The 2013-14 NextGen Series has been postponed due to funding problems, the organisers have confirmed.
Despite being considered a footballing success, with a number of players going on to make an impact for their respective first-teams, a lack of funds means there will be no competition this season.
Mark Warburton and Justin Andrews, co-founders of the NextGen Series, said: "The level of support we have received from the football industry, media and fans has been magnificent and for that we are truly grateful.
"It is hugely disappointing that an event of this nature, designed to assist with the development of Europe's elite players, should have to take such action but we hope to be back next season with an even better tournament."
Aston Villa won the tournament, which features Under-20 teams from across Europe, last season.