The eight franchises will participate in a high-profile IPL 'auction' in Mumbai on Wednesday.
Shoaib's agent, David Ligertwood, expressed confidence that the pace ace would be cleared to play in the IPL.
"This is an exciting week for Shoaib and all other players contracted to the IPL. We have just agreed on the players contract which Shoaib and all other players will sign in the next 48 hours. We are now waiting to find out on Wednesday which city and franchise Shoaib will be engaged with."
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