News Corp’s Fox Sports has emerged as the frontrunner to secure cricket legend Shane Warne as part of its coverage of the game, with contracts expected to be signed within the next 48 hours.

It's understood this could make Mr Warne the highest-paid member of the Foxtel/Fox Sport's cricket commentary team.

Shane Warne is tipped to end up on Fox Sports. Credit:Daniel Pockett

The cricket great's manager, James Erskine, told Fairfax Media no contracts had been signed yet, with Mr Warne currently in India, where he is a mentor for the Rajasthan Royals in the Indian Premier League. But he confirmed a deal was imminent.

Sources say this will most likely result in Mr Warne signing with the pay-TV platform.