Football's World and European governing bodies signed a groundbreaking deal with Europe's top clubs, which will see national associations paying clubs a daily rate of compensation in return for their players participation in international competitions.

The money will be drawn from a central pool financed by UEFA and FIFA from the commercial money raised from the sale of TV rights and tournament sponsorships. Although the exact amounts remain undecided, it is understood that each club will receive the same amount for every player they provide - irrespective of the players' club salaries.

The agreement, which is part of a wider peace deal with Fifa and Uefa, will also see the powerful G14 group of clubs disbanded and replaced with an independent organisation for the continent's top sides.

The move to dissolve the G14 - the group of the world's richest clubs, that includes Manchester United, Liverpool and Arsenal - removes the threat of a breakaway European Super League and its court cases against Fifa over players injured on international duty withdrawn.

. Fifa president Sepp Blatter said: "Something special has happened. The clubs, which are the basic cells of our game and fundamental to its thriving, are at last a part of the pyramidal organisation".