The news comes via a report in the Times, which details how the competition would replace the current annual "Club World Cup" and also see the Confederations Cup being scrapped.
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At present, the Club World Championship is held every year, but exclusively the strongest clubs in the continents as well as the reigning champion of the host country compete in this tournament. The 24 clubs would share a pot of approximately £1.5 billion with the victor earning £100 million and a guaranteed £50 million just for participating.
Infantino insists that the new format will reduce the number of games the "great players" would play in each four-year cycle, but the leagues are sceptical and object to cramming new competitions into the football calendars. The other twelve clubs will be picked from around the world.
It is hoped the competition will begin in 2021 and that China are keen to host the inaugural edition of the tournament.
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The consortium backing the competition is being led by Japan's Softbank with the main backers coming from Saudi Arabia and the United Arab Emirates.
The Liverpool Echo cite The Times journalist Martyn Ziegler in saying World governing body Federation Internationale de Football Association are to hold a council meeting at the start of June in an attempt to finalise the plans competition.
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