World soccer body FIFA have recommended a cap on agents' commissions and a limit on loans as they look to reform the current transfer system.

FIFA said the Football Stakeholders Committee had agreed on the 'establishment of a cap on agents' commissions.

Under the proposals fees would be capped at 10% of the transfer fee for agents of releasing clubs, 3% of the player's remuneration for player agents and 3% of the player's remuneration for agents of engaging clubs.

FIFA are also seeking to reform the loan system to prevent teams from hoarding young players and continually sending them out on loan.

Chelsea are one of the teams believed be in the crosshairs for FIFA and they currently have 27 players contracted to them out on loan.

Under the new proposals a phased quote will be placed on clubs wishing to send players out on loan.

As of the 2020/2021 season FIFA propose a new limit of eight international loans in and out, going down to six by the 2022/2023 season, with a maximum of three loans in and three loans out between the same clubs.

The measures endorsed by the Football Stakeholders Committee will be submitted to the FIFA Council at its next meeting on 24 October.