They met today to asssess the financial implications caused by the COVID-19 crisis and how best to end the exisitng season.
Options include playing games behind closed doors, nulling and voided the season or using a PPG basis.
An EFL statement said: “The EFL Board has met today to further consider the many complex financial and operational matters resulting out of the COVID-19 crisis, including how the 2019/20 campaign is concluded.
“While there is much debate and discussion taking place publicly and privately regarding what should, or could, happen next, the EFL will continue to undertake consultation with our members before the next steps are determined.
“Current attention is clearly on the immediate next steps, but the long-term impact on the League and its Clubs remains as stark as previously outlined, and solutions are still required to fill the financial hole left by the crisis.
“The consequences of the COVID-19 pandemic will not be rectified simply by a return to play behind closed doors.”
EFL bosses also said they were mindful of the need to offer clarity and timeframes if clubs are to return to training.
They have also issued the latest draft of their ‘Return to Training Protocols’, so clubs they can prepare appropriately.
The statement added: “Until all outstanding matters are concluded, including finalising a comprehensive testing programme on matchdays and non-matchdays, the EFL Board has informed its clubs that a return to training should not take place until 25 May at the earliest.
“Dialogue continues with our colleagues across the footballing and political landscape regarding these and other issues, and the EFL is committed to keeping all relevant parties updated on key decisions and developments as they occur.”