Premier League clubs will be allowed to enter into short-term contract extensions with those players, whose contracts expire on June 30.
The Premier League is expected to return from next month, and that caused concerns as some of the players are running out of contract.
Premier League made a statement saying: "It was agreed by all shareholders that clubs and players can mutually agree to extend their contracts beyond June 30 until the end of the season."
Players like Willian, Chelsea winger and Jan Vertonghen, Tottenham defender are expected to leave the clubs on a free transfer as their current deals are due to expire on June 30.
Now both players will not be able to complete the current campaign due to the termination of their deals.
The season is set to finish in July , as the Premier League is due to resume on June 19 at earliest.
However, the top-flight clubs are now allowed to extend their players' contracts for short period of time in order to deal with the problem for the timebeing.
According to ESPN, there must be a mutual agreement in order to that to happen and it must be reached by June 23 which can then run for as long as required until the campaign is finished.
In a statement, the Premier League chief executive Ricard Masters said: “What we decided today is to ensure as far as possible that clubs complete the season with the same squad they had available prior to the suspension of the campaign.
“Players can extend their contracts beyond 30 June until the end of the season, but it must be agreed by both parties.”