The joint venture that outbid the Club and is the preferred bidder for the site has not ruled out the building of a stadium there. That joint venture between two Malaysian companies was chosen as the preferred bidder to buy the site for £400 million.
Chelsea has made public details of its plans for a 60,000 seat rectangular stadium that would include seats in the power station itself, according to a Property Week report.
The plans, designed by architects Kohn Pedersen Fox, include designs which include the west stand of the stadium being sited inside the power station, with the remaining three stands and the football pitch sitting just outside the power station.
A mixed-use development is proposed by Chelsea, which would include space for cafes, bars and restaurants under the west stand for match days, and shopping and gallery space for the public at other times.
The designs also include the biggest one-tier stand in world football, according to the report. This would have capacity for 15,000 spectators and would sit behind the goal on the south side of the pitch.
Battersea Power Station's iconic four chimneys and wash towers would be restored and retained, along with the grade II* listed west turbine hall and control room. The plans propose to demolish the eastern turbine hall.
The joint venture between Chelsea Football Club and Almacantar would redevelop a 3 million square feet mixed-use development on the remainder of the 39 acre site, according to the report on the plans.
Approximately one third of the remaining site would be used for residential housing which would include around 1,200 homes, and the remaining two thirds of the site would include half office and half retail space.
The joint venture has developed a plan to raise money to fund the entire estimated £560m cost of the Northern Line extension, which would run from Kennington to Battersea, according to the Property Week report.
Up to 60% of the Chelsea and Almacantar scheme could be delivered in the first phase of the Battersea redevelopment, the joint venture said, according to the report. It could be completed by the end of 2017.
The preferred bidder for Battersea has not completely ruled out the possibility of including a stadium on the site, but said it needs to talk to local councils, the Mayor of London and Transport for London to gauge expectations.
"I don't want to say anything right now, but from what I know, from what I read...a stadium is out of the question," said Mr Liew, part of the preferred joint venture bidder.
