The campuses will be located in central Glasgow, according to The Scotsman.
The £228m plan will see the City of Glasgow College redevelop its existing sites on Cathedral Street and Thistle Street.
The college was originally formed in 2010 after the merger of Central, Metropolitan and Nautical Colleges.
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The new builds are expected to accommodate more then 40,000 students as well as a further 1,200 staff.
Work is due to begin in the summer.
College Principal Paul Little said: "For many people, it's finally dawning on them that this dream has come true. The scale of what we are planning is amazing and will set Glasgow apart as a city truly committed to further education."
While Gordon Matheson, Glasgow City Council Leader, added: "The two new campuses will transform the city skyline and are helping lead the regeneration of the city centre."
(JP)
