Fifa president Sepp Blatter said: "This is an issue which has been raised by the national associations and members.
"The executive committee has decided that this case should be opened."
Blatter said the executive committee will examine the documents relating to the company, International Sport and Leisure, at a meeting in December.
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World football's governing body has repeatedly blocked attempts by journalists to have the documents released.Sepp Blatter Fifa presidentWe will give this file to an independent organisation outside of Fifa so they can delve into this file and extract its conclusions and present them to us
Last year, lawyers acting for Fifa and its senior officials paid 5.5m Swiss francs (£3.9m) to settle the case and keep their identities secret.
Blatter also detailed an overhaul of Fifa's ethics bodies and announced the creation of three "task forces" and a good governance committee to drive through reforms.
He laid out a two-year timetable for implementing the reforms.
Regarding the ISL case, Blatter said: "The executive committee has at my request agreed that in the meeting of 16-17 December we will re-open this file.
"If there are any measures to be taken they will not be taken by the executive committee - it is not the body that can take sanctions or release anyone
"So we will give this file to an independent organisation outside of Fifa so they can delve into this file and extract its conclusions and present them to us."
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