[WPS] U.S. Soccer's Board of Directors has given Women's Professional Soccer the green light to go ahead as a Division I league for its fourth season, even though it will likely have only five teams.

The waiver is conditional on the five teams agreeing on certain conditions that were not identified.

“After a positive discussion," U.S. Soccer said in a statement to ESPNW's Beau Dure, "the U.S. Soccer Board of Directors approved a plan to sanction WPS as a Division 1 professional league in 2012, subject to certain conditions. Once the Board receives confirmation from WPS that all five teams agree to those conditions, U.S. Soccer will issue a formal announcement.”

Division I leagues require eight teams, but U.S. Soccer gave it WPS a waiver when it went into the 2011 season with six teams.

WPS kicked South Florida-based magicJack out of the league after the 2011 season.

U.S. Soccer had recently given WPS an extension to add a sixth team.

WPS has received lots of interest following the uptick in interest following the 2011 Women's World Cup, but no agreement has yet to be reached with investors in new markets.