Players from England and South Africa are close to agreeing on a contract for the forthcoming Champions Trophy in Sri Lanka, after Australia's players reached a compromise.
"We are very close to sorting out the situation," England players' representative Richard Bevan said.
Australia have agreed to sign their contracts after the International Cricket Council (ICC) said it would consult with players on commercial arrangements for future events.
Indian selectors on Wednesday named a provisional 25-man squad, excluding all the players currently on tour to England.
Reports suggest veteran allrounder Robin Singh could captain the team, made up almost entirely of players with international experience.
But they have not ruled out the possibility of their stars, including Sachin Tendulkar and Sourav Ganguly, returning to the side, if they sign a contract.
The West Indies Cricket Board is expected to meet with national squad players to discuss the disputed contracts for the ICC Champions Trophy in Sri Lanka.
This follows the annoucement that the Australia Cricket Board (ACB) had reached agreement with the Australia Cricketers Association (ACA)
"We are studying the document to see how we can adapt it to our circumstances and are delighted a breakthrough has been achieved. We are optimistic that our players will follow the direction of the ACA."
The ICC Champions Trophy gets underway in Sri Lanka on September 12.
Australian one-day captain Ricky Ponting has not ruled out a player boycott in world cricket's contract dispute, but he is desperate to avoid one.
Ponting admitted he didn't know how players and the Australian Cricket Board could reach an accommodation with the controversial International Cricket Council sponsorship contracts, which have been rejected by leading players worldwide.
