Queens Park Rangers today confirmed they are in talks over building a new 40,000 all-seater stadium as part of a massive redevelopment scheme at Old Oak Common.

The club have made finding a new ground a priority since owner Tony Fernandes took over two years ago.

Old Oak Common, which is close to Loftus Road, has been identified as a potential site for some time with 100 acres of land available earmarked for a huge building scheme.

Loftus Road’s capacity is just 18,439 and the hierarchy know that a bigger venue is vital to progress.

A club spokesman said: “We are looking at a number of potential options for a new stadium and believe that Old Oak could provide one possible solution.

“We have met with representatives of the GLA and the supporting local authorities to discuss whether a football stadium could be incorporated into any plan that comes forward for this site.”

Old Oak Common has already been earmarked to have major transport links in place in future, with the potential for both Crossrail and a new London to Birmingham rail service passing through there.

Plans are in place to build offices and 19,000 homes there too, which would help Rangers’ chances of boosting their fanbase and filling the ground.

It has been reported that negotiations with Hammersmith and Fulham council and the Greater London Authority are at an advanced stage, although it will take several years for the building scheme to be carried out.

Rangers will be asked to contribute £200m to the venture but money should not be an issue as AirAsia owner Fernandes and the wealthy Mittal family are part of the hierarchy.

The club would also be able to raise funds from the sale of Loftus Road, which should command a large fee given that it is in west London and can be used to build properties on.

But speaking last month, chief executive Philip Beard admitted that the club had yet to commit to just one idea.

He said: “We’re making progress but it’s important we’ve got three or four options. If you decide you’re only going to pursue one option and nothing works you’re back to the start again. We’ve got plans and want to stay as close as we can to Loftus Road, that’s important. We want to recreate the atmosphere but if we’re going to do something it’s got to be a multi-use facility.”

Wherever Rangers move to, plans are also believed to be in place for it to be named the AirAsia Stadium. Rangers are hoping to start work soon on building a new £25m training ground at the Warren Farm site in Southall. That project is still the subject of a legal challenge from local residents but the club do not expect any problems.