The Board's chairman stated that a decision is likely to be taken in the next couple of days.
He is the third icon player to be signed with the organisers still needing a couple more cricketers.
He retired from international cricket in May this year.
This league, however, is also set to clash head on with the schedule of the popular Big Bash League (BBL) of Australia.
There will be 22 matches played in the competition across a 24-day period during the months of December and January.