UEFA have confirmed the introduction of a third new European trophy by 2021/22 alongside the Champions League and Europa League.
Andrea Agnelli, the executive of UEFA competitions committee confirmed the news on Tuesday following long-term reports that such a tournament would introduced.
“Pending approval of the UEFA ExCo, the 'green light' has been given to introduce a third competition, bringing the overall number of clubs to 96, as of the 2021/22 season,” Agnelli told assembled members, as reported by The European Club Association.
“A detailed assessment of the existing International Match Calendar is required prior to presenting a new model post-2024. The current model needs modernising.”
The tournament may be similar to the UEFA Cup Winners' Cup, which ran from 1960 through to 1999.