The former Hammers defender believes the club will be a much more attractive proposition for potential signings this summer.
Former West Ham United defender Rio Ferdinand has told the London Evening Standard that the club's move to the Olympic Stadium this summer will see them become a far more attractive proposition for potential signings.
The Hammers have enjoyed a successful season in their final campaign at their traditional home of Upton Park and are fully in contention for European qualification, sitting sixth in the Premier League table.
The club have already shown significantly increased ambition over the last 12 months, signing foreign stars such as Dimitri Payet and Manuel Lanzini and tying key players such as Cheikhou Kouyate down to new long-term contracts.
However, Ferdinand, who came through the Irons academy and made 158 first-team appearances for the club before leaving for Leeds United in 2000, insists that the relocation to a larger stadium will only see the club's pulling power and financial muscle increase this summer.
The 37-year-old told the Standard: "I’m so happy for the fans right now; with the Olympic Stadium around the corner they’re getting just what they deserve.
"In the transfer market players will look at West Ham so differently now. They’re a big club now, with the Olympic Stadium, being in London. They’ll be able to attract more quality players.
"We all still believe in the heritage of the club but they’re moving forward in a great way. Of course the ideal scenario would have been for them to stay at Upton Park and expand the ground but that wasn’t really an option so they’ve definitely made the best of where they are."
West Ham have already impressed this season, but have their eyes on giving Upton Park the perfect send-off by qualifying for the Champions League for the first time in their history.
Following Saturday's 2-2 draw at home to Crystal Palace, Slaven Bilic's side are now three points off Manchester City in fourth place with seven matches of the season remaining.
They are also still in with a chance of securing their first major silverware since winning the FA Cup in 1980 as they host Manchester United in an FA Cup quarter-final replay next week looking to book a Wembley semi-final date against Everton later this month.