An undercover investigation by a national newspaper claims England manager Sam Allardyce offered advice on how to "get around" FA rules on player transfers as he negotiated a £400,000 business deal.

England's new coach was filmed by The Telegraph allegedly negotiating a consultancy deal with undercover reporters purporting to represent a Far East firm.

He told the 'businessmen' how to bypass the "ridiculous" transfer rules, established in 2008 by the Football Association, prohibiting third parties from owning players, it is claimed.

In undercover footage, he is recorded saying he knew of certain agents who were "doing it all the time" adding: "You can still get around it. I mean obviously the big money's here."

The Telegraph's investigation also alleged:

The newspaper alleged disclosures came during two meetings lasting a total of four hours with the undercover reporters who claimed to be a firm hoping to profit from the Premier League's transfer market.

They allegedly discussed a £400,000 agreement which could be considered a conflict of interest for the international football manager.

Responding to the investigation, a spokesperson for the FA told ITV News they are waiting for more information from The Telegraph about the allegations and could not comment further.

Mr Allardyce has yet to comment in response to the allegations.