The Premier League said on Tuesday that clubs voted to limit the term over which a player’s transfer price can be distributed in their accounts to five years.
Previously, teams may defer the expense of a transfer fee for the duration of any contract.
“Premier League shareholders today agreed to amend the rule on amortisation of player registration costs to bring it in line with UEFA’s regulations,” according to a statement issued by the league.
“Going forward, a five-year maximum will apply to all new or extended contracts.”
The clubs have also agreed to a rule change that allows the Premier League Board to prevent a club from registering new players if the club owes a transfer debt to another Premier League or EFL club until the obligation is paid in full.