Cricket Australia's hopes of luring Ricky Ponting into either a coaching or selection role appear to have increased after the former Australian captain relinquished his role in the Indian Premier League.

After two seasons coaching the Mumbai Indians, Ponting has opted to step down from the position.

As Australian cricket undergoes major change after this year's poor performances, Ponting has emerged as a candidate to coach the Australian Twenty20 side in February for a week when coach Darren Lehmann and the Test squad are in India preparing for a four-Test series.

The champion batsman has been in discussions with CA's team performance boss Pat Howard about taking charge in the three-match T20 series but it's understood the timing of the series could be an issue for him.