BBC Radio Five Live has held on to the rights to broadcast commentaries of Premiership games until 2007.
Commentaries will be available on the BBC Sport website for the first time.
"This contract completes the best and biggest football portfolio the BBC has ever owned," said BBC director of sport Peter Salmon.
Premier League chief executive Richard Scudamore added: "Live match commentary on Five Live has provided a valuable source of excitement for fans."
Salmon added: "Our new Premier League online service compliments Five Live's acclaimed coverage perfectly.
"From Match of the Day to Euro 2004, from the FA Cup to all England's home matches, from the internet to the World Cup in 2006, licence payers now have a truly comprehensive free-to-air football service for the first time."
The deal sits alongside those already in place for other major domestic sporting events on Radio Five Live including Wimbledon, the Open Golf, the Derby, Six Nations Rugby and Formula One.