New director of rugby Dave Reddin, chief executive Abi Tierney and chair Richard Collier-Keywood have been involved in the plan.
It remains unclear whether the two future sides being proposed will be new entities or existing teams.
The WRU has, though, proposed that there will be two organisations which will each have a men’s and women’s team.
There could be 50 players in each men’s squad with a budget of £7.8m each, while the women’s squads will have 40 players apiece.
The WRU says there will be significantly elevated funding for each men’s squad, which would facilitate a radically different profile of talent and support.
The Union says the two squads would feature predominantly Welsh-qualified players, while there would be a rethink on non-Welsh qualified players.
The WRU would fund the two men’s and two women’s teams, all of which would be operated under licences, with the governing body giving any owners or investors responsibility for all commercial operations.
Phase one would involve the move of the two sides, men’s and women’s, operating on two sites.
There will also be a transition to contracting of players and staff within central national academies.
Phase two would involve the clubs moving to training at one site which will be known as a national campus.
This will be home to 400 people, including men’s and women’s national staff, professional and clubs staff and national academies. The men’s and women’s academies will be centralised.
The proposals include improving the standard of the Super Rygbi Cymru competition, which is the current level below the men’s fully professional game.
There is also a pledge to establish a senior women’s domestic competition, with an acceptance there is a current lack of high-quality club rugby below the Celtic Challenge, where Gwalia Lightning and Brython Thunder compete.
