Lord Stevens met Premier League chiefs on Tuesday evening to reveal the findings of his inquiry into illegal payments.
The former Metropolitan Police commissioner and his Quest team delivered their report and recommendations to the Premier League board - chairman Sir Dave Richards, chief executive Richard Scudamore, general secretary Mike Foster and an external legal adviser.
A Premier League spokesman said: 'The board of the Premier League this evening received an update from Lord Stevens and Quest and will be convening formally in the next couple of days to consider its options.'
The findings and recommendations are expected to be made public early next week.
That will also be the date that any charges or disciplinary action against any clubs, managers or agents will be announced.
Stevens has been investigating 362 transfers between January 2004 and January 2006, and his team have spoken to officials from 29 clubs as well as a number of football agents.
In October he announced he had whittled down his investigations from 362 to 39 transfers, involving eight clubs.
He was then given another two months to complete his inquiries, but there has been growing unrest among the clubs that, in order to protect the identities of those under investigation, even those already cleared of any misbehaviour have not been named.