The Euros were set to kick-off on June 12, with the competition due to be played across 12 countries, including Spain, Italy, England, Scotland and Ireland.
UEFA seem determined to play the tournament at some stage, rather than cancelling outright and wait for 2024, with the summer of 2021 looking the preferred option.
The intention of the postponement is not just for public health, but also to allow the completion of the domestic 2019-20 competitions that have been suspended across Europe following the Covid-19 outbreak.
Meetings will begin on Tuesday morning and an announcement on any decision is not expected until mid to late afternoon.
The meeting will be held over conference calls, lead by UEFA president Aleksander Ceferin and his operational leadership team and will involve the European Club Association, which represents almost 250 clubs across the continent, including Premier League sides such as Arsenal, Liverpool, Newcastle and Tottenham, the European Leagues, which represent 32 leagues, including the Premier League and EFL, and all 55 of UEFA’s member associations.
A statement from the European Leagues body, which represents the Premier League, EFL and Scottish Professional Football League, said: “It is most essential that domestic competitions can be completed this season, to limit the negative impact for the entire football ecosystem.
“This crisis is also causing very serious sporting and financial consequences to all parties involved in the game.
“We are ready to cooperate with UEFA and other stakeholders to find common solutions to all these issues in a constructive way, including the international club competitions and Euro 2020.”
Football’s National League was the last league in England to suspended their season on Monday, postponing matches until at least April 3.
The FA, Premier League, English Football League and Barclays FA Women’s Super League and FA Women’s Championship had agreed to postpone professional matches on Friday, but the National League decided to continue with its fixtures over the weekend.
The organisation said in a statement on Monday, however, that it was “clearly not practical for its fixtures to be fulfilled in the immediate future”.
The Football Association announced it is “advising that all grassroots football in England is postponed for the foreseeable future”, while the Scottish Professional Football League has postponed all fixtures until advised otherwise by the Scottish Football Association and Government.