REAL MADRID have released stunning pictures of their plans to revamp the Bernabeu stadium with work due to start at the end of the season, according to club president Florentino Perez.
The project is expected to cost around £500million, with plans approved by Madrid City Council, the club are aiming for the project to be completed by October 2022.
Perez predicts the new stadium will eventually pay for itself by generating an extra £130m-a-year.
Plans for the revamped Bernabeu include a retractable roof and pitch, as well as a metal envelope around the outside, which will be able to project images and videos.
As well as the eye-catching new roof, there will be improvements to security, access, shopping and eating facilities, the club museum and areas surrounding the stadium.
Perez spoke to the media alongside the Mayor of Madrid, Manuela Carmena.
He said: “The plan has been approved.
"That's why I want you to know that next week, we will sign the final contract and during the month of April we will begin allocating the projects with the aim of starting as soon as possible when this season finishes."
The Bernabeu is one of the most famous grounds in world football and it has been the home of Los Blancos since 1947.
Madrid's final home match of the campaign is against Real Betis and scheduled for May 19.
The Bernabeu's capacity of just over 81,000 will only be reduced by just one seat, according to the plans.
Perez added: “We want it to be an iconic stadium for the future.
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"We will fund it from the money we will make from the new stadium.
“We want Real Madrid to be competitive in what is now a new landscape of world football.”
Real Madrid are 12 points behind leaders Barcelona and turned to Zinedine Zidane who quit last year to replace Santiago Solari who was sacked after their Champions League exit to Ajax last month.