Rummenigge, who is chairman of the European Club Association (ECA) said he would also welcome further age restrictions for the tournament.

He said: "There will be a meeting with FIFA President Joseph Blatter."

The ECA, which has succeeded the G14 organisation of Europe’s most powerful clubs, now wants clarification before London 2012 on the Olympics issue following a number of disputes with clubs on the release of players for the Beijing Games.

Blatter said in Beijing he would like to see the Olympic tournament remain as an under-23 competition but be officially made a part of the international calendar of football’s world organising body, thus compelling clubs to release players.

But Rummenigge said the clubs were paying players who were often away with their national teams, and it would be wrong to "further bloat the calendar".

The ECA also wants the age limit for the tournament reduced to 19, in line with a suggestion by UEFA President Michel Platini.

Rummenigge said: "It will lead perhaps to a compromise.

"I believe the participation of under-21 teams could be possible.

"The clubs would then be obliged to release their players without the Olympics becoming part of the match calendar."

In the dispute over the release of players for the Olympics, the court of Arbitration for Sport (CAS) in Lausanne ruled in favour of the clubs.

However, players like Liverpool's Javier Mascherano, Barcelona’s Lionel Messi of Argentina, Werder Bremen’s Diego and Schalke’s Rafinha, both of Brazil, stayed in China for the tournament.