Image: Inter Milan shares the iconic San Siro venue

China Railway Construction Corporation (CRCS) has confirmed that one of its subsidiaries is "in negotiations" over a proposed new stadium for Italian football club Inter Milan.

According to a statement, China Railway 15th Bureau Group Co. is in talks with parties such as Inter Milan itself over the development of the venue at San Donato in Milan.

A spokesperson for Inter Milan said the stadium is expected to be completed by 2017, while all parties will be involved in selecting sites and appointing the project team.

It comes after Internazionale Holding announced a group of Chinese investors had acquired a stake in the Serie A club - becoming the second largest shareholder.

The investors will be represented on the board by Kamchi Li, Kenneth Huang and Fabrizio Rindi with effect from October. CRCS is not thought to be part of the consortium.

Click here for the Internazionale Holding announcement and click here for the China Railway Construction Corporation announcement.

Image: Bergpavian