Football's governing bodies admit "difficult decisions" will have to be taken to deal with the financial impact of the coronavirus pandemic.
The Premier League, EFL and Professional Footballers' Association met on Friday to discuss the economic implications of the suspension of the season.
"The Premier League, EFL and PFA agreed that difficult decisions will have to be taken in order to mitigate the economic impact of the current suspension of professional football in England and agreed to work together to arrive at shared solutions," said a joint statement.
The pinch is already being felt, with Birmingham asking some players to defer half their pay, while players at Leeds have volunteered for a wage deferral.
There will be further talks next week to formulate a joint plan.
Last week the projected restart of the season was put back until April 30, and that date has not changed.
The Scottish PFA, meanwhile, has urged clubs to place their players on full pay furlough leave and also warned against clubs imposing wage cuts or terminating contracts.
French Football Federation president Noel Le Graet later admitted to L'Equipe that finishing the season by June 30 "seems impossible".
- TEAMtalk media