UEFA and the world governing body FIFA will hold an extraordinary summit in Rio de Janeiro on Thursday to decide on the future of the Champions league.
The Champions League will continue as an international tournament until 2023, when it will be moved to a single venue in the city of Copacabana.
That means the final of the competition will take place in the Olympic Stadium in Rio in 2022.
The decision on the new stadium, which will host international competitions including the 2018 FIFA World Cup, is expected to be taken by the end of this year, and the final decision is expected at the end for 2018.
The announcement came as the world’s top soccer officials gathered in Sao Paulo for the FIFA congress.
It will also be the last meeting of the football governing body’s executive committee, which includes the presidents of Brazil, Russia and Germany.
The presidents of Russia and Brazil are expected to make their own decisions on the issue of the new Champions League venue, which has been in the works for some time.
The current arrangement with Copacadora is the only one that still allows the European football champions to compete in the competition.
The last European Champions League final will be played at the Copacacabanas Olympic Stadium on February 5.