Barcelona have been given approval from the city to move forward with a €600 million renovation of the Camp Nou.
The capacity of Camp Nou will be increased from 99,354 to 105,000.
"It's a hugely important project and the agreement is great for the club and for the city," Josep Maria Bartomeu told a news conference.
"It's a balanced and integrated project which benefits both the club and the city. It [the Camp Nou area] will become an open space, without barriers, with green zones and urban uses.
"But it will also be compatible with the club's needs -- the Camp Nou revamp and the construction of a new Palau Blaugrana.
"They said we would never see the 'new' Camp Nou, but that will not be the case. Now we can be sure that the Espai Barca project will be a reality."