The two clubs have shared the stadium since 1947.

Milan city-rivals Inter Milan and AC Milan are set to collaborate on a project that would demolish the current San Siro and build a new stadium in its place. The president of the club frm the red half of the city, Paolo Scaroni has confirmed the development of such a project in an interview with Italian newspaper La Gazzetta dello Sport.

The comments were recorded in Lausanne, where the Olympic Committee is set to meet on Monday to finalize the name of the host city for the 2026 Winter Olympics, with Milan also in the running.

For the uninitiated, AC Milan and Inter Milan have been sharing the San Siro for a long time as their home stadium. The fans of the two Milan sides have seen their clubs progress to the pinnacle of European club football and even come down to bite the dust, while playing at the stadium.

AC Milan president Scaroni updated on the developments by saying, “Everything is proceeding. We will build a new San Siro next to the old one in the same area of land. The old one will be knocked down and, in its place, there will be new constructions.”

As aforementioned, Milan is looking to host the 2026 Winter Olympics and Scaroni wishes to complete the project in time to have the opening ceremony for the grand event at the new venue.

The timeline for the project is yet to be set and agreed upon, and hence, it would be very difficult to complete the project in time for the event. Scaroni has expressed his desire to the effect, but it is not certain if the two clubs will be able to complete the project on time.

“It’s an extremely complicated process,” Scaroni said. “It would be beautiful to have the Olympics’ opening ceremony at the new San Siro, but we are not certain.”

It is not the first time though, that the two clubs have expressed their desire to either move out of the San Siro or re-build it. Milan, under the then president Silvio Berlusconi, were ready to move out to play at a stadium for which they won a tender, had the economic implications made the move a risky one.