As part of this process, the six-time European champions have committed to engaging with the local community and other key stakeholders while pursuing a vision in keeping with the club’s aspirations.
As a direct result of this development, existing outline planning permission will be allowed to lapse in order to allow work to continue on alternative options with a view to submitting a new planning application for a larger scheme in due course.
Liverpool FC chief operating officer Andy Hughes said: “The progress that has been made during ongoing feasibility studies has resulted in us being in a position to allow the outline planning permission to lapse.