The club says its plans for a 52,000-capacity stadium have been approved by the secretary of state.
Everton’s plans for a new 52,000-seater stadium have received final approval from the government, the club has said.
The Bramley-Moore Dock site on Liverpool’s waterfront was given council approval in February, but the government had asked for time to review the proposals.
The Premier League club has played at Goodison Park since 1892 and has been looking for a new home for 25 years.
The club said they could now proceed, adding it was a “momentous day”.
A spokesman said the Toffees had received written confirmation of the approval after Communities Secretary Robert Jenrick reviewed the plans.
Fans, former players and supporter groups expressed their “delight” on social media and said it was “a huge day”.
Former defender Michael Ball said the future was “bright” for the club.
The new stadium will be situated within developer Peel’s £5.5bn Liverpool Waters site.
The director of development for the site, Darran Lawless, said the firm were “delighted” with the decision.
Historic England, which had objected to the new stadium on the grounds it could harm the city’s heritage, said it understood “the strength of feeling for the stadium among many Liverpudlians and respect the process which has led to this decision”.
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