Premier League chief meet on Thursday to discuss a move they feel will halt agents demanding exorbitant fees as part of players signing deals.
It has been claimed Paul Pogba's agent Mino Raiolo picked up around £41m from Juventus and Manchester United as part of his client Paul Pogba's £89m move to Old Trafford in 2016.
Instead of clubs paying an agent, it would fall on the player to come up with the money - which some claim will merely add to the wage demands of players.
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Lawyers have been consulted on the issue which could prompt legal action relating to earning potential of an agent representing a player.
FIFA are also said to be discussing changes to the transfer system in what will be a radical overhaul of current procedures.
Agents would need a UK bank account to conduct business in England while also providing an annual statement to the Football Association.
Agents will also receives fees in instalments during a player's contract rather than received the lot in a lump sum.
It is hoped players will be deterred from seeking a move while agents will be discouraged from trying to profit by moving their clients on.
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