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Sir Jim Ratcliffe wants it to be a Wembley of the north and Andy Burnham described it as the "biggest regeneration project" that the north of England will ever see. It's fair to say a new Old Trafford will not come cheap.
The wheels are already in motion as Manchester United look to make a real statement in their first summer transfer window under Ineos.
Manchester United football director John Murtough and head of director of football negotiations Matt Hargreaves flew to Barcelona for a routine meeting on Monday.
Borussia Dortmund could reportedly target Mason Greenwood this summer, abandoning the idea of signing Jadon Sancho in the process.
Gary Lineker has reacted to a report claiming Manchester United will try to sign Harry Kane when transfer window reopens. The 30-year-old striker only left Tottenham Hotspur to join Bayern Munich in the summer yet he continues to be heavily linked with a move to Old Trafford.
Gary Neville says the Old Trafford regeneration is "really important" as the former Manchester United defender admits there is a lot of work and questions to answer for.
Manchester United will embark on a major summer rebuild of the squad in the summer. New co-owner Sir Jim Ratcliffe and his Ineos group have taken over football operations at Old Trafford after their investment last month and are already making plans.
Manchester United are continuing to monitor Everton duo Jarrad Branthwaite and Amadou Onana.