Premier League champions Chelsea are looking to redevelop Stamford Bridge in order to increase capacity rather than leave their home of 110 years.

The Blues, who are 2.38 to successfully defend their league title next season, want to create room for 60,000 fans in the future, with their ground only able to hold 41,798 supporters at present.

The club had been looking at other sites for a new development but it now seems feasible that Stamford Bridge can be used, although Chelsea would be forced to find a temporary home for around three years.

“A year ago a study of the area from Fulham Broadway to Stamford Bridge and beyond was commissioned by Chelsea Football Club owner Roman Abramovich to examine the potential of upgrading the streetscape,” said a club statement.

“The study also began to assess the feasibility of an expansion of the stadium capacity within the existing historical site boundary, based on the principles of improving site access, benefiting the neighbourhood and enhancing the spectator experience.

“Mr Abramovich has appointed a professional team to assess, in more detail, the feasibility of expanding the existing stadium capacity at Stamford Bridge Grounds.

“The process now enters a further local consultation phase. This will include an explanation of the rationale for expansion, driven by spectator demand for more seats and the need to increase stadium revenue to remain competitive with our major rivals, this revenue being especially important under Financial Fair Play rules.”

The redevelopment work could reportedly cost £500million as Chelsea look to upgrade their facilities to the same level as Arsenal in the north of the capital.