Plans drawn up by the EFL to introduce a salary cap for League One and League Two were withdrawn last week following a verdict by an independent arbitration panel.
Clubs in the third and fourth tiers voted through a £2.5million per club cap for League One and £1.5m for League Two last August.
But The Football Forum, the Professional Footballers' Association and others campaigned successfully on behalf of players to block the cap.
The issue has divided opinion in the EFL. Clubs who have seen finances hit hard by Covid-19 insist the cap is the only way they can stay afloat, while players and agents against it have had accusations of greed levelled at them.