Football Federation Australia will more than likely take over control of Adelaide United.

It is understood owner Nick Bianco wants to downsize his investment in the club due to the current economic crisis and the FFA are said to be on standby to take over if Bianco cannot find investors.

"Taking back the licence has been discussed," an FFA source said.

"Time frame? These decisions might happen very quickly maybe within 24 or 48 hours, we're not too sure."