A Western Sydney Wanderers player has been charged with assault and two other players are under police investigation after an altercation near Sydney Airport earlier this month.

The 25-year-old player was charged with common assault on Wednesday after an argument about a car parking space on January 5.

It is understood more charges could follow, with other charges being processed.

Police sources told Fairfax Media the incident took place in a quiet street near the airport.

It's alleged a heated argument about the parking spot in the early afternoon quickly turned into a physical confrontation.