Milan and Inter could pay up to €1.3bn to buy San Siro

Clubs hope to secure deal before end of year to demolish stadium and build new one on its site

AC Milan and Inter Milan are reportedly in talks to buy the San Siro stadium for a figure that could reach €1.3 billion.

The two clubs have been playing their home games at the San Siro since 1947, but the stadium is now showing its age and is in need of major renovation.

Milan and Inter have been exploring the possibility of building a new stadium for several years, but they have been unable to agree on a location or a design.

The latest reports suggest that the clubs are now close to agreeing on a deal to buy the San Siro and demolish it to build a new stadium on its site.

The new stadium would be built in the Portello district of Milan, and it would have a capacity of around 60,000.

The cost of the new stadium is estimated to be around €1 billion, and the clubs would also have to pay €300 million to demolish the San Siro.

If the deal goes through, it would be the most expensive stadium ever built in Italy.

The new stadium would be a major boost for Milan and Inter, and it would also be a major landmark for the city of Milan.