Swansea City are in talks to "take control" of the Liberty Stadium by leasing their home ground.
Swansea council built the £27m stadium where Swansea and the Ospreys rugby team have played since 2005.
The Swans and the Ospreys currently pay rent to the Swansea Stadium Management Company (SSMC) - a partnership between the council and two clubs.
Under the new deal, Swansea would run the stadium, increasing the scope for stadium expansion and renaming.
According to the club's chief operations officer, Chris Pearlman, the "current stadium arrangement puts Swansea City at a competitive disadvantage compared to other Premier League teams".