The Spanish giants released plans in March for a new-look stadium that will see capacity increased from 99,354 to 105,000 spectators.
But the latest update from Barcelona revealed that the project, designed by a Japanese architecture firm, Nikken Sekkei and Pascual i Ausio Arquitectes, is likely to cost €600 million ($895 million) and be completed by 2021.
"The Nikken Sekkei + Pascual i Ausio Arquitectes proposal stands out for being open, elegant, serene, timeless Mediterranean and democratic," a Barcelona statement read.
"It is also notable for its relationship with the environment, providing depth, creating shadows and making members the stars of the facade and of the open area at all times."
The modern, eco-friendly, re-designed Camp Nou will include a "spacious sky deck over-looking the seating bowl and the city", while harvesting water and energy from the sun.
It's believed that the stadium redevelopment, the bulk of which will take place during Barcelona's off-season, will be financed by a naming sponsor similar to Arsenal's Emirates Stadium deal.
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