Liverpool have received the go-ahead from the city council to build a new 60,000 all-seater stadium.
Liverpool are set to leave Anfield after 114 years
Council leaders approved a 999-year lease on Friday for a piece of land in the city's Stanley Park, just 300 yards away from their Anfield home.
"It's all systems go. All we need now is the club to confirm the funding," said council leader Warren Bradley.
Liverpool have until the end of September to convince the council it can come up with £180m for the project.
If financing is approved, building work could begin early next year with the first match pencilled in for August 2009.
Bradley added: "If Liverpool have the funding in place, they can start on the site from January."
The overall cost of the first phase of the project will be £215m.
It includes the new stadium which incorporates a centre with facilities for education, sport and community activities, along with a fully restored Stanley Park.