Madejski Stadium area development plan revealed
The Thai owners of Reading Football Club are in talks with the council about plans for a conference centre development next to the stadium.
Reading Borough Council said "discussions are ongoing" about the site next to the Madejski Stadium.
Narin Niruttinanon, who has a 50% share in the club, was speaking about the plans to journalists in Bangkok.
No planning application has been lodged with the council.
A spokesman for the council said: "Reading Borough Council was approached by Reading Football Club representatives earlier this year regarding early proposals for a conference facility at the Madejski Stadium site.
"The council has not been given a definitive timeframe for any planning application being lodged by the football club, but if and when it is the application will go through the usual planning process."