A key decision on whether to scrap the Premier League's controversial profit and sustainability rules and introduce a new framework is reportedly "coming up", according to the league's top executive Richard Masters.
Existing rules, established in the 2015-16 season to prevent clubs from overspending, permit a £105 million deficit over a three-year reporting cycle.
Yet, they have faced criticism by multiple Premier League clubs for limiting their ability to invest.
Sources suggest that a decision on any changes is likely to be made at a November gathering.
Earlier this year, teams chose to continue with PSR for the current season.
Nonetheless, a squad expenditure ratio (SCR) system of financial control was implemented by the league on a shadowing, non-binding basis.
The squad cost ratio mirrors Uefa's current financial regulations and enables teams to expend up to a percentage of their total revenues on squad-related costs.
Nine of the league's 20 clubs must already adhere with Uefa's SCR as a result of qualifying for Europe.
Both Chelsea and Aston Villa were fined by Uefa in July for breaching the rules.
When questioned regarding SCR during the Leaders sports conference in London, Masters said: "We are talking to our clubs about an different approach.
This doesn't imply we believe PSR is ineffective."
He continued: "The goal is better harmonization with European regulation, which is team expenditure ratio, which is a revenue test.
European standards currently mandate 70%. Our framework will allow 85% because we consistently desire our teams to have the ability to invest.
"English football's top division was established on the back of investment in which global financial resources are coming in. We aim to prevent this from being stifled off."
Previous Rule Breaches
Premier League clubs Everton and Nottingham Forest were penalized with point deductions in the 2023-24 season for violating financial rules.
In 2023, Aston Villa's co-owner Nassef Sawiris claimed the rules "lack logical foundation" and favored established teams, while he was contemplating legal challenges against the rules.
After being compelled to sell squad members to adhere to the rules, Newcastle manager Eddie Howe has also been critical of PSR, claiming it encourages teams to sell academy products.
"The PSR is a look-back profitability test and has its own strengths and weaknesses. No framework is flawless," Masters commented.
"We have to keep these things balanced and persist with discussions with our clubs, and that's an important decision, so we should take the time to get it right. But that decision is coming up."
Supplementary Regulatory Approaches
The league is additionally testing another model known as 'top to bottom anchoring' (TBA) which essentially limits the expenditure any team can make as a proportion of the revenue earned by the league's bottom side.
Reports suggest the proposed regulations - if approved could incorporate revenue anchoring, and would come into force at the start of next season.
Record spending during the summer transfer window reinforced some top-flight clubs' concerns about PSR, and whether changes are needed to maintain league parity considering the extra income being earned by participants in the enlarged European competition and Club World Cup.
