The proposals were endorsed by the International Cricket Council (ICC) chief executives’ committee (CEC) in Dubai yesterday.
The recommendations are subject to the approval of the ICC executive board, which will make a final decision at its March meeting.
ICC chief executive, Malcolm Speed, said the organisation has "worked hard to provide its members with flexibility in the scheduling of international cricket", adding that the new Champions Trophy would be "a shorter, sharper event".
He said both the Twenty20 and Champions Trophy events could be played "in a number of countries at different times of the year to fit in with the overall demands on international teams”.
The move is likely to be welcomed by India, which had threatened to start organising its own schedule due to the Champions Trophy limiting the number of one-day internationals and Test matches it could host.
