The Board of control for Cricket in India has indicated it has plans to stage a condensed version of the IPL annually in September.
BCCI president Anurag Thakur has said that the name and exact format of the tournament will be announced later after the particulars have been worked out, but the intention is to host the tournament overseas with the United States seen as a possible location.
Addressing the media at Dharamshala, Thakur said: "More details can be shared once we speak to the various stakeholders,
"We'll speak to the franchises, to the broadcaster, and look at the revenue model before finalising the dates and the format."
The full IPL tournament has been held abroad once, when security concerns in India led to the 2009 edition being held in South Africa.
There is some suggestion that this tournament may be rotated and held in different locations, with a strong likelihood being that the IPL will be going to America.
Thakur refused to commit to a venue though, only saying: "There are many options, many countries host the IPL. So there will be a process to look at the various time zones available, various markets available, which could be the best partner country, whether every year it should be hosted in that country or the countries can be changed."