Liverpool will move a step closer to starting the redevelopment of Anfield when the city council announces new plans for the area on Monday.

Reds owner John Henry wants the club to remain at Anfield, rather than build a new ground on Stanley Park.

The council will announce it has given the go-ahead for a series of compulsory purchase order consultations on houses that would need to be demolished.

If the process remains on schedule, redevelopment would begin in 2014.

Residents raised concerns earlier in the year about the plans to expand Anfield  and it remains unclear how far its current capacity of 45,276 would increase and how many houses would be affected by any compulsory purchase orders.

Neither the club nor the local authority have made any official comment on the matter and the exact cost of the redevelopment is unknown.

Liverpool have looked into adding an extra tier to the stadium, including more corporate facilities for the Anfield Road and main stands, and while the club have also explored options for building a new stadium, the opportunity to stay at Anfield appeals to Henry.

Fenway Sports Group, who also own American baseball team Boston Red Sox, faced a similar situation with the Red Sox ground, Fenway Park.

After conducting a feasibility study lasting about a year, FSG opted to redevelop the 100-year-old ground.

Henry has previously sought to dispel the "myth" that the size of the stadium is critical to Liverpool's financial prospects, stating: "A belief has grown that Liverpool FC must have a new stadium to compete with [Manchester] United, Arsenal and others."

"While a new stadium or an expansion of Anfield is beneficial over the long term for the club, the financial impact of adding seats and amenities should be put into perspective.

"That's why I say that it is a myth that stadium issues are going to magically transform LFC's fortunes.

"Building new or refurbishing Anfield is going to lead to an increase from £40m of match-day revenue to perhaps £60-70m if you don't factor in debt service.

"Our future is based not on a stadium issue, but on building a strong football club that can compete with anyone in Europe. This will be principally driven financially by our commercial strengths globally."