These seem to be the initial proposals for discussion, launched in June.
“Under a "Security and Defence Cooperation" scenario, Member States would still decide on the need for security and defence cooperation on a voluntary and case-by-case basis, while the EU would continue to complement national efforts. Defence cooperation would be strengthened, but the EU's participation in the most demanding operations would remain limited. The new European Defence Fund would help develop some new joint capabilities but Member States would still oversee the bulk of defence capabilities' development and procurement individually. EU‒NATO cooperation would retain today's format and structure.
Under a more ambitious "Shared Security and Defence" scenario, Member States would pool together certain financial and operational assets to increase solidarity in defence. The EU would also become more engaged in Europe's protection within and beyond its borders. It would take on a greater role in areas like cyber, border protection or the fight against terrorism, and strengthen the defence and security dimension of internal EU policies like energy, health, customs or space. This would be matched by a political will to act, as well as decision-making fit for a rapidly changing context. The EU and NATO would also increase mutual cooperation and coordinate across a full spectrum of issues.
The most ambitious "Common Defence and Security" scenario foresees the progressive framing of a common Union defence policy, leading to common defence based on Article 42 of the EU Treaty. The existing provision allows a group of Member States to take European defence to the next level. Under this scenario, protecting Europe would become a mutually reinforcing responsibility of the EU and NATO. The EU would be able to run high-end security and defence operations, underpinned by a greater level of integration of Member States' defence forces. The EU would support joint defence programmes with the European Defence Fund, as well as set up a dedicated European Defence Research Agency.This would also foster the creation of a genuine European defence market, able to protect its key strategic activities from external takeovers.”
europa.eu/rapid/press-release_IP-17-1516_en.htm
I can't see that any of these would constitute a “European Army”.