Tottenham director Sir Keith Mills has revealed the club will make a 'definite decision' on a possible stadium move within a year.
The club has previously considered switches to the 2012 Olympic Stadium in Stratford and also the new Wembley as they chase the Premier League's high-grossing superpowers.
But Sir Keith, who led London's bid for the 2012 games and currently bankrolls Britain's America's Cup team, admits that while an expansion on the 36,000-capacity at White Hart Lane is essential to the club's ambitions, a move away from the old ground is not the only option.
He said: 'We've got to do something about the stadium.
'Daniel Levy (the chairman) stood up a couple of weeks ago at the AGM and said we know we've got to do something about the stadium and we promise you within the next 12 months we'll have made our decision and let the fans know what the plan is.
'A new stadium is an option. Everyone recognises that for a team to fulfil its ambitions it needs a bigger and better home and whether that's redeveloping the existing site or finding a new site are the options being looked at.
'The commitment from the board is that a decision will be made within a year and next year we'll know where we are going.'
Last October Spurs sporting director Damien Comolli ruled out a move to the 2012 stadium, declaring that arenas featuring athletic tracks generally produced a bad atmosphere.