The San Siro has been home to both AC Milan and Inter since 1947.

It's one of the most iconic stadiums in world football and a decade ago it was up there as one of the most feared European away trips for any team.

Although both Milan clubs have dropped away from the top in recent years, their shared home in the Italian capital is still one of the greatest venues in all of sports.

But it may not be around for much longer, because discussions are on-going regarding an overhaul of the San Siro site.

As reported by Gazzetta dello Sport, AC Milan have been leading those talks as the club is keen to move on.

Inter were originally less open to moving out of their historic home, but according to developments this week, the Nerazzurri are now onboard with the idea.

Gazzetta has revealed that two clubs can now move forward with the idea as they 'converge on a shared project for the new stadium'.

The next step is to present a plan to the Municipality of Milan, which needs to be done by the end of April - but could be submitted as early as next week.

From there, the decision over the future of the San Siro is in the hands of the local authority, which is expected to approve the project.

Per The Sun, the plans that are being prepared have a move-in date of 2023 penciled in.

Their report goes onto suggest that the Milan clubs will present the idea of a new 60,000 seater stadium, modelled on the Metlife Stadium - which is home to two NFL teams from New York.

"We’ve been working on this project with Milan and we believe that a stadium we both own would be crucial for our growth," Inter chief-executive Alessandro Antonello said this week, per The Sun.

"Inter and Milan have been working on the San Siro project for several months now. We still have work to do, but the time is ripe.

"Soon we’ll inform the city council of what choice the two clubs have made. The city of Milan needs a stadium on par with those of the biggest cities in Europe."

It will be a huge shame to lose a stadium as iconic as the San Siro, but it sounds like both clubs are already set on the idea of reshaping their shared home.

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