EVERTON is in talks with £2bn property giant Peel Holdings to build a new stadium at Switch Island.
The company, one of the biggest developers in the UK, is offering the land it owns at Netherton.
Peel, led by multi-millioniare recluse John Whittaker, will provide a feasibility study into building the ground.
The news is a massive step for the club.
Peel Holdings has a record of pulling off major developments around the country.
It owns Liverpool John Lennon airport, Mersey Docks and Harbour Company, the Manchester Ship Canal and the Trafford Centre.
A senior Everton source said the study is entirely at Peel's expense and would not cost the club a penny.
A City source close to the talks told the ECHO today: "The plan is for Peel to build a new stadium for Everton to gradually acquire it on a lease scheme.
"Over the medium term the plan would be a win-win for both parties."