The EC said in a statement that "at least two broadcasters" will win the rights with each obtaining "a viable and meaningful share of the live broadcast rights", although its proposed 50% maximum quota on games has apparently been ruled out.
It is understood the 138 live games will be separated into five batches -- with no one broadcaster able to own more than four.
The next step involves the Premier League agreeing to the commissioners "clarifications".
Jonathan Todd European Commission spokesman on competition, said: "The commissioner has proposed a number of clarifications to its proposal to ensure that all bidders understand what forms of bids are and are not permitted, to ensure that the auction is carried out in a fair and transparent way, and to ensure that the 'no single buyer rule' to which the FAPL committed themselves in December 2003 would work in practice."
The EC also said it values the Premier League commitment that each package of rights would be sold individually to the highest bidder on a standalone basis.
The two groups thrashed out arguments on Tuesday in Brussels for the 2007-2010 rights, with the Premier League reportedly agreeing to stick by its December 2003 agreement to share the next round of TV rights.
EC commissioner Nellie Kroes, who has previously attacked the Premier League for "backtracking" on the December 2003 agreement, called the talks "constructive" and said they represent a significant move closer to "an amicable result".
Sky is most likely to scoop four out of the five packages with the BBC, Five, ITV and cable group NTL and Irish broadcaster Setanta Sports bidding for the remaining bundle.
According to reports last week, ITV and NTL plan to join forces in attempt to wrestle 50% of the Premier League rights from Sky.
It is believed NTL would offer games from as little as £10 a month. However, the move depends on whether the European Commission rules against Sky.
The Premier League will auction the 2007-2010 rights next spring.
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