Sepp Blatter could, finally, be frozen out by FIFA.

The 17-year leader of world soccer’s governing body has reportedly been suspended for 90 days after FIFA’s ethics committee met on Wednesday to discuss allegations against both Blatter and his close ally Michel Platini.

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Reports suggest that the decision to suspend the Swiss official still needs to be formally ratified by the adjudicatory chamber of the ethics committee, but it is highly likely that Blatter will be suspended until January 2016.

Blatter, 79, has been at FIFA for over 40 years but under his stewardship the organization has been riddled with allegations of corruption as current investigations from both the U.S. and Swiss authorities continue. The longtime FIFA official is suspected of “criminal mismanagement or misappropriation” by the Swiss authorities after a payment of over $1.9 million is linked to Blatter and the current president of UEFA, and FIFA presidential candidate, Platini.

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Klaus Stoehlker, who formerly advised Blatter, has told Sky News that the ethics committee “made the ruling pending further investigations by the Swiss attorney general” and the verdict was “pending” but that “no negative finding had been made against the head of world football’s governing body.” It is believed that the 90-day suspension is the maximum amount of time the ethics committee can suspend any individuals while an investigation is ongoing.

It has been reported that the head of FIFA’s ethics committee, Judge Hans Joachim-Eckert, has told Blatter of his suspension.

The leader of FIFA, who will stand down following the next presidential elections on Feb. 26, 2016, has been defiant in recent weeks despite growing pressure from corporate sponsors of FIFA for him to resign.

On Wednesday he spoke out and denied he will quit, while at the Leaders’ in Sport Summit in London another presidential candidate ,Chung Mong-joon, declared that he will sue Blatter for “at least $100 million” and believes the FIFA president and his “cronies” are deliberately sabotaging his own presidential campaign.

UPDATE: The following statement has been released by Blatter’s lawyers, via the AP’s Rob Harris:

“We issue this statement in response to press reports about the FIFA Ethics Committee. President Blatter has not been notified of any action taken by the FIFA Ethics Committee. We would expect that the Ethics Committee would want to hear from the President and his counsel, and conduct a thorough review of the evidence, before making any recommendation to take disciplinary action.”

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