The precise format of the competition has yet to be confirmed but it is understood that there is almost unanimous support for a biennial event which would replace friendly games and run in parallel with the World Cup and European Championship from 2018.
As it stands, Uefa wants to divide the event into three or four divisions, with promotion and relegation between them.
England would qualify for a 16-team top flight, which would be split into four groups of four, with home and away fixtures taking place alongside qualifying matches for the World Cup and European Championship. Germany, Spain, Italy, France, Holland and Portugal are all likely to join England in the top division.
The winners of each of the four groups would then advance to a ‘Final Four’ tournament at a neutral venue, with two semi-finals and a final taking place over several days during the summer of odd-numbered years.
As well as the carrot of promotion, winners of the lower divisions could be rewarded with wild-card places at future European Championships.
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