Manchester City and Paris Saint-Germain have been found to have breached UEFA's Financial Fair Play rules.

They have received settlement offers from UEFA's club financial control board (CFBCB), who meet on Thursday.

The clubs must now decide whether to accept the offered sanctions or try to negotiate a lesser punishment that may vary from a reprimand to a fine or European squad restrictions next term.

UEFA doesn't expect either club to be excluded from the Champions League next season.

"What I think is going to happen are measures over Champions League squads next season," says BBC Radio 5 live sports news correspondent Richard Conway.

"Perhaps a salary cap or limiting the number of eligible players in the squads, perhaps even making a new signings ineligible for the Champions League squad next year."