The Stamford Bridge club are assessing whether they can revamp their existing stadium, or if they need to build a new one.
Per The Sun, co-owner Todd Boehly and others in the club's hierarchy are going over various plans.
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The club will have to make a decision soon, as any of the options will be time consuming and expensive.
The goal is a 2 billion expansion of their existing 40,341-capacity stadium in West London.
However, the process would take so long that the club may have to play elsewhere for five or six years.