This computer generated rendition shows a proposed plan for a 48,000 seat, two-tier arena with a retractable roof to be built next to the club's recently opened headquartersThe Associated Press
AC Milan unveiled tentative plans for a new 48,000-seat stadium with a retractable roof to open for the 2018-19 season.
The club posted a video featuring a model of the two-tier arena to be built next to the club's recently opened headquarters in the Portell-Fiera area of the city.
Costs will be 300 million to €320-million ($340-million to $365-million).
Milan currently shares the city-run 80,000-seat San Siro Stadium with rival Inter Milan.
The new stadium will be run by Milan, and it will be surrounded by a hotel, parking areas, and restaurants.
The stadium plan, Architect Emilio Faroldi said on Wednesday, was inspired by Arsenal's Emirates Stadium in London, plus arenas in Basel and Neuchatel, Switzerland, and Bilbao, Spain.
Final approval is expected in March.