The Swede has seen his suspension cut down to just one match following his red card against Valencia, meaning he will be free for both quarter-final legs
The former AC Milan striker was sent off in the dying minutes of Paris Saint-Germain's 2-1 victory over Valencia in the first leg of their last-16 tie, and was subsequently handed a two-match suspension.
However, after a successful appeal from the Ligue 1 club, the punishment has been reduced to just one game, meaning he will be available for both last-eight legs against his old club, having served the ban in the reverse fixture against Valencia.
"The Uefa Appeals Body has accepted the appeal lodged by Paris Saint-Germain against a two-match ban meted out to striker Zlatan Ibrahimovic, reducing his suspension to one game," a Uefa statement read.
"The 31-year-old striker had incurred the original penalty from the Uefa Control and Disciplinary Body after being dismissed in the closing seconds of PSG's 21 round-of-16 first-leg victory at Valencia.
"He will now be available for the French side's quarter-final opener against his old team, Barcelona."