AC Milan and Inter Milan have confirmed that San Siro will be demolished and replaced by a new shared stadium, unveiling the design of a proposed 71,500 seat arena called the Generali Stadium.
The project was presented on Thursday, October 29, at Castello Sforzesco in Milan, and the new ground is targeted to open in the 2031-32 season.
The clubs have agreed a 20 year naming rights deal with Generali, reportedly worth 650 million euros, which has been described as one of the largest stadium naming rights agreements in world sport.
The new stadium will be developed by the clubs' owners, RedBird Capital Partners and Oaktree, with architects Foster and Partners and MANICA working on the design.
Lord Norman Foster and David Manica, who previously worked together on London's Wembley Stadium, drew inspiration from Milan's Duomo for the new arena.
Manica's point was that San Siro is a feeling, more than a building, and the design needed to carry that feeling into the new ground.
San Siro's legacy makes way for a new home
San Siro opened in 1926 and was renovated ahead of the 1990 World Cup. It has been home to both Milan clubs for more than eight decades and is also known as the Giuseppe Meazza Stadium.
The ground is famous for its towering spiral staircases, red girders and passionate Curva sections, but its ageing infrastructure and facilities have fallen behind modern European stadiums.
The new design will feature two seating tiers forming a continuous 360 degree bowl, with steep stands behind the goals and seating inclinations of up to 37 degrees, intended to bring supporters closer to the action and recreate the atmosphere of the existing ground.
Manica's point was that proximity was the starting point, with seats brought as close as possible to the field, so it would feel as though spectators were sitting on the grass.
What will change at the new Generali Stadium
The new arena will be a multi-purpose venue, able to host football, rugby, American football and concerts, rather than football alone.
It will also offer improved public spaces, with green areas, retail outlets, leisure facilities and public spaces around the ground, and a new matchday experience with more modern facilities.
Capacity will be 71,500, compared with San Siro's existing 75,000, a slightly smaller but more modern and closer viewing arrangement.
The clubs acquired the land from the city of Milan for 197 million euros in November 2025, and the overall project is estimated at around 1.2 billion euros.
Construction is expected to begin in 2028, subject to planning approvals, and San Siro will be largely demolished as the new stadium project approaches completion.
For Milan and Inter, the move aims at a modern home capable of improving matchday revenues and keeping pace with Europe's leading clubs, while for supporters it means saying goodbye to a football landmark that has defined generations of Milanese football.
