Fifa has indicated it will look favourably on Portsmouth's request to sell players outside of the transfer window, BBC Sport understands.
Pompey have debts of about £60m and are due in court on 1 March to contest a winding-up order issued by Her Majesty's Revenue and Customs.
The Premier League will ask the other 19 clubs before making its decision.
It is likely any players sold would only be allowed to play in the Premier League, not any other competitions.
Fifa confirmed on Thursday that it received correspondence from the Football Association relating to Portsmouth's financial situation.
BBC sports news correspondent Gordon Farquhar believes world football's governing body will support their plea.
"The argument put to Fifa would say it's the integrity of the competition at stake here - if Portsmouth go under all their points would be cancelled and the league table would be falsely affected," said Farquhar.
"For the integrity of the sporting competition, it's better if the club can be kept afloat, at least to play out their fixtures until the end of the season."
source:tribalfootball
Pompey have debts of about £60m and are due in court on 1 March to contest a winding-up order issued by Her Majesty's Revenue and Customs.
The Premier League will ask the other 19 clubs before making its decision.
It is likely any players sold would only be allowed to play in the Premier League, not any other competitions.
Fifa confirmed on Thursday that it received correspondence from the Football Association relating to Portsmouth's financial situation.
BBC sports news correspondent Gordon Farquhar believes world football's governing body will support their plea.
"The argument put to Fifa would say it's the integrity of the competition at stake here - if Portsmouth go under all their points would be cancelled and the league table would be falsely affected," said Farquhar.
"For the integrity of the sporting competition, it's better if the club can be kept afloat, at least to play out their fixtures until the end of the season."
source:tribalfootball