The International Cricket Council has reportedly given the thumbs up to Shane Warne and Sachin Tendulkar’s proposed Twenty20 all-stars league.

The ICC provided clearance for the league, a one-off event in November which will see a host of former stars play a series of matches in the United States, after talks with Warne and Tendulkar, the Times of India reported.

Warne hinted on social media earlier this week that he would soon release further details of the league, tweeting "Hopefully will have some exciting cricket news for you this week".

Hopefully will have have some exciting cricket news for you this week followers ! Stay tuned.... https://t.co/yADAMCdjZE — Shane Warne (@ShaneWarne) September 11, 2015

The ICC clearance paves the way for Tendulkar and Warne to sign a slew of legends for the series, including Glenn McGrath, Adam Gilchrist, Brett Lee, Rahul Dravid, Jacques Kallis, Sourav Ganguly, Brian Lara, VVS Laxman and Wasim Akram.

The games are set to be played in November on drop-in pitches at three baseball stadiums – Wrigley Field (Chicago), Yankee Stadium (New York) and Dodger Stadium (Los Angeles).

A portion of the earnings from the three T20 matches will go to the ICC to help grow the game in the country.

“Myself and Sachin had an idea – why not take cricket to America and be the Harlem Globetrotters, go around and do free exhibitions at schools … help grow the game of cricket (in a country where there are already) 45 teams in LA,” Warne told News Ltd in June.

“We’ve signed around 28 players who have all said, ‘If you and Sachin are doing it, we’d like to do it as well’. We’ve got all the players you’d want to see from the past 20 years.”

In May, Lee's manager Neil Maxwell confirmed his client had received an offer from Warne and Tendulkar and would be seeking permission from CA to play.

"I can't see anything wrong with it, it's a group of retired blokes playing a game of cricket," Maxwell told News Corp.

When news of Warne and Tendulkar’s plans first surfaced in May, a Cricket Australia spokesman suggested it could be a positive way to promote and grow the game in an emerging market like the United States.

Warne took to Twitter in January to foreshadow the plans, hinting at an "exciting announcement to make soon" of a deal with Tendulkar.

Warne wrote on Instagram: "Me & the little master have an exciting announcement to make soon. We look forward to sharing it with you all... Pumped !!!!!" before adding the hashtag #BBL04 and posting a picture of himself and Tendulkar from the Lord's bicentenary match, a game that featured a mix of past and current greats.

Me & the little master have an exciting announcement to make soon. We look forward to sharing it with you all... Pumped !!!!! #BBL04 A photo posted by Shane Warne (@shanewarne23) on Jan 17, 2015 at 12:45am PST

The United States is seen as a lucrative but untapped market for cricket due to the large number of subcontinental expats living there.