Steve Smith is resigned to missing out on the upcoming Indian Premier League season amid the coronavirus pandemic, with the star batsman conceding it's "not looking likely" the competition will go ahead.

Smith, who has a $2.5 million contract, is one of several Australian players on big money who had been set to play this year, including Pat Cummins, Glenn Maxwell and Aaron Finch.

Steve Smith was due to play in the IPL but is currently trying to stay fit at home. Credit:Kate Geraghty

The Times of India reported that players would not be paid if the IPL was cancelled. The tournament has been pushed back to April 15.

Smith's time is now being spent in his home gym, playing guitar and going on 10-kilometre runs with the sporting world in limbo.