Inter Milan and AC Milan have officially completed the purchase of the land beneath the historic San Siro Stadium, sealing a major step toward moving their operations away from the iconic venue. The announcement was made on Wednesday, November 5, confirming that both clubs signed the deed of sale with the Municipality of Milan—just weeks after receiving the city council’s approval.
The acquisition, worth 197 million euros ($231 million), was crucial, as failing to finalize the deal before next Monday would have led to a public building protection order on the stadium’s famed second tier, preventing its eventual demolition.
With the sale now secured, the clubs can advance with their ambitious 1.2-billion-euro redevelopment plan, which will transform more than 28 hectares (70 acres) on Milan’s western outskirts. The project includes the construction of a modern 71,500-seat stadium on adjacent land currently used for parking and public green space. The San Siro will remain operational until the new venue is completed.
Once the new arena opens, the current San Siro—often referred to as football’s La Scala and home to a combined 10 European titles—will be largely demolished. The cleared area will host new parkland, offices, and entertainment facilities designed by Foster and Partners along with MANICA.
Both clubs aim to have the new stadium ready ahead of Euro 2032, co-hosted by Italy and Turkey. Italy’s football federation is expected to submit its five host stadiums to UEFA by next October, giving Inter and Milan a chance to include the new venue if construction begins by March 2027.
Before its farewell, the San Siro will take center stage one last time as it hosts the opening ceremony of the Milan-Cortina Winter Olympics on February 6.
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