Real Madrid are finally on the verge of beginning an extensive renovation of the Bernabeu after more than 10 years of delays. Plans include the addition of a futuristic silver steel 'skin' capable of screening images, an extendable roof, and larger retail and food spaces.

The rebuilding work is expected to take three-and-a-half years but will not prevent the playing of games at the Bernabeu.

Speaking at an event at the stadium on Tuesday, construction magnate Florentino Perez said everything was in now place for the remodelling to get under way.

"We should remember this moment in future for its transcendence -- today's event marks the start of the countdown to the beginning of our new stadium," he said.

"It will be a key project for Real Madrid and for the city, as the new stadium in the heart of Madrid will be the best stadium in the world -- the most modern, most comfortable and most secure -- and an important source of revenue for this club.

"With all the planning issues now resolved, next week we will sign a financing contract for the works.

"And in late April, the winners of a competition to carry out the construction will be announced, with the goal of beginning as soon as possible following the end of the season."