The organisers of the postponed Champions Twenty20 League will meet on December 8 to see if they can reschedule the tournament early next year, according to the spokesman of the $ six million tournament.
The eight-team tournament was earlier scheduled to be held in India from December 3-10 but had to be postponed after terror struck Mumbai, one of the three venues.
The meeting of the BCCI, Cricket Australia and Cricket South Africa -- the three founding boards of Champions League -- is likely to take place in India and they would "explore any opportunities" to hold the inaugural tournament in 2008-09 season, League spokesman Philip Pope said.
The biggest problem facing tournament organisers will be finding a gap in the busy international schedule in 2008-09 season.
"This window was created in the next week-and-a-half, so in order to establish a new competition elsewhere, (it's) very problematic, with broadcasting, venues, that sort of thing," said Tony Dodemaide, chief executive Cricket Victoria, whose team Victoria Bushrangers will take part in the tournament.
"Many of the venues are booked up now with current competitions going on around the world, so it's very difficult to do and in that light this was the obvious decision," he was quoted as saying by the Australian Associated Press.
Victorian coach Greg Shipperd suggested Australia could host the tournament.
But, Graeme Wood, chief executive of WACA, whose team Western Australia Warriors is taking part in the tournament, thinks the League will go ahead early next year either in India, the Gulf countries, England or South Africa.