The tournament will be played in the Gate City for the 28th time after the league decided to move the event from Washington, DC.
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Capital One Arena in DC will now host the 2024 tournament.
"The ACC Men's Basketball Tournament has enjoyed terrific experiences and hospitality at Capital One Arena," said ACC Commissioner John Swofford. "We look forward to returning to Washington, D.C., and appreciate Greensboro for welcoming and accommodating us during these unique and challenging times."
In March 2020, the tournament was held as scheduled for Tuesday and Wednesday sessions, but the quarterfinal rounds were never played as COVID-19 was starting to become widely publicized and had recently been declared a pandemic. The NCAA Tournament was later canceled, effectively ending the college basketball season.
This season is scheduled to be played with games starting Nov. 25, although several power 5 schools have had their seasons altered, including Duke, Tennessee, Arizona and Baylor.
The 2022 tournament will be played at Barclays Center in Brooklyn, New York with the 2023 edition returning to Greensboro.
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The 2021 ACC Women's Basketball Tournament will also be held at Greensboro Coliseum from March 3-7.