UEFA president Michel Platini is considering appealing to increase the bans and fine imposed on Serbia for alleged racist abuse.
According to The Mirror, UEFA sources said Platini has taken note of the sanction and will make a final decision once he has read the full file on his return from Japan next week.
The incident occurred as the final whistle sounded in Serbia's European under-21 Championship qualifier with England in October.
Several England players claimed they had been racially abused by Serbian fans, leading to a mass brawl between both sets of players and coaches.
England had just won the game in Krusevac 1-0 to book their place in the 2013 tournament.
Four Serbian players have been handed bans and two of their coaches suspended for two years.
Serbia will also be forced to play their next competitive under-21 game behind closed doors and have been fined 80,000 euros.
England's Steven Caulker and Blackpool's Tom Ince will serve respective two- and one-game suspensions for their part in the brawl.
Since the sanctions were imposed on Thursday, Platini has suggested there may be a rethink and the possible implementation of more 'drastic' measures.
Kick It Out chairman Lord Herman Ouseley has led calls for more severe action to be taken against Serbia, describing the original punishments as 'paltry'.