Real Madrid, Juventus and Barcelona will revive plans to form a European Super League, with the main change being that plans to have permanent member clubs will be shelved.
The trio are the last of the 12 'founding' clubs who announced proposals to form the ESL in April 2021 to almost universal criticism.
The Telegraph report that Juve president Andrea Agnelli will unveil new plans for the ESL at an industry summit next Thursday.
He is expected to confirm that clubs will instead be able to qualify for the tournament through their domestic leagues and that they are scrapping plans to have permanent members regardless of their on-field performances.
Real, Juve and Barça are determined to bring about reform at the top level of football despite UEFA's lack of worry of a breakaway and nine other sides - including the Premier League's 'big six' - backing out of proposals last year.
Further ESL documents released in September assert that the competition could lead to major European cities without top sides to create new clubs. Dublin and Luxembourg were named as two examples of regions that could be rewarded with a team.
However, the Premier League see the ESL issue as a thing of the past and do not expect English clubs to sign up to any new proposals.