The Premier League will fine the breakaway Big Six a collective sum of around £22m – with any further attempts subject to a 30-point deduction.
Sportsmail understands that a deal which swerves the need for a disciplinary process was agreed this morning with an announcement likely to follow later today.
As expected, each club will not be handed a deduction now and the money they hand over is understood to be earmarked for grassroots, fan and community initiatives rather than for the other 14 clubs.
Further attempts to join another league will result in a £25m fine for the offending club and a 30-point deduction.
The penalty may well be seen by some as a victory for the six – both Manchester clubs, Chelsea, Arsenal, Liverpool and Tottenham.
Some of the other 14 clubs had called for immediate deductions. Talks, which at times had become strained, had been ongoing for some time.
One of the major sticking points was over where the fines would go.
The six did not want their punishments to line the pockets of their rivals with a view that they would have jumped at the European Super League should they have been invited.