A number of Fifa officials were arrested in dawn raids at a Zurich hotel on Wednesday.
Officials arrived at the Baur au Lac hotel where members of football's world governing body are meeting ahead of Friday's presidential election.
According to the New York Times, the arrests were made at the request of the US Department of Justice.
The department and the Federal Bureau of Investigation will hold a press conference in New York, at 15:30 GMT.
Earlier this month, Fifa president Sepp Blatter said he knew of an FBI investigation, but that it was investigating former colleagues.
Blatter will go head-to-head against Prince Ali bin al-Hussein of Jordan in the election.
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