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Published 13:44 20 Jan 2022 GMT
However, the maximum of six players loaned out will be implemented by 2024, with Premier League clubs needing to abide on both an international and domestic level.
FIFA added: "Objective is to develop young players, promote competitive balance and prevent hoarding.
"Following the decision passed by the FIFA Football Stakeholders Committee last year, the new regulations concerning loans of players in international football are now ready to be implemented. They will be submitted to the FIFA Council for approval at its next meeting with a view to their entering into force on 1 July 2022.
"The introduction of a new regulatory framework for player loans is another important step in the context of the wider reform of the transfer system, the process of which began in 2017. Initially planned to start in July 2020, the implementation of the new rules had to be delayed as a consequence of the COVID-19 pandemic."
As reported by the Mirror, discussions with the different stakeholder groups have implemented the foundations for this new framework, ensuring that the new rules are firmly focused on the following core objectives: Developing young players, promoting competitive balance and preventing the hoarding of players.
In order to ensure that the objectives are met, the new regulatory framework will include:
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