Liverpool are set to reveal plans to extend the capacity of Anfield to 60,000 rather than build a new ground on Stanley Park.
The BBC reports that the redevelopment would cost in the region of £150m and Liverpool would commit to building a hotel as part of the project.
If the process remains on schedule, work would begin in 2014.
Details will be confirmed on Monday morning when the city council announces new proposals for the area.
The redeveloped Anfield will be the centrepiece of the council's £175m regeneration project of L4. It will confirm it has given the go-ahead to a series of compulsory purchase order consultations on houses that would need to be demolished.