Chelsea may have to find a new home for three years during planned expansion works at Stamford Bridge.
The champions are looking into the possibility of increasing the stadium’s capacity from 41,789 to around 60,000 to help them compete with Europe’s elite.
Chelsea had previously looked in to building a new stadium at Earls Court, White City and Battersea Power Station but are now firmly focused on redeveloping their current home.
The club have been looking into the possibility of installing decking over the railway lines to the east and north of the ground.
Wembley Stadium - before and after in pictures:
This could create landscaped public walkways and cycleways, while also reducing pedestrian traffic on Fulham Road and nearby streets on matchdays.
Chelsea are also looking into the possibility of digging below street level.
The bill for the works is estimated to cost as much as £500million, which Billionaire Blues owner Roman Abramovich would have to fork out for.
It is expected the revamp could take up two seasons, meaning Jose Mourinho’s side would need to relocate temporarily.
Both Wembley and Twickenham have been sounded out as potential temporary homes as the club look to continue playing in London during that period.
Abramovich, who is keen to see his team rivalling Europe’s top clubs with a stunning new stadium, last year ordered a study of the area from Fulham Broadway to Stamford Bridge and beyond.
Twelve months on and the process is now moving onto a local consultation phase with the club set to explain the rationale for expansion.
Season ticket holders and local residents are being invited to offer their input as part of a consultation process and can view plans at an exhibition at the Bridge from June 30 to July 2.
The club's supporters trust has welcomed the news and the proposed discussions.
Europe's top football stadiums in pictures: