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The USD five million tournament would pit the best two sides from the domestic T20 competitions of Australia, South Africa, England and India against each other.
Australia will be represented by Victoria and Western Australia in the 10-day competition in September - October in either India or the United Arab Emirates.
The inaugural Champions League is yet to witness its first ball but Cricket Australia chief executive James Sutherland is thinking of holding the cash-rich tournament on annual basis.
"Obviously each of those four countries have a domestic Twenty20 competition each year, and we'd like to think the winners of each of those competitions can play off on an annual basis," Sutherland said.
He also said, Warne after conquering the IPL, would look to repeat the success at the international level.
"There's no doubt with Rajasthan winning the IPL, he'd be very much looking forward to being on the big stage now, and taking on the Vics," he said.
It is though feared that many Australian players would miss the action of the high profile tournament as it clashes with the Champions Trophy in Pakistan and the subsequent Test tour of India.