A meeting involving all 20 Premier League clubs has bought about the discussion of introducing a player quota system to the competition.

The quota is for the number of homegrown players in a squad to control excessive spending on foreign players.

Liverpool chief executive Rick Parry said that the system would make sense.

"It was discussed at the Premier League last week after being put up by the Premier League board," he said.

"We have not accepted a figure, just the principle that some minimum limit of homegrown players makes sense.

"For those of us in the Champions League we could introduce it now and it wouldn't be an issue. Indeed the Premier League did produce an analysis which showed that actually a lot of the clubs would not have too much difficult complying.

"It will certainly be given more consideration, it's a way off being decided but it was certainly a constructive discussion."