UEFA has established a new set of regulations ahead of the new season, with the goal of tightening up on licencing and financial sustainability issues.
The award will henceforth be presented to the greatest player throughout a standard European season rather than a calendar year beginning with the 2021/22 season.
Barcelona, who are in the midst of a crucial transfer window, are at the centre of many of these transfer stories as they seek to develop a club capable of dethroning archrivals Real Madrid, who have won both the La Liga and the UEFA Champions League.
The Reds were denied a seventh European Cup when they were defeated 1-0 by the Spaniards in Paris on a day characterised by organisational chaos that threatened the safety of Liverpool fans outside the stadium before, during, and after the game.
Thierry Henry told Mo Salah to 'don't talk' before a final after Liverpool lost another Champions League final to Real Madrid on Saturday, according to CBS Sports.
Carlo Ancelotti remarked that Liverpool was easier to decipher than Manchester City, PSG, and Chelsea as Real Madrid were crowned European champions for the fourth time.
Rio Ferdinand has reacted angrily to Michael Owen's assertion that Liverpool remain the finest side in Europe despite losing the Champions League final to Real Madrid.