The Premier League have insisted that they will continue to "reject any such concept" of a new European Super League being formed following the latest developments.
The European Court of Justice ruled on Thursday that it would be "unlawful" for FIFA and UEFA to ban players from featuring in a breakaway competition such as the European Super League.
A new proposal has now been put forward by A22 Sports, with the revamped plans involving a league system with 64 men's clubs across three leagues.
Meanwhile, under the revamped plans, the women's competition would see 32 clubs compete across two leagues, and the proposal is being backed by both Real Madrid and Barcelona.
However, Manchester City, Liverpool, Arsenal, Manchester United, Tottenham Hotspur, Chelsea, AC Milan, Juventus, Inter Milan and Atletico Madrid are not behind it.
The Premier League released a statement on Thursday afternoon, noting the judgement that had been made in the European Court of Justice.
"The Premier League notes today's judgment in the European Court of Justice case involving the "European Superleague Company", FIFA and UEFA. This is a significant ruling and we will now fully examine its implications for the game," read a statement from the Premier League.
"The ruling does not endorse the so-called "European Super League" and the Premier League continues to reject any such concept.
"Supporters are of vital importance to the game and they have time and again made clear their opposition to a "breakaway" competition that severs the link between domestic and European football.
"The Premier League reiterates its commitment to the clear principles of open competition that underpin the success of domestic and international club competitions.
"Football thrives on the competitiveness created by promotion and relegation, the annual merit-based qualification from domestic leagues and cups to international club competitions and the longstanding rivalries and rituals that come with weekends being reserved for domestic football.
"These principles are enshrined in the Premier League Owners' Charter, introduced in June 2022, which aims to improve the collective strength and competitiveness of the League in the best interests of the wider game.
"Since 2021, the Premier League, alongside other football bodies, has also strengthened its rules and governance in this area.
"The Premier League will continue to engage in an open and constructive dialogue, with all relevant football stakeholders, on how best to protect and enhance the complementary balance of domestic and international club football."
The original plans, which came to light in April 2021, collapsed within 72 hours due to the huge resistance to the European Super League, including from fans, domestic leagues and government. body check tags ::
