The Caltex Socceroos face a potential meeting with Portugal at next year's Confederations Cup after the world no.8 beat Euro 2016 hosts France 1-0 in this morning's (AEST) final in Paris.
A stunning extra-time goal from substitute Eder was the difference between the two sides as Portugal booked their place at the 2017 tournament in Russia after being crowned European champions.
The Lille striker's goal after 109 minutes at the Stade de France secured an unlikely first major trophy for his country, after captain and talisman Cristiano Ronaldo had been forced off with injury midway through the first half.
A dominant start from France to Sunday's final kept Portugal pegged firmly back in their half and Fernando Santos' side looked to be facing a supremely tough task when Ronaldo was carried off in tears after failing to recover from a Dimitri Payet challenge that jarred his left knee.
The incident sapped some of the life from the match, however, with Portugal content to sit off and try to exploit the counter-attack, while France appeared wary of committing too many men forward to capitalise on their momentum.
Antoine Griezmann saw a first-half header brilliantly saved by Rui Patricio, but the tournament's top scorer should have done better in the second half when he nodded over from point-blank range.
Portugal's chances were scarce at best, though Nani almost caught out Hugo Lloris with a wicked cross before Ricardo Quaresma fired in a bicycle kick on the rebound with just a little over 10 minutes to play.
Patricio kept his side alive with a strong parry after a vicious strike from the brilliant Moussa Sissoko, and Andre-Pierre Gignac came within inches of a stoppage-time winner in normal time, clipping the inside of the post from close range.
Raphael Guerreiro hit the crossbar with a free-kick in extra-time, but it was Eder who finally struck the decisive blow with 11 minutes to play, arrowing a low shot into the bottom corner from 25 yards to stun the hosts and send Portugal into raptures.
Portugal join Russia, Australia, Germany, Chile, Mexico and New Zealand in qualifying for next year's Confederations Cup, with the final place to be taken by the winners of next year's Africa Cup of Nations.
Key Opta stats:
- Portugal, who won just once in normal time during Euro 2016,have become the 10th different nation to win the tournament.
- France's last three finals in major tournaments have gone to extra-time (2000, 2006 and 2016).
- Renato Sanches became the youngest player to play in a European Championship final (18 years and 326 days), while Kingsley Coman became the youngest French player to do so.
- Ronaldo made just eight touches before being substituted due to injury.
- Since 1980, no goalkeeper has made more saves in a Euro final than Portugal's Patricio (Peter Schmeichel also seven v Germany in 1992).