Fans and players will help draw up new rules for governing football, Culture Secretary Oliver Dowden has announced.
An "expert panel" to advise the Government will be named this weekend.
And Mr Dowden pledged that the review will lead to real change in the way the clubs are managed.
He said: "This weekend, I will announce the membership of the expert panel, which will include players, management, regulators and, of course, fans. This is a serious review. I know people want to see change and this review will deliver it."
The review is to be chaired by former sports minister Tracey Crouch.
North East MPs have led the way in calling for the Government to keep its promise to hold a "fan-led review" of football, as set out in the 2019 Conservative election manifesto.
This is partly because of controversy over the way Newcastle United has been managed under Mike Ashley's ownership.
The issue was put in the spotlight after the failed attempt by six Premier League sides to launch a breakaway European Super League.
Mr Dowden said: "It is essential that fans play a significant role in the fan-led review ... the chair will be engaging extensively with supporter trusts and fan groups over the coming weeks, but I understand that that will not work for everyone, so there will also be a consultation process, which we will set out."
An interim report is due in the summer and a further report with the review's findings is to be published in the autumn.
He said the Government would be willing to introduce new laws, if the review concluded they were needed.
"I fully hope and expect to accept the recommendations, and should those require legislation, we will find time to do that."
A number of North East MPs have called for laws to give fans control of clubs.
They include Jarrow MP Kate Osborne; City of Durham MP Mary Kelly Foy, and Wansbeck MP Ian Lavery.
They have backed a Commons amendment which called on the Government "to bring forward a People’s Football Bill, with a 50% plus one share ownership system, modelled on the German Football League, empowering fans with majority control at Premier League and English Football League clubs."
While this would not entirely rule out the creation of a breakaway league, it would make it impossible unless fans backed the idea.
In practice, the proposal from Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, and Tottenham Hotspur to form a European Super League provoked fury from fans, as well as many people within the sport.
Their proposed league would include 15 "founding clubs", although only 12 were named - six in England, three in Spain and three in Italy. Others were due to be added.
The plan was axed following a huge backlash, but it could return in some form. There have been proposals for a European Super League before.
