Despite reports the show, starring Elaine C. Smith in the lead role, had cancelled its Australian tour, producer Michael Harrison said Sydney's loss is Scotland's gain.
And the show will return to the King's Theatre in spring 2014.
"The Australian tour didn't work out the way we'd hoped," said the producer, who is currently enjoying West End success with The Bodyguard.
"We were all set to play in Sydney, Melbourne and Perth for an 11-week run but theatre shows in Australia at the moment simply aren't selling.
"What we've decided to do is postpone the show.
"Then when the time is right we'll go back. We had already sold 10,000 tickets, which was a good start, but we feel we can capitalise on that at a later time.
"There are projects in development which we hope will develop the Susan Boyle brand."
It's been reported the 51-year-old singer from Blackburn, West Lothian, is Hollywood-bound and set to appear in a movie, The Christmas Candle in which she plays the wife of a church warden involved in a magical Christmas where an angel visits a fictitious village every 25 years.
Scots actors John Hannah and James Cosmo will star.
Meanwhile, actress Elaine C. Smith admits the news of the Australian cancellation has created mixed feelings.
The Rab C Nesbitt star said: "I wanted to go to Australia for the experience of playing to new audiences.
"Yet, when it was cancelled I was philosophical.
"I've already done 104 performances of I Dreamed A Dream and while it's been a fantastic experience it's been tiring.
"When you add to that I was touring the UK with Calendar Girls, and I've just come off of 62 panto appearances in Aberdeen, it's not a bad thing to have a break.
"And it's not as if I'll be doing nothing. We're looking to film the next Nesbitt special later in the year, and then I'll be back into panto."
Elaine believes the spring of 2014 is the ideal time to bring back, I Dreamed A Dream.
She said: "It's a demanding show to do, with a huge cast and production crew.
"It really is a fantastic production but it's demanding. So when we come back we'll be fresh and ready to go - and the Scottish audiences will love it."