The new teams will replace Chennai Super Kings and Rajasthan Royals, which are serving 2-year suspensions.
The ICC U-19 World Cup is slated to be held in Bangladesh from January 22 to February 14.
Earlier, on the basis of lack of evidence, the trial court acquitted all 42 chargesheeted in the case.
Apart from Dhoni, Kolkata tycoon Sanjeev Goenka too has shown interest in buying an IPL team.
The IPL Governing Council on Sunday decided to omit Jaipur and Kochi from the list of cities which will bid for new IPL teams on December 8.
Fans will witness a new method of bidding during the sale of the two new IPL franchises.
CSK and RR's replacements for the next two years will be revealed in December.
MS Dhoni is set to join a new IPL team as CSK serves two-year suspension.
In reverse bidding, the buyer with the lowest amount wins.
BCCI's Working Committee on Sunday decided against termination of Chennai Super Kings and Rajasthan Royals.
00 pm on Taal Thok Ke:
Ending speculation, the BCCI on Sunday decided to conduct IPL 2016 with two new teams.
BCCI to discuss the fates of suspended IPL franchises, PepsiCo's threat and other crucial issues in today's Working Committee meeting.
According to a top BCCI official, there could be relief for the two franchises.
The BCCI said on Friday it will address the concerns raised by Pepsi, the title sponsor of its flagship tournament, the Indian Premier League (IPL).
The beverage giant wants to withdraw deal due the ongoing spot-fixing case surrounding the league.
The BCCI's next Working Committee meeting is expected to take place October 17.
Justice Mukul Mudgal on Monday backed BCCI's decision of handing Shashank Manohar a second term as its president.
A lot of serious challenges await newly elected BCCI president Shashank Manohar in his second innings as the Indian board's boss.
After being dumped unceremoniously by the selectors, veteran all-rounder Rajat Bhatia on Thursday said that one "can't expect anything from an association like DDCA", which he feels has taken Delhi cricket to its nadir amid "perennial infighting".