UEFA will reportedly demand £275million from its member clubs and leagues in order to postpone Euro 2020 by a year.
The governing body believes that amount would be required to push back the tournament by 12 months, and will imminently inform this to stakeholders during emergency meetings.
According to The Athletic, confirmation of the year's suspension is expected on Tuesday.
The priority of member leagues remains with completing the current campaign, rather than controversially scrapping any progress and achievements made to date.
There is also a reluctance to rule the season null and void due to the countless legal challenges that could be brought forward by disgruntled clubs.