Paris Saint-Germain will submit a bid to buy the Stade de France, a club spokesperson has confirmed.

The Ligue 1 champions said they would "explore alternative options" for their home stadium in January after Paris mayor Anne Hidalgo said the Parc des Princes – owned by Paris City Council – was not for sale.

A club spokesperson told AFP "we are candidates" to buy the Stade de France, which has been home to the France national team since opening in 1998.

A consortium of French companies, Vinci and Bouygues, holds the lease for the 80,000-seater stadium, with any potential buyout set to take place after 2025.

PSG's reported alternative option would be a "renovated" Parc des Princes – their home since 1974 – on which they completed a €75million upgrade over three years after extending their lease in 2013 to 2043.

The club would be willing to commit an additional €500million towards further renovations, but only if they owned the stadium, while another possibility may see them build a new venue located outside Paris.

PSG are eight points clear at the top of Ligue 1, but were knocked out of the Champions League following their last-16 defeat by Bayern Munich in midweek.