UEFA is dropping legal action against Real Madrid, Barcelona and Juventus, the three remaining clubs who are still insisting on the European Super League.
The football body is informing the Madrid commercial court that it will no longer pursue legal action, according to Sky Sports.
The three clubs had argued in court that the attempt to punish them for setting up a breakaway league was against European competition law.
UEFA will also reach out to the other nine clubs involved in the attempted breakaway and inform them they will no longer have to pay the fines imposed on them for trying to set up the Super League in April.
The nine clubs are Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur, Atletico Madrid, AC Milan and Inter Milan.
In May, they all agreed to pay a combined fine of €15m and to have 5% of their UEFA competitions revenues withheld for one season.
UEFA is dropping its legal action because it respects the Spanish judicial process and it believes that it is not in its interests or the interests of its member associations to drag this out through the courts.