Aurelio De Laurentiis confirmed Napoli will remain at the Stadio San Paolo and revamp it together with the local council.
A few days ago the President had threatened to walk away from the iconic venue  and build a new stadium in nearby Caserta.
“I can announce that the San Paolo will remain Napoli’s home,” declared De Laurentiis after today’s meeting with Major De Magistris.
“We reached an agreement, there will be a bilateral commission set up by the Naples Council and Napoli football club, but we have already found the solution which will be innovative.
“Napoli will have the rights to ownership of the stadium and the adjacent zones, so to do everything we need to make it to the maximum level of European standards. The Caserta option has been abandoned.
“We got into details, establishing a deal on the fact this stadium will be in Naples with guaranteed returns of investment.”
De Laurentiis was in London last night for Napoli’s 2-0 Champions League defeat to Arsenal.
“I didn’t sleep after the game,” he confessed. “Arsenal had Mesut Ozil, but we were unable to counter him with Gonzalo Higuain. We will be able to get back on our feet. It was a negative night and that is all.”
Higuain failed a fitness test and is also expected to miss Sunday’s Serie A match against Livorno.