Football Federation Australia has opened talks with FIFA over a possible bailout as the sport braces for another financial hit this week from broadcasters Fox Sports.

Chief executive James Johnson's close links to FIFA president Gianni Infantino could come in handy, with federation sources indicating FFA has already begun lobbying the world governing body for emergency relief.

FIFA president Gianni Infantino has already flagged the opening of a "Global Football Assistance Fund" in response to the coronavirus pandemic. Credit:AP

According to FIFA's last financial report in 2018, the organisation has reserves of cash or other financial assets worth more than $5.8 billion.

Infantino indicated earlier this month that FIFA was considering opening an assistance fund for "members of the football community" who have been impacted by the coronavirus pandemic.