The state government on Friday announced Rosny Parklands was the chosen site for the facility, which will include two ovals and a coaching and administrative base.
The government says the centre will be completed in 2026 for the team's expected start in the national league in 2028.
Tasmania was in May granted the AFL's 19th licence, contingent on the construction of a new roofed waterfront stadium at Macquarie Point in Hobart.
Clarence mayor Brendan Blomeley and Minister for Stadia and Events Nic Street announce the site. (Ethan James/AAP PHOTOS)
The high-performance centre will support AFL, AFLW, VFL and VFLW players along with youth and academy programs.
"It will represent a symbol of the club's ambitions and values," Minister for Stadia and Events Nic Street said.
"We're confident players and staff will embrace this location.
"It is close to the city and the airport, has great amenities nearby and will make the team highly visible."
The government has pledged $60 million towards the build with the AFL contributing $10 million.
The site was a unanimous choice of the club's steering committee which includes government, AFL and Tasmanian Football Club representatives.
The next step is a signed agreement between the government and council, before a design brief is developed.
Clarence City Council mayor Brendan Blomeley said he expected the council would assess the proposal as part of its regular planning process.
"It is an ambitious time frame but we're all committed to meeting that," he said.
A main training ground is planned to be built at the southern end of Rosny Parklands with a secondary oval at Charles Hand Park.
It is hoped the facility, expected to include an indoor training area and strength and conditioning equipment, will be available for public use.
The Clarence bid was chosen ahead of a proposal from a council in Hobart's south.
The club plans to reveal its name and colours and launch membership options in March.
The Macquarie Point stadium proposal, which carries a $715 million price tag, has proven divisive.
Two state Liberal MPs quit the party in May over what they said a lack of transparency around the stadium and team deal, plunging the government into minority.
The stadium plan faces assessment by the state's planning commission and must then be voted through both houses of parliament.
A group including a former premier has spruiked designs for a different stadium but Mr Street said the government remained committed to Macquarie Point.
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