Inter Milan and AC Milan have officially completed the purchase of the San Siro stadium site for €197 million ($231 million), marking a historic step toward replacing one of football’s most iconic arenas.
The two Serie A powerhouses confirmed on Wednesday, November 5, that they had signed the deed of sale with the Municipality of Milan — finalising the transaction just weeks after receiving city council approval.
The acquisition, which narrowly met its deadline, prevents a preservation order that would have protected the stadium’s famous second tier from demolition. With the deal secured, both clubs can now move forward with their ambitious €1.2 billion redevelopment plan, which will completely transform the 70-acre site on Milan’s western edge.
Plans include building a state-of-the-art 71,500-seat stadium on adjacent land currently used for parking and public recreation. The existing San Siro will remain operational until the new ground is completed.
Once construction is finished, the current stadium — affectionately known as football’s La Scala and home to 10 combined European titles — will be mostly demolished. The cleared area will make way for parkland, office spaces, and entertainment zones, designed by renowned architectural firms Foster + Partners and MANICA.
The clubs aim to complete the project in time for Euro 2032, co-hosted by Italy and Turkey. Italy’s football federation must submit its final stadium selections to UEFA by October next year, giving both clubs a narrow window to advance construction before March 2027.
Before bidding farewell, the San Siro will host one last major event — the opening ceremony of the Milan-Cortina Winter Olympics on February 6.
