FIFA president Sepp Blatter believes future World Cup finals should not be decided by penalties and said changes could be in place for the 2010 tournament in South Africa in four years.
Italy's became World Champions this year by beating France on penalties and this made up for their 1994 final defeat by Brazil in a shootout, but Blatter said the manner of deciding it was "a tragedy".
Blatter went on to say that a replay or gradually deducting players in extra time would be a better solution.
"We have four years or so, so I think we have time," Blatter told a Reuters reporter at a Swiss Chamber of Commerce event in Zurich.
"Maybe to replay the match if it's the final, you can't do that through the tournament because of lack of time. Maybe to take players away and play golden goal," Blatter said, adding that high-level discussions would start soon.
"When it comes to the World Cup final it is passion, and when it goes to extra time it is a drama," the head of world football's governing body said in an earlier speech. "But when it comes to penalty kicks it is a tragedy.
"Football is a team sport and penalties is not a team, it is the individual." West Germany won the first penalty shootout in the tournament, beating France in the 1982 semi-final.
England has been nothing short of diabolical in Penalty shoot outs so they would welcome the change whereas Germany who are Kings of the Penalty Shootouts would possibly be not as pleased.