UEFA are preparing to get rid of Financial Fair Play regulations to allow teams greater control over their finances, according to reports in Italy.
The decade-old regulations were devised by UEFA's Financial Control Panel under Michel Platini and Gianni Infantino, and the European Club Association initially appealed against its introduction.
But now according to Italian outlet Gazzetta dello Sport, the body favour a radical overhaul including new rules which will allow clubs greater flexibility with regards to their spending power, particularly in the transfer market.
Other details regarding the rules will be discussed on Friday in a video conference call with the European Parliament.
The regulations could also bring about the 'introduction of a salary cap, to be disguised as a luxury tax to ensure compliance with European regulations.'
Each side would therefore have to abide by a total spending limit for the playing staff for each specific club, but it has yet to be announced how that will be calculated.
UEFA are also reportedly considering lessening a breach of regulations with sporting sanctions with a commensurate increase in economic punishments.
