The ground has been the Barclays Premier League club's home since 1896 and in October they ended talk of a move away by revealing plans to overhaul the stadium.
Fulham plan to develop the Riverside Stand in order to increase capacity up to 30,000, as well as undertaking wider facility improvements at the venue.
Having undergone a consultation process, the club has now submitted a planning application to Hammersmith and Fulham Council for permission to redevelop the Riverside Stand.
In a statement on the club's official website, www.fulhamfc.com, the club said: "Fulham Football Club today [Thursday] submitted an application to the London Borough of Hammersmith and Fulham, for the redevelopment of the Riverside stand at its Craven Cottage home.
"The application will take the club's current capacity to 30,000 seats and, further significant funds will be invested to open up the Thames River walk from Hammersmith to Putney for the first time in recent history."
Fulham will hold exhibitions on January 25 and 28 to showcase the final design submitted and provide feedback from the second consultation.