Crystal Palace has announced a massive, multi-million-pound revamp of its Selhurst Park ground.

The project will cost £75 to £100m and will increase capacity from 26,000 to more than 34,000.

A new five-storey stand will be built at the club’s home of 93 years.

Other improvements include a bigger pitch, hospitality and entertainment facilities for more than 2,500 supporters and a museum, documenting the club’s rich history.

Crystal Palace chairman Steve Parish said: “We need a stadium that reflects who we are, how far we have come and where we want to go - a stadium that South London can be proud of, a home worthy of our incredible support and unique atmosphere and this great Premier League we represent.

“We have worked long and hard and looked at several options over the years, including returning to the original site of Crystal Palace, which wasn't viable.

“While we can't go back to it, we can build a new one and today I am proud, in conjunction with our partners KSS, to introduce a new Selhurst Park with a new Crystal Palace for a new era.

“We are creating a new home worthy of our club, our fans and our community, and a celebration of our 112 years in south London.”

Stadium architects KSS have been chosen to design the club's new home. The firm was behind the redevelopment of sporting venues including Anfield, Twickenham and Wimbledon.

Part of their design includes a central vaulted arch, with the famous Eagle crest. The design is a reminder of the iconic 1851 Exhibition Hall, and eagle wings flank the 41-metre structure.

The inspiration for the project is the club’s heritage and roots in South London. The original Crystal Palace was a huge glass house built on a cast-iron frame.

It was moved to Sydenham Hill in 1854, after being showcased in Hyde Park for the Great Exhibition of 1851.

Nick Marshall, director of architects KSS, said: “Our brief was to create an impressive sense of arrival and an experience the fans can be proud of, retaining the special atmosphere at one of the best grounds in the country.

“It’s already one of the best places to watch football and we certainly don’t want to ruin that, it has to be driven by the fan experience.

“There’s going to be a great relationship between the new stand and the Arthur Wait Stand, which is going to work fantastically.

Plans will be submitted to Croydon Council in January. If planning permission is given, work will begin in the next 12 months.

The project is likely to take up to three years to finish.

The existing Main Stand will keep being used throughout the building process.

Mr Marshall said: “It’s a very exciting project and we are privileged to be working on it with Crystal Palace.”