Fifa's consultation comes after the European Court of Justice ruled in favor of Lassana Diarra, noting that existing transfer rules violate EU laws on free movement.
Diarra challenged the transfer rules as restrictive, asserting they limited his ability to pursue a career elsewhere. The court affirmed that FIFA's rules impede professional footballers' freedom of movement.
Fifa acknowledged that the Diarra ruling presents an opportunity to modernize its regulations, a goal endorsed by the FIFA president since 2016.
Fifa's chief legal officer stated that the organization will engage in global dialogue with stakeholders to adapt its transfer system regulations post-Diarra ruling.
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