The original stadium was demolished in 2013 to give a way for the construction of a new stadium. The self-supported cover was retained. The facade wall was retained as well, due to its architectural value and later was reconnected to a new building. Construction of the new stadium was completed in 2017.

The 2018 FIFA World Cup has been awarded to Russia and the Luzhniki Stadium has been selected by the Russia 2018 FIFA World Cup bid as the venue for the final, which will be held on 15 July 2018. The stadium will then join Rome's Stadio Olimpico, Berlin's Olympiastadion, Munich's Olympiastadion, Saint Denis' Stade de France and London's old Wembley Stadium as the only stadiums to have hosted the finals of the FIFA World Cup, UEFA's European Cup/Champions League and featured as a main stadium of the Summer Olympic Games.