We have studied the properties of a sample of 67 very blue and likely young massive clusters in M31 extracted from the Bologna Revised Catalog of globular clusters, selected according to their color [(B-V) < 0.45] and/or to the strength of their Hbeta spectral index (Hbeta > 3.5 A). Their existence in M31 has been noted by several authors in the past; we show here that these Blue Luminous Compact Clusters (BLCCs) are a significant fraction (>~ 15%) of the whole globular cluster system of M31. Compared to the global properties of the M31 globular cluster system, they appear to be intrinsically fainter, morphologically less concentrated, and with a shallower Balmer jump and enhanced $H��$ absorption in their spectra. Empirical comparison with integrated properties of clusters with known age as well as with theoretical SSP models consistently indicate that their typical age is less than ~2 Gyr, while they probably are not so metal-poor as deduced if considered to be old. Either selecting BLCCs by their (B-V) colors or by the strength of their Hbeta index the cluster sample turns out to be distributed onto the outskirts of M31 disc, sharing the kinematical properties of the thin, rapidly rotating disc component. If confirmed to be young and not metal-poor, these clusters indicate the occurrence of a significant recent star formation in the thin disc of M31, although they do not set constraints on the epoch of its early formation.

Submitted for publication in the Astronomical Journal. Aastex Latex file of 22 pages, 12 figures and 3 tables