AC Milan and Inter Milan have officially unveiled their future home, with the new Generali Stadium targeted to open for the 2031/32 season.
The two Italian giants have revealed plans for a new 71,500-capacity stadium that will replace the iconic San Siro as their shared home.
The project marks a major step towards a new era for football in Milan, with construction expected to begin in 2028, subject to the necessary approvals.
The new stadium will carry the name of Italian insurance giant Generali following a naming-rights agreement. The clubs aim to combine modern facilities with the atmosphere that has made San Siro one of football's most famous venues.
The proposed stadium has been designed by Foster + Partners and MANICA, with a capacity of approximately 71,500 spectators.
Its design includes a distinctive structural frame, a sweeping double-curved roof and steep stands intended to bring supporters closer to the pitch.
The plans also incorporate sustainability features, including photovoltaic technology, alongside modern hospitality facilities and improved accessibility.
Beyond matchdays, the wider development is intended to create a destination for entertainment, retail and leisure, helping generate revenue throughout the year.
San Siro has been shared by the two clubs for decades and has hosted some of the most memorable nights in Italian and European football.
However, both clubs have increasingly sought a modern stadium capable of generating greater commercial revenue and providing upgraded facilities for supporters.
A new venue would give Milan and Inter more opportunities to develop hospitality packages, sponsorship agreements and non-football events.
The investment is also intended to strengthen their long-term financial competitiveness against Europe's wealthiest clubs.
Under the current redevelopment plan, San Siro is expected to be partially demolished, rather than simply disappearing in its entirety.
The wider project includes plans to redevelop part of the existing stadium and surrounding area.
That means the end of San Siro in its familiar form is approaching, although elements of the historic structure are intended to be preserved.
The precise execution remains subject to the project's planning and approval process.
The announcement confirms Generali as the stadium's naming partner from the beginning.
The reported deal is worth approximately €650 million, with naming rights extending to 2052.
The clubs have not publicly detailed all the financial terms in their official announcement.
The partnership is expected to provide a significant commercial boost while giving Generali long-term visibility through one of Italian football's most prominent sporting projects.
