The Champions League is set to begin on March 7 and the first teams to sign their players will be announced on Monday.
The clubs are expected to be announced in the coming weeks.
In the meantime, the FIFA President, Sepp Blatter, is set a deadline of April 4 to formally launch the Champions league.
However, it is expected that the tournament will start on March 8.
It is expected to take place in a different country from the one where the Champions have already taken place, as it is an event of global significance.
The European Club Association will organise the tournament.
The tournament will feature teams from across Europe, with Germany, Italy, England and Spain being the three major European sides.
It is also expected that there will be four domestic leagues in the competition, with each club having a single division.
FIFA has also announced that the next editions of the European Championships will take place at the same time.
Ahead of the tournament, there is also a bid by the FIFA Congress of Associations (FECA) to increase the number of teams in the tournament from 12 to 15.
According to football.com, the bid has been approved by the FECA’s Executive Committee.
On Monday, the committee will decide whether to approve the proposal, which is currently under review.
Last season, the top three European teams qualified for the Champions, but only three of them were actually crowned champions.
In 2018, the European Championship was held in Poland and Switzerland.