FIFA are yet to formally make the announcement but it seems like a done deal, with SP Mayor Gilberto Kassab confirming it was imminent.
So, Itaquerão it is. (See images of the proposed stadium here.)
Questions still remain. Will it be ready in time and just what are the chances it will come in on or under its stated budget of approx. 820 million reais?
Slim, and none, if you ask me.
More details here in my Financial Times piece.