Aston Villa are set for talks with the Football League next week as fears grow over the Championship club's finances.

Shaun Harvey, the EFL’s chief executive, is scheduled to meet with Villa officials in a bid to discover the club’s future plans following failure to win promotion to the Premier League.

Villa have been struggling with financial difficulties due to the cash-flow issues of Chinese owner Dr Tony Xia, with the club also being sued for constructive dismissal by former chief executive Keith Wyness.

Last month Xia was late paying a tax bill and with the club already under huge pressure to fall in line with Financial Fair Play rules, the EFL has contacted Villa to set up a meeting.

It is understood Harvey will request a broad business plan for next season and proof the club can fulfil its financial obligations.

Villa are aiming to slash their wage bill and bring it down to around £30m and held a board meeting on Tuesday as they mapped out their summer strategy.