Platini is hoping the laws are changed to suit football
Michel Platini says Uefa is considering the possibility of capping spending by clubs because football could "financially implode".
The president of European football's governing body insisted the clubs themselves have requested the introduction of a new policy.
"Clubs are telling us that our system is in danger of financially imploding in the medium term," said Platini
"We are looking at limiting a club's expenditure on staff."
The 53-year-old former France international added: "That limit would be salary and transfer fees combined - to an as yet undecided percentage of its direct and indirect sporting revenue."
Platini stated that one club's "astronomical bids" were "morally" questionable.
It is believed he was referring to Manchester City's reported bid of £90m (100m euros) for AC Milan's Kaka during the January transfer window, who were also understood to have offered the forward wages in excess of £250,000 per week.
"During this year's festive season, one club which had suddenly become very rich made various astronomical bids in the transfer market," Platini added.
"Of course, there was a tremendous outcry in the football family, people called it outrageous and scandalous.
"Is it morally acceptable to offer such sums of money for a single player?
"Many people have responded by talking about limiting players' wages by introducing a European salary cap."
The ex-Juventus player called for the European parliament to help Uefa in its bid to make football more financially stable despite labour laws which currently promote free trade.
"Whatever happens, please do not stop us, on the basis of inappropriate legislation, from establishing financial fair play," he added.
"Do not stop us from putting in place mechanisms that foster the integrity of our competitions and more transparency in the management of our affairs.
"Do not stop us from acting morally. Especially when all the stakeholders - clubs, players and national associations - agree with my proposals for greater financial transparency and better governance."
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