Work began to remodel the market in 1998, including alterations to the floor surfaces and roofing, and the construction of underground levels for loading and unloading, warehouses and waste collection.
A new building was constructed at the rear to house the administrative functions of the market, and the porticoed square was reclaimed by taking down and relocating the 90 small stalls that had occupied its porticoes and columns. This operation also allowed natural light to enter the market, and helped to revive its original feel.
The total cost of the remodelling works was 1,422 million pesetas (around 8.5 million euros), 3 million euros of which came from European funds. The newly-completed market was officially opened on 21 April 2001.