Manchester City have withdrawn from the European Super League (ESL) and Chelsea are also preparing to do so, the BBC reports.
Efforts to leave come just two days after both were announced as two of six English clubs to sign up to the controversial new competition.
The ESL has been widely criticised since being announced on Sunday.
Around 1,000 fans gathered outside Chelsea’s Stamford Bridge home ground before their game against Brighton on Tuesday to protest their involvement.
Chelsea and City were part of English football’s ‘big six’ clubs – alongside Arsenal, Liverpool, Manchester United and Tottenham – to have agreed to join the new league.
In total, 12 European clubs announced their intentions to form the breakaway league, which they hoped to establish as a new midweek competition.
It was condemned by football authorities and government ministers in the UK and across Europe by Uefa and leagues associations.