The proposal, part of Dyke's commission aimed at boosting the number of young English players at the top of club football, would see the new league placed between League Two and the Conference.
Other plans, which will be put to the FA Board at Wembley today, would see the number of home-grown players required in league clubs' 25-man squads increased from the current minimum of eight, and a shake-up of the loan system.
Opposition for the plans has already been voiced by some Premier League and Football League clubs, but Dyke was giving nothing away on arrival at the governing body's north London headquarters.
Speaking to Sky Sports News, he said: "We will be presenting a report to the board of the FA today and I'm not saying anything until it has gone to the board.
"There are a set of proposals which is what I promised when I started, and these will be published next week.
"They are designed to increase the number of English boys getting through to the top level of football here and across Europe."
Concerns over to the disruption to the traditional 'pyramid structure' have already been aired with Football League chairman Greg Clarke keen to see the proposals before commenting.
Clarke, a member of Dyke's commission, said: "The Football League board will have the opportunity to hear from Greg Dyke in person today.
"This will enable our board to better understand the rationale behind his proposals and also to ask some practical questions about their likely impact upon the League and its clubs.
"After fully considering the relevant issues, the board will then take a recommendation back to clubs who will determine the League's position on this