Manchester United and Liverpool are in line to be invited to take part in a new 24-team Club World Cup which could earn the clubs more than £100 million.

Fifa is pushing ahead with plans for the new tournament to be held every four years, with the first to take place in June 2021. China is understood to have already expressed an interest in being the first host nation.

There would be 12 clubs from Europe and Fifa’s preferred option for the first edition of the tournament is to invite those clubs who have won at least three Champions Leagues or European Cups. That would include Liverpool, Manchester United, Real Madrid, Barcelona, AC Milan, Bayern Munich, Ajax and Inter Milan. Juventus would also be invited