It will be built on a site acquired from the University of the West of England on its Frenchay campus.
The football club says that its current Memorial Stadium, home since 1921, 鈥渋s no longer fit for purpose and does not fit with the club鈥檚 aspirations鈥�.
The new stadium will be funded by selling the existing ground to Sainsbury鈥檚 for a supermarket and聽for housing development.
Planning permission is still required for both sites but the club says that it has taken soundings from both local authorities and received favourable responses.
The aim is to submit a planning application in the autumn, be on site by spring, and in the new stadium for the 2013/14 season.
The new stadium is expected to cost 拢40m to build. It will have a low-profile bowl design, cut into the sloping landscape.
The club had planned to redevelop the Memorial Stadium but decided it was cheaper to move.
Club chairman Nick Higgs said: 鈥淭he topography of the site suits a cut into the site, and we have managed to design this to make the proposal incredibly economical. If we built the same stadium out of the ground it could double the cost.鈥�
He added: 鈥淭he beauty of this site is that it is economical to develop.鈥�
The club was relegated to League Two at the end of last season.
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