER have told the IRFU to name Joe Schmidt as new Ireland coach in the next 24 hours.
A statement from the IRFU yesterday read: "The Irish Rugby Football Union today announced that it will not be offering a new contract to Declan Kidney after his current agreement ends (on 30 June next), with Declan's role as Ireland's senior men's coach ceasing today.
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