Architects Hernando Suarez and Gino Zavanella have led the design project for the ground that is set to become Juventus' home from the 2011-12 season at a cost of 105 million euros.

Unlike the unpopular Delle Alpi, the stadium will have no running track in order to foster an intense atmosphere for football matches. Luxury executive boxes and a commercial centre, which is set to open seven days a week, will also be part of the development.

Juventus president Giovanni Cobolli Gigli told the club's official television channel: "Today the home for all Juventus fans is born. A modern and safe stadium to enjoy the matches with more intensity not only by watching from just a few metres from the field but by listening to all the sounds and voices typical of a football match.

"Juventus is the first club in Italy to have its very own stadium and this is a reason to be proud. It is also a great opportunity for the club to diversify its income and find different means to invest in the future."

Speaking at a press conference alongside club director general Jean Claude Blanc, Juventus captain and record goalscorer Alessandro Del Piero said: "I'm quite emotional.

"Once again Juve have proven to be number one with a new and also bold project, not only from an economic standpoint, but also from a safety point of view because football has experienced many tragedies.

"In three years' time we'll no longer have to be jealous of the stadia of Milan, Manchester United and Real Madrid.

"It is a fantastic moment. It is a project that brings great pride to me and many that have accompanied Juve for many more years."

Juventus currently play at the 27,500-capacity Stadio Olimpico di Torino.