The existing station will be demolished to make way for a new booking hall and hotel above.
Ken Guild leader of Dundee City Council said: “Local architects Nicoll Russell Studios who have created a sweeping crescent shaped five storey design, which has an imposing double height ground floor.
“The design has also taken account of the proposed V&A at Dundee building to the south and the proposed Malmaison Hotel to the north east.
“I believe it will be the fitting arrival point for visitors that we need to properly complement the V&A building and its magnificent setting.”
Councillors will be asked to back the revamp on April 23. This would pave the way for detailed plans and tenders sought for the work.
Dundee city council will fund most of the development, with Network Rail contributing up to £2m.