UEFA are set to be rid of Financial Fair Play (FFP) regulations to give teams greater control over their finances, according to reports.
The regulations were first introduced by UEFA's Financial Control Panel under Michel Platini and Gianni Infantino, however, the body is now looking at an overhaul of the rules by introducing a new set of regulations to give clubs greater flexibility with their spending power.
Details are set to be confirmed via a video conference on Friday with the European Parliament.
Should the necessary parties agree to the new rules, a new system will be will underog an adaptation period that will eventually begin gradually next year.
It has been reported that the new system will transition from "spending as much as you collect" to "spend what is necessary without waste."
Regulations could also see the introduction of a salary cap, which would therefore require each club to abide by a spending limit for the playing staff for each specific club.
UEFA are also reportedly interested in lessening a breach of regulations with sporting sanctions, with an increase in financial punishments instead.
Clubs that break FFP rules can be kicked out of European competitions, much like how Manchester City were threatened last year before their successful appeal of the ruling.
Author: Jake Wilkin