Manchester City and Chelsea are set to receive a share of a $ US1 billion ($A1.6 billion) prize fund for competing in this summer's Club World Cup.
Organisers FIFA announced details of what will be the largest prize pot in club football for the newly expanded 32-team tournament.
FIFA is understood to be setting aside an additional $US100 million ($A159 million) for solidarity payments to clubs who have not qualified.
"The FIFA Club World Cup will not only be the pinnacle of club football, but also a vivid demonstration of solidarity that will benefit clubs at large to a scale that no other competition has ever done," said FIFA president Gianni Infantino.
"All revenue generated by the tournament will be distributed to the participating clubs and via club solidarity across the world as FIFA will not keep a single dollar. FIFA's reserves, which are there for global football development, will remain untouched."
The revamped Club World Cup will be held in the United States from June 14 to July 13.
City and Chelsea will be involved as a result of their Champions League successes in 2023 and 2021, respectively.
With AAP.
