Rail union RMT have confirmed that they will no longer be taking part in the planned 24-hour walkout this week.
The Tube strike was initially planned to take place on Tuesday (January 26) from 6.30pm.
RMT confirmed just over 24 hours before the Tube strike was set to take place that they have suspended industrial action after a debate with London Underground bosses on Monday (January 25).
Despite the strike cancellation however, the union are still in dispute with LU bosses on pay conditions, the Night Tube and stations staffing.
Rail union ASLEF told getwestlondon last week however, that they believe "the Night Tube will happen."
General Secretary for RMT, Mick Cash said: "RMT's executive has agreed to suspend tomorrow's action over pay and night tube to allow for further consideration and consultation on the current offer.
"The union makes it clear that we remain in dispute and the strike action scheduled for February remains on."
Two strikes are still in place in one week in February, with a 24-hour strike starting from 6.30pm on Monday (February 15) and another starting on Wednesday (February 17).
Mick Cash continued: "RMT also remains in dispute over station staffing and the week of action on that issue, scheduled to begin from the seventh of February, also remains on and the union is finalising the details for the continuation of that industrial campaign and the on-going fight over the threat to jobs, services and safety."
Steve Griffiths, LU’s Chief Operating Officer, said: “Following constructive talks at ACAS, all four trade unions have suspended their strike action due to take place this week.
"Our very fair offer reiterates our previous guarantees on protecting the work life balance of our staff and a four-year pay deal which remains within our business plan.
"Meanwhile we continue to progress plans for the implementation of the Night Tube, including the recruitment of 700 new staff to operate this exciting new service."
