Football history is set for a major transformation as Inter Milan and AC Milan have officially completed the purchase of the land on which the iconic San Siro Stadium sits, marking the beginning of the end for one of football’s most storied arenas.
The two Serie A giants confirmed on Wednesday, November 5, that they had signed the deed of sale with the Municipality of Milan, finalizing the long-awaited €197 million ($231 million) deal. The agreement came just days before a looming deadline that could have imposed a protection order on the San Siro’s distinctive second tier, blocking any demolition plans.
With the acquisition completed, both clubs are now free to advance their €1.2 billion redevelopment project, which will see the construction of a new 71,500-capacity stadium on adjacent land currently used for car parking and a public park.
The current San Siro, affectionately known as football’s La Scala, will continue hosting matches until the new stadium is completed. Once construction is finished, the legendary venue—home to both clubs for nearly a century and the stage for countless European nights—will be demolished to make room for parkland, office complexes, and entertainment spaces designed by Foster and Partners and MANICA.
The clubs aim to have the new arena ready in time for Euro 2032, which Italy will co-host with Turkey. The Italian Football Federation is expected to submit its five official host stadiums to UEFA by October 2026, with the Milan project a strong contender if construction begins by March 2027.
In a symbolic farewell, the San Siro will host the opening ceremony of the Milan-Cortina Winter Olympics on February 6, giving the historic ground one final moment in the global spotlight before its curtain call.