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Inter and Milan on Tuesday made official their joint bid to build a new stadium on the site of the iconic 'San Siro', after presenting a feasibility study to local authorities in the northern Italian city.
Part of the proposal includes an offer to buy the land on which the current stadium is located, owned by the city, with the clubs saying they were "aiming to complete the purchase process by July 2025".
"The document contains the proposal for the purchase of the Giuseppe Meazza (San Siro) stadium and the surrounding areas, together with a feasibility plan for the construction of a more advanced stadium," the clubs said in a statement.
“Over the coming months, both clubs will engage with the municipal administration to discuss and refine the details and distinctive elements of the proposal… The final concept and executive project may ultimately be presented at a later stage and are not part of today’s presentation.”
Last week Milan's mayor, Giuseppe Sala, said he hoped to finish the work "by the summer holidays".
European football giants Inter and Milan have long wanted to replace the current San Siro with a modern arena and in October they restarted a joint project, which was abandoned in 2023 after spending over three years winding through bureaucratic and political corridors.
Before any demolition of the current ground took place, a new stadium, which in the previous project was planned to have a capacity of 60,000 but this time is said to have been increased to over 70,000, would be built immediately to the west of the current ground, on the car park and a local park.
Work would not begin before next year's Winter Olympics, when the current 'San Siro' will host the opening ceremony, and any sale of public land would have to go through the city council.
There has been concern from councillors across the political spectrum, with anger at what they see as a circumvention of local democracy, as Sala tries to force the project to go ahead to avoid becoming the mayor who allowed two of the world's biggest football clubs to leave the city.
Meanwhile, fans have expressed concern that a new stadium would lead to further increases in ticket prices as hospitality areas replace seats for regular fans, who regularly number more than 70,000 for both teams' home games.
The Milanese giants have made an offer to buy the rights to the San Siro area, including the Stadio Giuseppe Meazza, which the two clubs have shared since 1947.
"FC Internazionale Milano and AC Milan have today submitted the DOCFAP to the Municipality of Milan, containing the proposal for the purchase of the Giuseppe Meazza stadium and the surrounding areas, together with a feasibility study for the construction of a more advanced stadium as part of an urban regeneration project focused on innovation, sustainability and confirmation by the city council on Tuesday."
"This proposal, developed by senior professionals and industry experts, is the result of the strategic vision of the ownership of the two clubs and lays the foundations for the realization of a project that will serve as an international reference point while bringing significant benefits to the city of Milan and its residents."
"In the coming months, both Clubs will engage with the municipal administration to discuss and further elaborate the details of the proposal and key aspects, aiming to complete the acquisition process by July 2025. The final concept and executive project will be presented at a later stage and are therefore not included in the documentation submitted today," the announcement states.
The offer is believed to be around 200 million euros, the price set by the Italian Tax Office earlier this year. Inter and Milan had already prepared a project to demolish the 'San Siro' and build a new jointly owned stadium called the 'Cathedral', but the plan was abandoned after a mandatory law made the demolition of the stadium impossible.
However, if the sale is completed before 2026, the two clubs could partially demolish the current stadium and build a new one nearby. Inter and Milan were expected to submit their bids last week, but the official proposal was presented a few days later.
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