If the tournament was to go ahead then it would take place in the June of every fourth year and would mean the end of the current low-profile winter competition that already takes place and the Confederations Cup.
There is a possibility of another El Clasico clashes outside the Spanish La Liga as Barcelona and Real Madrid will be among the 12 European representatives to contest the new Super Club World Cup by Federation Internationale de Football Association.
Argentine captain, Lionel Messi says winning the 2018 FIFA World Cup in Russian Federation is the only way to overcome the heartache of losing the 2014 FIFA World Cup final to Germany.
The 2017 edition in the United Arab Emirates earned $37 million revenue for Federation Internationale de Football Association, with Madrid the European representative alongside the other continental champions and the host nation's league victor. The other twelve clubs will be picked from around the world.
UEFA prepares to fight Saudi-backed Club World Cup plan
That qualification criteria would also see Real Madrid, Barcelona, AC Milan, Bayern Munich, Ajax and Inter Milan involved if they accept the invite.
The tournament will run from June 10 to 28, containing eight groups of three teams, followed by a quarter-final, semi-final and final.
It is said that UEFA and the Premier League are "furious" at the idea with a $1b pot shared among the clubs.
The inaugural event could first take place in China, with the country having already expressed an interest in hosting the world's best teams.