London's 'Big Three' are in negotiations over staging a mini-tournament as an alternative to their traditional summer tours.
Sportsmail understands that most of the income from the competition — featuring Chelsea, Tottenham and Arsenal — would go to charity.
That decision could help rebuild the public image of the clubs following a highly damaging period for them following the European Super League debacle.
Just three weeks after their controversial attempt to break away was foiled, Chelsea, Spurs and Arsenal are discussing a three-way competition which would take place some time after the Euro 2020 final on July 14 and before the Premier League season kicks off on August 14.