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Published 16:23 26 Mar 2019 GMT
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The new stadium is said to be based on New York's Metlife Stadium, home to the NFL franchises, New York Giants and New York Jets. A 5,000-seater venue for concerts and a shopping complex will be built alongside the new stadium, which will be jointly funded by both Milan clubs. It's also expected that they will share any money raised through naming rights.
The two Serie A giants have shared the stadium since 1947, when Inter moved in. Milan, however, have called it home for an extra 21 years, playing their first game there in 1926.
The San Siro hosted games at both the 1934 and 1990 World Cups, receiving a huge revamp ahead of the 1990 tournament. It has also staged two Champions League finals - Bayern Munich's win over Valencia in 2001 and Real Madrid's 2016 success over Atletico Madrid.
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