Cricket Australia has revised its offer to the Australian Cricketers' Association (ACA), making a number of concessions in an attempt to reach an agreement before the July 1 cut off.

In the new offer, which was outlined in a letter sent by CA general manager Kevin Roberts this morning, international surpluses will now be shared by players rather than them receiving a flat rate of pay — one of the ACA's key demands.

What the players' association wants: Retain revenue sharing model which is about 26 per cent of CA revenue

Retain revenue sharing model which is about 26 per cent of CA revenue For CA to act transparently around the forecasted $2.6 billion it will earn over next five years

For CA to act transparently around the forecasted $2.6 billion it will earn over next five years Mediation to take place, with six weeks to go before current MOU expires

CA also confirmed domestic players would be included in the sharing arrangement, although it still insists the existing revenue-sharing model, which the ACA is determined to retain, is not an option.

"CA looks forward to agreeing the details of this new offer in further negotiations with the ACA," the statement read.

Earlier on Friday, the ACA released a statement saying the current talks had "failed to achieve a breakthrough", and the stand-off was "jeopardising upcoming tours and ultimately the summer of cricket".

It remains to be seen if this new offer will be enough to end the dispute, with the memorandum of understanding due to expire in a week.

The new offer marks the first signs of either side flinching in a stand-off that has been ongoing for months.