Uefa will take the 2022 Champions League final, formerly set for May 28, away from St Petersburg, Russia following the invasion of Ukraine.
According to BBC Sport, the decision will be made at Friday's emergency meeting of European football's governing body.
This decision follows countries refusing to travel there due to safety concerns and requesting "immediate" action over alternative locations.
World football's governing body Fifa is to meet on Thursday, with Russia and Ukraine both scheduled to play in World Cup play-off matches in March.
Russia is set to play Poland on 24 March, while Scotland host Ukraine on the same day.
The Ukraine crisis has also impacted Formula One, where Four-time world champion Sebastian Vettel says the Russian Grand Prix should be cancelled – and expressed that he will not be there if the race goes ahead.
There is speculation that the race will be cancelled after the page selling tickets for the event has disappeared from the official F1 website.