Reading chairman Sir John Madejski says the Premier League club are to resubmit a planning application to expand the club's stadium.
However, the expansion will only go ahead if the club remain in English football's top flight.
The Royals are owned by Russian tycoon Anton Zingarevich, who has ambitious plans for the Berkshire outfit.
"We are going to apply for planning permission again for that eventuality," Madejski told BBC Radio Berkshire.
Permission to expand the stadium was initially granted in 2007 but, under the approved plans, work would have to start by November 2013, a scenario which is now unlikely, given they would only decide to go ahead in the summer.
The current plans allow the club to expand the Madejski Stadium by more than 50%, to increase its capacity from 24,500 to 38,000.
"Everything has to be considered," added Sir John.
"It's important we get the squad right, we've got a great facility here already and the more we progress, the more chance we have of staying up and moving forward."