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Real Madrid, Barcelona and Juventus are hoping to revive the failed European Super League (ESL) with a major new announcement next week.
The Daily Telegraph claim the three remaining rebel clubs are set to relaunch the project by promising to scrap the original proposal to have permanent members in the breakaway league.
The trio have refused to back down over plans to launch the ESL, despite the other nine original clubs pulling out of the project following a huge backlash from supporters.
The Premier League’s so-called 'Big Six' clubs were originally part of the rebel league but withdrew following widespread condemnation of the project.
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Inter Milan, AC Milan and Atletico Madrid also pulled out of the ESL, leaving just Real Madrid, Barcelona and Juventus remaining from the original 12 clubs.
The trio are now set to push forward with plans to resurrect the breakaway league.
According to the report, Juventus president Andrea Agnelli will speak at a sports industry summit on Thursday in which he is expected to outline major changes to the original proposal.
The unpopular idea of having permanent members in the ESL is set to be dropped and replaced with a traditional domestic league qualification format.
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The three clubs will also release a document in which they will claim that their new model will allow the creation of competitive clubs in cities without a top football team, such as Dublin.
The move to relaunch the ESL comes ahead of a hearing at the European Court of Justice later this year, in which the rebel clubs will challenge what they call UEFA’s “monopolistic” grip on European football.
UEFA has fiercely opposed the ESL, threatening to ban clubs from competing in domestic and international competitions if they set up a rival to the Champions League.
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European football’s governing body now considers the ESL project “dead”, according to the report.
The nine rebel clubs who withdrew from the ESL have already agreed to pay UEFA a collective €15m (£12.9m) fine for joining the project.
They also agreed to far larger fines, totalling €150m (£129m), if they sign up to a similar breakaway league in the future.
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Meanwhile, the six English club have also agreed to pay a combined £22m fine to the Premier League in order to resolve the row.
Each team also agreed to an additional £25m fine and a potential 30-point deduction in the future if they sign up to a similar project.
Topics: Real Madrid, Barcelona, Atletico Madrid, Liverpool, Manchester City, Manchester United, Arsenal, Tottenham Hotspur, Chelsea, Inter Milan, Juventus, Football, La Liga, Premier League, Serie A
Rory O'Callaghan