Ahead of the 11th edition of the Indian Premier League (IPL) auction, the eight IPL franchises are likely to be permitted to retain up to three players.
The proposal came at an IPL governing council meeting in New Delhi on Tuesday.
According to ESPNcricinfo, as per the proposal the franchises could be allowed to retain a combination of two Indian and an overseas player, or picking up two overseas and an Indian player.
The matter can be further discussed at the meeting scheduled next week, before making a final call on November 14 with all eight franchises.
The new development, if comes into effect, would benefit the Chennai Super Kings (CSK) and Rajasthan Royals (RR) who are back in fray after serving a two-year suspension and are looking forward to retain certain players.
The Rising Pune Supergiants and Gujarat Lions that replaced the above two teams will not be part of the new IPL season.
The 2018 edition of India's lucrative T20I league is slated to take place from 4 April to 31 May.