A three-strong arbitration panel heard five days of arguments from lawyers for a group of 12 LIV Golf players and those representing the DP World Tour in February.

The case arose when players requested "conflicting event," releases from the Tour in order to play the inaugural LIV Golf event in Hemel Hempstead last June.

Those requests were denied but the players competed at Centurion Club regardless and were fined A$185,000 and suspended from the Scottish Open.

Ian Poulter, Adrian Otaegui and Justin Harding appealed against the decision and the punishments were stayed pending an appeal, allowing the players to compete in DP World Tour events.

The number of appellants then grew to 16, but Sergio Garcia, Charl Schwartzel, Branden Grace and Otaegui withdrew from the case, which was heard behind closed doors by Sports Resolutions UK.

According to a report in The Times on Tuesday, the panel has reached a verdict and found in favour of the DP World Tour, with an official announcement potentially being made during the first round of the Masters on Thursday.

"If that is the outcome, then that certainly changes the dynamic of everything." - Rory McIlroy.

A spokesperson for the DP World Tour said: "Out of respect for the confidentiality of the process conducted by Sport Resolutions, we will make no comment on any aspect of the arbitration until the decision is formally announced."

While the PGA Tour is involved in a separate anti-trust lawsuit with LIV Golf and a handful of its players who were suspended for playing on the Saudi-funded circuit, DP World Tour officials had stressed the "narrow parameters" of the arbitration case.

In a briefing with reporters at the Dubai Desert Classic, DP World Tour director of communications Scott Crockett said: "The hearing centres solely on our conflicting event release regulation and our ability to enforce it.

"Every member signs up to our regulations when they pay their membership fees each year. There are precedents where they have not been granted in the past."

It remains to be seen if the likes of Lee Westwood and Poulter will appeal against the verdict or give up their membership of the DP World Tour.

LIV Golf declined to comment when contacted.

Speaking in his press conference ahead of the Masters, Rory McIlroy said he could not comment widely until the verdict was officially announced, but added: "If that is the outcome, then that certainly changes the dynamic of everything."

Asked if he felt it was the correct decision, McIlroy said: "I'm not a lawyer. But if the arbitration panel think that's the right decision, then I have to go by what they say."