Clubs are being asked to consider a reorganisation into five divisions of 20 teams from the start of the 2019-20 season, the Football League, which has 72 members, announced in a statement on its website on Thursday.
If adopted, it would mean the Football League becoming a four-division competition below the Premier League, including a new League Three, with 100 clubs in the professional game.
At present, the bottom two teams in League Two are relegated but under the proposal they would not go down at the end of the 2018-19 season. Instead, six more clubs would join the Football League as well as the two promoted from the National League.
The League said the proposal stemmed from English football’s concerns about the congested fixture list and the move enjoyed the support 'in principle' of the Premier League and FA.
The revamp, which would reduce fixture congestion by cutting the number of midweek games, was in a discussion document sent to clubs ahead of next month's annual general meeting (AGM).
Ninety percent of the 72 clubs must support the proposal, with a decision to be made at the League's AGM next year.