Manchester City have reportedly asked the Court of Arbitration for Sport to help block a potential UEFA ban from the Champions League.
City are currently being investigated by European football's governing body for alleged breaches of FFP, with a one-season suspension from the biggest competition in club football a possible sanction.
The Premier League champions stand accused of overstating the amount of money coming into the club from sponsors based in Abu Dhabi.
Last month, the New York Times reported that a season out of the Champions League would be forthcoming for Pep Guardiola's side if they were found to be guilty of any financial offences.
A strongly-worded response was subsequently released by City, who vehemently denied all accusations, and it is now being reported that the treble-winners will take their case to the Court of Arbitration for Sport in an attempt to have their case thrown out.
According to Associated Press , City believe they have no case to answer and want the CAS to help them dismiss the case and potential suspensions that will follow any wrongdoings that are found.
City declined to comment on claims they are preparing to go cap in hand to the CAS as the leaks originally provided by German publication Der Spiegel last year rumble on.
If City are banned from the Champions League it's unlikely to apply to next season because they would have the right to appeal, but it appears as though they have approached the CAS before a decision has been formally announced by UEFA.
The champions were previously found to have breached FFP rules by UEFA back in 2014.
It resulted in Guardiola's side paying a £49million fine, £32million of which was suspended, and going into the 2014-15 Champions League campaign with a reduced squad.
The purpose of Financial Fair Play is to ensure clubs operate within their means and are not able to freely spend hundreds of millions made available to them by their owners.
Liverpool 's ownership team Fenway Sports Group have always been strong supporters of the directive and will no doubt await the outcome of the investigation with interest.
When asked about the allegations facing City back in November, Reds manager Jurgen Klopp said: "It is really difficult to comment but what I can say in general is that I think FFP is a really good thing.
"But we always thought that, if it is in place, they have to do something with it.
“I think FFP is a really good thing because it sets the rules and stuff like that. If everything is fine, then everything is fine.
"If not, then somebody should do something."
