EFL clubs will vote to expand the Championship play-offs from four to six teams at a meeting on March 5.
The proposal, which has been under consideration for several seasons, would mean teams from third to eighth placed would compete for Premier League spots.
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It will reflect the format used by the National Alliance.
The third and fourth placed teams will automatically advance to the semi-finals.
The quarter-finals or knockout rounds will be a single-leg draw, with the fifth team hosting the eighth team and the sixth team hosting the seventh team.
In the two-leg semi-finals, the third place team will play the lowest remaining ranked team and the fourth place team will play the highest ranked team.
The final will still be held at Wembley at the end of May.
The change has been approved by the EFL Board of Directors and the Football Association.
It requires a majority of clubs in the EFL (at least 37 out of 72) and Championship clubs (at least 13 out of 24) to vote in favor of the change at an extraordinary general meeting.
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In any rule-changing vote, the tournament can be called the major share.
If passed, the new play-off system will be implemented in the 2026-27 season.
This is seen as giving clubs with fewer resources more opportunities, perhaps without the need for parachute fees, to compete for promotion to the Premier League.
There are currently no plans to expand the League One or League Two play-offs, but their success will be assessed.
There are currently four teams relegated from the league. Therefore, seventh place in League Two gets a play-off spot.
The EFL will also discuss proposals to change promotion and relegation between League Two and the National League to three promotions and three relegations.
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Two teams are currently relegated, and only the National League champions are eligible to enter the EFL. The second place is filled through a play-off system.
However, there is no scheduled vote to change it.