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Headline AC Milan still to discover fate of planned 48,000-seater stadium

AC Milan are still waiting to discover whether they have been successful in their bid to acquire the city's former trade fair grounds for the construction of a new stadium.

A tender process ended several months ago and a decision over which bid the current land owners were going to accept was due last month.

That was put back to Monday to give more time to evaluate the various bids, but another extension was announced after a meeting.

That decision is now due on Tuesday evening with only two bids -- including AC Milan's -- in contention.

"In today's meeting, the general advisory panel for the Fondazione Fiera Milano unanimously decided to mandate president Benedini to meet once again with the two rivals AC Milan and Vitali SpA to receive definitive and exhaustive answers to questions which still to this day have not been answered," said the foundation which owns the land in a statement published by La Gazzetta dello Sport.

Milan would like to build a new 48,000-seater stadium on the former fair grounds and they are hoping to be given the green light to start works as soon as possible, to enable them to move in for the start of the 2018-19 campaign.

The whole project is likely to cost €300 million and should involve the creation of a venue which can be in use seven days a week, including shops and a hotel.

It would be only the third new stadium to be built in Italy's Serie A since the 1990 World Cup, following the Juventus Stadium and Udinese's new Stadio Friuli, both of which were built on the same site as their previous stadiums.

Roma are also hoping to move to a new ground by 2018 while Milan's move would allow Inter Milan to redevelop the San Siro and make that their own home.