The pair, once among the most powerful figures in global soccer, were cleared of fraud at the Extraordinary Appeals Chamber of the Swiss Criminal Court in the town of Muttenz, near Basel.
The long-running legal saga began in 2015, when Blatter quit as head of FIFA in a corruption crisis.
Sepp Blatter, the former president of FIFA, said he had been unable to protect soccer from political and business interference in an interview with German weekly Die Zeit.
FIFA Uncovered exposes FIFA's transformation into the toxic and political mess it is today.
Former FIFA president Sepp Blatter says the decision to award the 2022 World Cup finals to Qatar was a "mistake".
Former FIFA president Sepp Blatter, currently serving a ban from the sport, tells Reuters he is considering legal action against the global football body in an attempt to clear his name.
The FIFA scandal, which erupted in May 2015 with the arrest of seven top officials in Zurich, has several judicial tracks.
Former FIFA president Sepp Blatter has not spoken to United States prosecutors in Switzerland, his US-based lawyer told Reuters on Tuesday.
Ex-UEFA president Michel Platini has criticised former FIFA chief Sepp Blatter, saying the Swiss who led soccer's world body for 17 years was determined to make him "his last scalp".
Disgraced former FIFA president Sepp Blatter says successor Gianni Infantino has showed him no respect by failing to return his phone calls.
The man who was leading FIFA's fight against match-fixing has left his post, soccer's world governing body said on Monday.
The Court of Arbitration for Sport said Monday that Sepp Blatter breached FIFA's ethics codes as it firmly rejected his appeal against a six year ban for making a $2 million payment to ousted UEFA chief Michel Platini.
Banned FIFA president Sepp Blatter and his former chief lieutenants are under investigation over illicit bonuses.
Disgraced former FIFA president Sepp Blatter underwent successful surgery after being diagnosed with skin cancer and has been released from hospital, his spokesman and a report said Sunday.
FIFA's new chief Gianni Infantino accuses "enemies" of trying to paint him as greedy, and voices surprise at revelations that his disgraced predecessor and his deputies awarded themselves millions in dubious bonuses.
Former high-ranking Fifa officials Sepp Blatter, Jerome Valcke and Markus Kattner awarded themselves pay rises and bonuses worth $80m (£55m) over five years, say Fifa lawyers.
Swiss investigators search the FIFA headquarters as the world football governing body reveals that former president Sepp Blatter and two of his deputies awarded themselves more than $80 million in often suspicious payments.
Fifa President Sepp Blatter and Uefa boss Michel Platini have been suspended for eight years from all football-related activities following an ethics investigation.
The FBI is investigating the role played by Fifa president Sepp Blatter in a $100m (£66.2m) bribes scandal, a BBC investigation has discovered.
