Tottenham have applied for public funding to help resurrect the plan to redevelop their White Hart Lane home.
In 2008, the Northumberland Development Project was launched by Spurs to turn the ground into a 60,000-seat stadium.
However, soaring costs meant the plan, which involved building a new stadium on the current site, was shelved.
"We are working hard to make the NDP scheme viable and enable us to stay in Tottenham and redevelop our existing site," said Spurs chairman Daniel Levy.
The north London club are also continuing to dispute the Olympic Park Legacy Company's decision to award West Ham the rights to move into the Olympic Stadium in east London after the 2012 Games.
However, with the majority of Tottenham supporters desperate to stay in the borough of Haringey, the club have applied to the Regional Growth Fund for a grant.
"Public sector assistance for infrastructure and public realm works would enable us to deliver the project and the RGF represents the single most important route for funding," Levy continued.
"Our hope must be that there is a recognition of the real need for investment in the Northumberland Park ward and that this project presents a real opportunity to deliver sustainable long-term, private sector-led regeneration."
It is hoped the grant would help create jobs and possibly fund an underground station near to the ground.
Tottenham MP, David Lammy, who has campaigned to keep Spurs in Haringey, said: "I support this bid by Tottenham Hotspur, which has the opportunity to transform an entire community with the highest unemployment in London.
"The plan to redevelop White Hart Lane is far and away the most exciting regeneration project in London after the Olympics, and it is encouraging that it is private sector-led.
"This Regional Growth Fund proposal will benefit everyone in Tottenham and I urge the government to agree to Spurs' bid."