The 71,500-seat stadium will carry the insurer’s name from day one, though the city’s sale of San Siro to the two clubs remains under investigation by Milan prosecutors.
Internazionale and AC Milan have revealed the design for their new 71,500-seat home, confirming it will be called Generali Stadium after the Italian insurer took the naming rights.
The stadium, presented at Milan’s Castello Sforzesco, will be built in the San Siro district.
A new symbol for Milano.
A new home for future generations of fans.
Generali Stadium 🏟️@GENERALI https://t.co/c7D0827E7T
— AC Milan (@acmilan) October 29, 2026
Construction is due to start in 2028, with the first match targeted for the 2031/32 season, “subject to the necessary approvals”, AC Miland and Inter said in a joint statement.
Should construction work go as planned, this would have the venue open a year before Euro 2032, which Italy co-hosts with Türkiye, and UEFA‘s Euro 2032 Director for Italy, Michele Uva, was among the guests at the stadium unveiling.
Lord Norman Foster and David Manica, who last worked together on Wembley, designed the stadium around a concrete X-frame and a double-curved roof. The two Curvas rise behind each goal as single steep stands, at angles of up to 37 degrees.
The stadium sits at the centre of a 281,000-square-metre redevelopment of the San Siro’s surrounding area, which AC Milan and Inter said will add public space, green areas, shops and leisure venues to keep the district active year-round rather than only on matchdays.
AC Milan, Inter unveil stadium naming rights
Alongside its naming rights, Generali will also become Official Insurance Partner to both clubs. Neither club disclosed the value of what they called “one of the largest stadium naming rights agreements in global sport”, though ESPN, citing sources, put it at €650m ($724m) over 20 years.
Generali Chairman Andrea Sironi and CEO Philippe Donnet said the stadium “will be a new symbol of Milan” and the deal reflected the insurer’s “confidence in the continued progress of the city and of the whole country”.
The project is backed by the clubs’ owners, RedBird Capital Partners at Milan and Oaktree at Inter. Milan President Paolo Scaroni has previously put the clubs’ investment at more than €1bn, and told reporters he had been working on the project since 2017.
What happens to San Siro?
San Siro, which opened in 1926, will stay in use until the new stadium opens. “The Meazza will remain intact until the new stadium is ready,” Scaroni said last October. Most of it will then be demolished, with part of the second tier kept as a heritage section, according to Reuters.
The clubs bought the stadium and surrounding land from the city of Milan for €197m in November 2025, days before a heritage protection order on the second tier was due to take effect.
Prosecutors opened an investigation into the sale the same day after a rival group complained it had not been given enough time to bid.
Nine people, including two former members of the city executive and consultants to the clubs, are under investigation.
Inter supporters protested before the stadium presentation, unfurling a banner which read “You will never extinguish the lights at San Siro”.
