Clarke said the IPL has been a great benefit to the next generation of Australian players.
"The IPL is a wonderful tournament. It has given guys a great opportunity on a major stage to state their case for international cricket," Clarke said in St Lucia as Australia prepared for the T20 World Cup.
"Guys have gone over there and done really well at the IPL level and they've got their chance for their country," The Sydney Morning Herald quoted him, as saying.
"It's a tournament that I would love to take part in at the right time. I just haven't found the right time so far in my career," Clarke said.
"I hope I will in the future. Speaking to the guys who played a part this year, they said the tournament was fantastic. They had a great time and the cricket was very competitive.
"I really hope that it does continue and I hope one day I get an opportunity to take part," he said.
Modi was suspended hours after the IPL final on Sunday night.
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