Play-offs will be played, but with no more than 4 teams.
The EFL has confirmed that 51 percent of Championship, League One, and League Two teams need to agree for the campaign in each of the three divisions to be curtailed.
This could help to pave the way for the League One season to be canceled, with teams split over a resolution currently.
Talks stalled last week after at least six clubs in the third tier, including Ipswich Town, Portsmouth, and Sunderland, said that they wanted to continue the season.
It is understood that Portsmouth will back continuing the season as clubs are asked to vote on the issue.
With only 23 clubs now in that division, any vote is certain to be decisive either way.
If the season is to come to an early conclusion, using the unweighted points-each-game system proposed by Wycombe Wanderers would move into the play-offs at the expense of Peterborough United – another of the clubs determined to carry on playing.
Before the new regulations can be implemented, they have to be voted on by all 71 EFL clubs.
At the same time League One could follow League Two in being curtailed, the Championship is hoping to replay in June alongside the Premier League.
Players are set to return to training next with but with strict protocols.
With the EFL including relegation in its framework for curtailing the season early, Stevenage would go down from League Two as it stands while Swindon, Plymouth, and Crewe would be promoted to League One automatically.
EFL chairman Rick Parry said that in the event a divisional decision is made to curtail the season, the EFL board was recommending that the League adopted the original framework with the amendments as identified, since there was a strong desire to remain as faithful as possible to the regulations and ensure there was consistency in the approach adopted across the EFL in all divisions.