Osteosarcoma is a cancerous (malignant) tumor of the bone. Osteosarcoma usually starts in the osteoblasts (bone cells). It frequently starts in the end of the long bones of the body, such as the arms and legs, but can also occur in other bones. Most common sites are the distal femur (thigh bone above the knee), proximal tibia (shin bone below knee) and the proximal humerus (arm just below shoulder).