The Parkhead club submitted a Proposal of Application Notice to Glasgow City Council for the potential development.

The application is part of Celtic’s long-standing masterplan for the area, which aims to deliver benefits to the club and supporters as well as allow further regeneration of the East End of the city.

Celtic pointed out the application represents “only the first stage” in the process and it is “important to emphasise that considerable work and investment over a number of years would be required”.

A statement from the club added: “There would be a number of challenges to overcome to complete a development of this scale.

“Celtic aims to be a world-class football club in everything it does. We are pleased to have made significant investment in recent years to develop the stadium and public realm area for the benefit of our supporters.

“Any further development of this kind would be a hugely positive step for the club, for our supporters and for the local community.”

Holmes Miller has been appointed by Celtic Football Club as architect for the project.