Designed by the architect João Batista Vilanova Artigas.,[5] the stadium is a monument of brazilian modernism and in 2018 was formally marked as a cultural building by São Paulo’s prefecture.

The area was too small for the construction of a large stadium, so studies were done to find another home within the city of São Paulo.

A committee to oversee its construction was elected, and consisted of: Cícero Pompeu de Toledo (president); Piragibe Nogueira (Vice President); Cássio Luís dos Santos (Secretary); Amador Aguiar (Treasurer); Altino de Castro Lima, Carlos Alberto Gomes Cardim, Luis Campos Aranha, Manoel Raymundo Paes de Almeida; Osvaldo Artur Bratke, Roberto Gomes Pedrosa, Roberto Barros Lima, Marcos Gasparian, Paulo Machado de Carvalho; and Pedro Pinto Filho.

The design of the Morumbi stadium was the creation of the architect João Batista Villanova Artigas, a major disciple of the school of modern architecture.

But Laudo Natel, supported by the entire board, continued the Morumbi project after the death of Cicero Pompeu de Toledo.

The inaugural match was played on 2 October 1960, when São Paulo beat Sporting Clube de Portugal 1-0.

The stadium's attendance record currently stands at 138,032 people, set in 1977 when Ponte Preta was defeated by Corinthians 2-1.

However, on 14 June 2010 the stadium was excluded from hosting games in the tournament due to a failure to provide financial guarantees for the improvements needed to have it as an eligible venue.

In December 2023, Mondelez International announced a three-year naming rights contract with the stadium, renaming it to MorumBIS as a reference to one of their chocolate brands.