35 Pakistan players will be taking part in the draft on October 20.
Joe Root might be handed captaincy of the franchise.
Recently, ECB chief executive Tom Harrison and Cricket Ireland chief Warren Deutrom visited Pakistan.
Ashley Giles, their director of cricket, is set to start the process of appointing a new head coach this week.
The ECB management thinks that Plunkett is now past his prime and they are looking to invest in younger talents.
He wants to give himself a bit of time to refresh his batteries.
In another development, Joe Root will continue to lead in Test cricket.
His improvement was recognized by Ashley Giles, England's Director of Cricket.
The ECB has come out in support for Stokes.
The 24-year old is certainly an X-Factor as far as England is concerned.