Inter and Milan have both confirmed that they want to demolish San Siro and replace it with a new stadium.
It was reported last week that Milan and Inter had agreed plans on a new venue, which would cost around €700m to build and was anticipated to be ready by 2022.
“We’ll have a new San Siro next to the old one, in the same area as the concession,” Diavolo patron Paolo Scaroni told.
The San Siro, one of football's most iconic venues, is set to be demolished ? pic.twitter.com/gT83ASrSY4
— B/R Football (@brfootball) June 24, 2019
“The old one will be knocked down and, in its place, there will be new constructions going up.”
Nerazzurri CEO Alessandro Antonello added when asked if his club would build the new stadium with their city rivals: “Yes, absolutely.”
It now remains to be seen whether Milan mayor Beppe Sala will sign off the plans, given he has already voiced his preference for San Siro to be modernised.
The Rossoneri have wanted to build a new 60,000-seater stadium for some time, with Inter favouring a renovation of the existing 80,000-capacity ground.
However, the Nerazzurri have finally come on board for the project, which is expected to be completed by the beginning of the 2022/23 season.
The Daily Mail reports that the new stadium will be constructed on the car parks adjacent to the San Siro, set partly below street level to reduce the visual impact on the neighbourhood.
Milan and Inter will continue to share their current home during the construction of the new arena.