A renovation would have taken around five or six years and cost around £452million.
Their new stadium will be more expensive, in the region of £576million, but will take just three years to complete.
AC Milan chairman Paolo Scaroni revealed in June that a new 60,000-seat stadium will be built next to the San Siro and two potential stadium designs were revealed this week.
The Cathedral design draws inspiration from the Duomo di Milano church in the heart of the city with some environmentally friendly features including rainwater harvesting, zero emissions and solar panels.
American company Populous are behind this concept and are the ones who designed Tottenham’s new state-of-the-art stadium.
LATEST FOOTBALL NEWS
Xhaka named permanent Arsenal captain, Klopp gives update on Alisson
'I trust and believe in him' - Unai Emery confirms who Arsenal's new captain is
Unai Emery explains decision to name Granit Xhaka Arsenal captain
Compared to Ronaldo and beating Beckham record, wonderkid has Real Madrid excited
Everton vs Man City: Sergio Aguero to return at Goodison Park
Man United must pay big fee if they want Pochettino to replace Solskjaer - reports
El Hadji Diouf launches his latest attack on 'bottlers' Liverpool
Lose to Arsenal and Solskjaer will do what no boss has done in more than 40 years
The second design is labelled ‘The Rings of Milano’ and would change colour depending on whether AC or Inter are playing.
Plans also include a large skyscraper next to the stadium.
“AC Milan and FC Internazionale have shared a stadium in San Siro for more than 70 years,” said AC Milan chairman Paolo Scaroni.
“The project’s strength is the two club’s commitment together for the new Milano stadium.
“It means increased investments and a common goal to give the city a sports and entertainment district which is alive all year round thanks to events involving both teams and creating jobs for more than 3,500 people.”
The clubs hope to open the new stadium for the start of the 2022/23 season.
He was given the nod for Roma’s league clash at home to Atalanta and while Smalling made a few good challenges in the game, his new side suffered a 2-0 defeat.
This is Roma’s first defeat of the season.
“I’m happy to make my debut at home but disappointed not to win,” Smalling told the official club website.
“We have big dreams and aspirations this season and we need to win our home games. We need to make sure we don’t slip up too many more times at home this season.”
Former Manchester City striker Edin Dzeko had the first real chance but his effort was well saved by Pierluigi Gollini.
The away side almost scored minutes later but Josip Ilicic’s half-volley went just wide.
Nicolo Zaniolo should have scored just after the break but the Roma man took too long to get his shot away after rounding the Atalanta keeper inside the area.
LATEST FOOTBALL NEWS
heed my advice
Solskjaer told how to fix Man United... by former Arsenal chief Wenger
Real Madrid plot double Spurs raid, Sterling a 'perfect Barcelona singing' and more
'We are a laughing stock' - West Ham fan's rant is talkSPORT's angriest call ever
new year sales
West Ham star, wantaway Spurs ace - who Man United should target in January
Pellegrini's message to West Ham flops after humiliating 4-0 defeat to Oxford
Rochdale's teen ace: From a goal at Old Trafford to sitting psychology exam
Areola stuns on debut with incredible one-handed catch as Real move top of LaLiga
Chelsea cup tie comes at bad time for Man United who face four away games in ten days
Jose Palomino then went close for Atalanta but they did take the lead when Duvan Zapata rifled in the opener moments later.
Roma were nearly level soon after but Nikola Kalinic’s shot was blocked by a last-ditch challenge.
“I think in the second half there was more urgency. The first half was very cagey, there were very few chances. We needed to get on the front foot a bit more, especially because we were playing at home. We did that a bit more in the second half but we started a bit too slowly.”
Smalling seemed to have cramp towards the end, when Atalanta took control through Zapata before Marten de Roon wrapped it up in the 90th minute and the England man acknowledged as much.
“But this was my first competitive game of the season,” he added. “I knew that. So come 70 minutes I was starting to feel it a little bit in the legs. But I know having this first game in the bank, for the next game I’ll be a lot stronger and sharper for it.
“I think that in Italy there are no easy games. I have watched a lot of Italian matches, both before I got here and since I arrived. Each game is going to be a tough battle.
“Today there were two teams that did not give much away, and there were only one or two chances in it. Each game is going to be a battle but that is a challenge I’m relishing.
“I enjoyed being back playing. It was my first game and I enjoyed playing at the stadium. But I just want to help the club achieve some big targets this season.
“It was a close game and the first goal was always going to be crucial. I know that every game is going to be a battle and I’m ready for that – bring on Sunday.”
The 26-year-old’s latest comments are not the first time he has taken aim at his former side, claiming he was now doing ‘real work’ in Milan not long after clinching his move away from the Premier League.
“It’s hard, man,” he told Otro. “It’s different. In England, it’s a lot of work, but here it’s real work.”
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.