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The Nou Camp is set to be renamed as Barcelona begin talks over the selling of stadium sponsorship rights.

Barca are preparing for a £500million renovation of the iconic venue, where the capacity will be increased to an incredible 105,000 by the end of the 2021/22 season.

But alongside a new roof, high definition video scoreboards and plush VIP facilities, the stadium is also poised to take on a new name.

Club chiefs are hopeful that they will be able to secure a sponsor for the Nou Camp during the first half of 2018.

(Image: REUTERS) (Image: Getty Images Europe)

Sport report that Barca have already began negotiations with global companies over the possibility of taking the rights.

The Catalan giants are hoping for in excess of €200million (£179m) in a deal.

Sport business leaders Van Wagner have been employed by Barca to flog the rights for a premium price.

(Image: Barcelona FC) (Image: Barcelona FC)

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The selling of stadium naming rights has become increasingly popular in the sport industry.

In the English Premier League, eight of the 20 teams have a sponsor on their stadium.

Barcelona matches will continue undisrupted as the work commences during next season, which will include extending the roof across all stands at the ground.