The Edinburgh club will also be discussed by UEFA's control and disciplinary body after Hearts fans spilled onto the pitch during last month's Europa League match with Liverpool at Anfield.
It will not be the first time the SPL have discussed late delivery of salaries at Tynecastle after four significant delays last season.
The matter resurfaced this week, with the SPL receiving official written notification from Hearts of the delay this morning as the capital club met their obligation to inform the governing body within two days of the incident.
The SPL board meeting was already scheduled and the situation at Hearts, where a number of the club's high earners are still awaiting their monthly salaries which had been due on Monday, will now be among the discussion points.
Sanctions, detailed in the SPL handbook under the heading 'Default in player and club official remuneration', include the possibility of a signing embargo "until the (SPL) board is satisfied that such remuneration default shall no longer continue or subsist".
Hearts have said they are seeking to swiftly resolve the latest delay, which comes after a month which featured a glamour Europa League tie with Liverpool, while all 12 Clydesdale Bank Premier League clubs are awaiting the latest instalment of television revenue amounting to £300,000 per club.
Last term three straight months of delayed player wages prompted an official complaint from the players, via union PFA Scotland, to the Scottish Premier League, but action was averted in January after Hearts met the demands imposed.
However, the issue reared its ugly head again in March, when players and staff received their salaries 12 days late.
Hearts attributed some of last term's delays to logistics transferring the funds from Lithuania, where majority shareholder Vladimir Romanov is based.