Lazio on Tuesday presented their project to renovate Rome's Stadio Flaminio and make it the new home of the Serie A club.
The complex has fallen into a state of neglect after the Italian national rugby team stopped using it for its Six Nations games following the 2011 tournament and moved to the larger Stadio Olimpico.
"Today we're not simply presenting a building project, we're presenting a vision," said Lazio Chairman Claudio Lotito.
"What we do today will impact future generations.
"The redevelopment of the Stadio Flaminio isn't just about Lazio, it's about Rome, its urban history, and its ability to look to the future with responsibility".
The club currently plays its home games at the Stadio Olimpico, which is owned by the Italian Olympic Committee (CONI).
AS Roma, who play at the Olimpico too, plan to build a totally new stadium in the Pietralata area of the capital.
Lotito said Lazio have already presented a formal expression of interest in the renovated Stadio Flaminio hosting matches at Euro 2032, which Italy will co-host with Turkey.
"It is an act of responsibility and vision to put Rome and the Stadio Flaminio in a position to participate in a major international event, should the technical and institutional requirements allow it," Lotito said.
"We are aware that the venue selection process will be competitive and that our city is expected to field multiple candidates.
"For this very reason, we want to address this issue methodically, transparently, and with planning.
"The Stadio Flaminio was created for the 1960 Olympics.
"Today, it can aspire, with balance and seriousness, to return to the circuit of major European events".
Most of Lazio's season-ticket holders did not attend the club's last two home matches in protect at Lotito's running of the club and his failure to build a team capable of competing for the Serie A title or international trophies.
They are currently ninth in the league table, 28 points behind leaders Inter.
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