Officials from Arsenal, Manchester United, Liverpool, Manchester City and Chelsea did not discuss starting a European Super League when they met in London yesterday and talks were primarily about pre-season tournament the International Champions Cup, according to Press Association.
The clubs confirmed they had a meeting called by Stephen Ross' company Relevant in order to discuss summer tours and potential changes to the Champions League. Mr Ross did not attend the meeting.
Uefa have entered 3-year cycle of Champions League and Europa League so no imminent changes to the current set-up, so any potential changes to structure are a long way off.
The Sun newspaper reported that the five clubs were discussing creating a potential new European Super League when officials met at the Dorchester Hotel.
An Arsenal spokesman, while confirming a meeting took place, told Press Association Sport: "We are strongly opposed to any breakaway.
"Not Arsenal, nor any clubs at the meeting, are seeking changes to the Premier League and European landscape and no conversations surrounding displacing the Premier League or starting a European Super League took place.
"Discussions were primarily around the ICC and formats of European competitions that would compliment the existing Premier League."
Liverpool attended the meeting after an invitation from a long-standing associate whose tournament they played in two years ago and are likely to do so again this summer during their pre-season tour of the west coast of the United States.
The club remain strong supporters of the existing structure of European football.
The Premier League said they had no comment to make when contacted on Wednesday.