Estoril: UEFA president Aleksander Ceferin vowed on Wednesday to reform the transfer system to stem the talent flow towards the richest clubs.

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"We`ll develop something akin to tax on luxury goods or limits on squad size," Ceferin said on the sidelines of a UEFA congress in Portugal.

"This would be done to stop one or two clubs gathering all the best players to their team," he added. "We cannot allow the size of a few clubs to drown out the smaller ones."

In a January report UEFA said there had been a dramatic shift of talent and finance towards richer clubs over the past six years.

Figures in that report said the top 15 clubs in Europe had seen their financial turnover increase 148 percent in that time while for the other 700 clubs this increase had been just 17 percent.

Ceferin has also vowed that there will be no European super league formed under his watch.