Manchester City are facing UEFA sanctions for breaching Financial Fair Play rules.
City could be limited to a 21-man Champions League squad instead of 25 players next season.
City also could face an $83.5 million fine over three years and a cap imposed next season to ensure no increase on this season's squad wage bill.
Both Manchester City and Paris Saint-Germain are believed to have fallen foul of the FFP rules with sponsorship deals related to each clubs' owners.