After a sixteen-year stint without Serie A football, the stadium was renovated and renamed the "Stadio Olimpico" on the occasion of the 2006 Winter Olympics.

The Municipal Administration, to shorten the construction time, announced a competition and divided the work among three companies: the stadium (stands, bleachers, and internal works) was entrusted to Saverio Parisi of Rome (and designed by the architect Raffaello Fagnoni and engineers Enrico Bianchini and Dagoberto Ortensi); the athletic field, the Tower of Marathon, and the ticket offices to Eng.

The first soccer match played in the new stadium was between Juventus and Hungary's Újpest FC (6–2), the return leg of the quarter-finals of the Central European Cup, on 29 June 1933.

The 45 degree sloped stands were formed of the same material, delimiting three glass strips for the lighting of the interior, and crowned by a white parapet.

Large windows overlooked the field, bounded by concrete pillars that supported the terminal cantilever, which protruded by more than three meters with an inclination of 45 degrees.

After protests from the national executive Massimo Cartasegna (who had participated as an athlete in the 1908 Summer Olympics), they were redesigned to a single centre.

With the construction of bigger and more modern Stadio delle Alpi, the Communale Stadium was used less, only accommodating the Juventus coaching activities (until 2003) and, from 2004, those of Torino.

Following agreements with the City and the involved parts, entrusted the Stadio delle Alpi to Juventus, the Municipal Stadium was assigned to Torino, and had to be reconstructed and would be operational in late 2005.

As a change of host venue to the opening and closing ceremonies of the 2006 Winter Olympics The agreement still involved the construction of a multipurpose arena to receive ice hockey games and remain as a legacy in the city.

However,due to the non-registration of the company grenade Championship (sanctioned definitively 9 August 2005), the City of Turin is the owner of the stadium after the complete reconstruction.

With this, totaling a capacity of 35,000 people to meet the minimum requirements of the International Olympic Committee and transform the ceremonies into something more intimate than the previous ones.

The modernization efforts, included in the internal structure of the Stadium, a new main building on the ground floor of a commercial area of 1,163 square meters; in the north-west, also restored and relocated were the center of sports medicine, all services and offices.

Despite having physically eliminated the athletics track (in its place is a carpet of synthetic grass), the distance between the stands and the pitch has not changed.

80 seats are reserved for disabled spectators in wheelchairs, including 64 located in two tribunes raised in the parterre of the first ring of separate stations, 12 in the grandstand and 4 in the boxes.

Furthermore, the use of technology was high: heating coils were placed below the field for use during cold temperatures and, in case of rain, an automatic system can cover the ground.

Since reopening the facility after the Winter Olympics in 2006, the south bend was renamed the Curva Primavera in honour of the Torino youth teams.

The second level is where is localized the press tribunes and the boxes of the authorities On 9 November 2013, it hosted Italy's end-of-year rugby union international against Australia, who won 50–20.