Is Dilip Vengsarkar set to join the IPL bandwagon? © Getty Images

The multi-billion-dollar Indian Premier League appears to have netted another big name with Dilip Vengsarkar, the former India captain and current chairman of selectors, reportedly set to join the league as its Director of Operations.

Reports suggest Vengsarkar, whose tenure ends in September, will join the IPL for a two-year period and is expected to be paid an annual salary of around US$ 235,000.

The move will come as a major step in the Indian board's relationship with Vengsarkar, one that has been strained in the past. Vengsarkar had his share of run-ins with the BCCI, including one over writing columns in newspapers. He even demanded a hefty compensation for having to stop writing.

Now Vengsarkar is set to join two other former India captains in the IPL roster - Sunil Gavaskar and Ravi Shastri are already part of the IPL governing council.