The event follows on the back of the Team of the Season promo which has run for six weeks, but it is time for something new in FUT 21.
Keep track of all the latest news, leaks, loading screens, and more as we countdown to the exciting new event.
Latest news - Card design revealed
In the latest in a series of loading screens, EA has now revealed the colourful card design for the Festival of FUTball.
The cards have a very Brazilian vibe to them with the green and yellow colourway, and they are sure to spice up your Ultimate Team.
Now the design has been revealed, we eagerly anticipate the loading screen that teases some of the players which will likely arrive tomorrow evening.
Judging by the Ultimate Team loading screen, FIFA 21's Festival of FUTball will arrive on Friday, 11 June at 1pm ET / 6pm BST.
We will likely see a new special squad released this week alongside plenty of other content too with flash SBCs expected.
Expect to see a loading screen or some teasers on social media in the build-up to the event.
We have seen two already, with the first teasing a new promo and the second confirming the name of the event.
The Festival of FUTball has certainly got FUT fans talking as the event will likely celebrate the major international tournaments taking place this summer.
Keep your eyes peeled this evening as we expect another, potentially teasing some of the players that will be included in the first drop.
Festival of FUTball
The Festival of FUTball is based on the stars of international tournaments, with it last seen on FIFA 18 for the 2018 World Cup.
A squad was released after each "matchday", followed by a Team of the Tournament combining all the best cards from the promo.
Players could appear in multiple squads - with Luis Suarez picking up 98 and 99-rated cards throughout the event.
With the Euros, Copa America, and Concacaf Gold Cup this summer, we could see players from across the globe involved.
Ahead of the release of the first squad this Friday, we have put together a shortlist of players we think could feature in the new promo.
We think EA could go big on their FIFA ambassadors, meaning the likes of Joao Felix and Phil Foden could star in the event.
Away from EURO 2020, could we see Neymar feature in back-to-back promos having been selected in the Ligue 1 Team of the Season?
Take a look at our Festival of FUTball predictions including the PSG superstar who could see an improvement to his already incredible Team of the Season card.