UEFA on Friday confirmed that they will push ahead with previously announced plans to reform the Champions League and will provide compensation for smaller leagues affected by the changes.

European football's governing body made the announcement after an executive committee meeting at their base in Nyon, Switzerland.

In August, European football's governing body had revealed that the continent's four leading leagues -- Spain, England, Germany and Italy -- would be guaranteed four places in the Champions League group stage for the period 2018-2021.

Furthermore, domestic champions of other leagues who are eliminated in the qualifying rounds will get a second chance in European competitions by entering a "dedicated champions' path" in Europa League qualification.

Previously there was no second chance on offer.