Uefa have announced that seven clubs have been asked to give reasons for their overspending in the financial years ending 2012 and 2013

Inter , Liverpool , Monaco and Roma are among seven clubs to be investigated by Uefa over breaches of Financial Fair Play (FFP) regulations.

All four have returned to European competition this season after missing out in 2013-14, but have fallen foul of Uefa’s FFP laws which demand that clubs lose no more than €45 million over the three-year period of 2011-14.

The European governing body has announced that the seven clubs – which also include Besiktas, Sporting Lisbon and FC Krasnodar – have submitted financial reports for the periods ending 2012 and 2013 which show break-even deficits.

The Uefa Club Financial Control Body (CFCB) has now asked the clubs involved to submit evidence to support their case against punishment, which could be as serious as expulsion from European competition.

A Uefa statement confirmed: “These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which an additional communication will be made and conservatory measures may be imposed.”

Manchester City and Paris Saint-Germain were hit with heavy fines and a reduction of players in their Champions League squads for season 2014-15 as a result of previous breaches under the FFP guidelines, having failed to convince the CFCB that their overspends were circumstancial.

Uefa has also announced that five further clubs – Bursaspor, CFR Cluj, Astra Giurgiu, Buducnost Podgorica and Ekranas – will have prize money temporarily withheld while they are investigated for overdue payments to either employees or external parties.

It total, the organisation will continue to monitor 115 cases over which they have concerns regarding finances.