Tottenham Hotspur have announced plans for a new 60,000-capacity stadium near to their current White Hart Lane home.
The Northumberland Development Project is still in the early planning stages and there is no firm timescale yet set down for the expected completion of the build.
Spurs chairman Daniel Levy commented: "The scheme includes the current site and adjoining land, with the stadium sited to the north of the existing one.
"With a waiting list for season tickets of over 22,000 and club membership levels of over 70,000, our need for an increased capacity stadium has been clear for all to see for some time.
"Having reviewed our stadium options it was clear that there were a limited number of alternative sites to our current location.
"Following discussions with Council bodies, the LDA, Transport for London and local and central government officials, redeveloping the existing site emerged as the most viable route.
"We have spent five years buying and taking options over property around the current stadium site to enable us to either develop locally or to gain the critical mass to achieve a substantial site sale as a contribution to a relocation.
"To date this includes almost 60 separate property transactions, including 40 residential and potentially 160 commercial properties at a commitment of £44million.
"The public consultation period will now begin and we would hope to submit a planning application in 2009.
"I am personally delighted that we have been able to put forward a viable option which we know to be the fans' favourite - remaining at the club's spiritual home."