Home ground of AC Milan and Inter Milan, the Giuseppe Meazza Stadium, also known as the San Siro, is set to be demolished.
The stadium is to be replaced by another estimated to cost $878m, and will be positioned next to the old one.
Paolo Scaroni, AC Milan’s president , has confirmed that both AC Milan and Inter are moving ahead with plans to demolish their famous San Siro stadium.
Speaking to Gazzetta dello Sport, Scaroni said: “Everything is proceeding.
“We will make a new San Siro together, next to the old one in the same area of land.
The old man will be knocked down and in its place there will be new buildings built.”
“It’s an extremely complicated process,” Scaroni added. “It would be beautiful to have the Olympics’ opening ceremony in the new San Siro, but we are not certain.”
The construction work on the new stadium will begin in 2020.
