ATLANTA -- Major League Soccer and Falcons owner Arthur Blank are planning a "major announcement" Wednesday, on the future of MLS in Atlanta.

Blank has long coveted a top-level soccer team for the city, and negotiations with the MLS intensified after he reached a deal on building a new $1 billion retractable roof stadium next to the Georgia Dome. Site preparation is underway, and the new dome is expected to open in 2017.

Both the MLS and a top official from Blank's organization acknowledged last week that the two sides were close to a deal.

Blank, MLS Commissioner Don Garber and Atlanta Mayor Kasim Reed are scheduled to be at the news conference.

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