Real Madrid president Florentino Perez has announced that planned redevelopment of the club's Santiago Bernabeu stadium will begin at the end of the season.
At an event on Tuesday, Perez said that construction can begin soon as Real look to revamp their 81,000-capacity venue, per ESPN FC's Dermot Corrigan:
Real Madrid shared a video of what the Bernabeu will look like once the renovations have been completed:
The president added that the renovations will be funded by the increased revenue they are expected to generate.
Madrid's mayor, Manuela Carmena, was also in attendance at the event and gave further insight into the spending on the project:
The club's revamp of the Bernabeu comes amid a reported overhaul of the squad this summer.