Players' auction for the next edition of the Indian Premier League could reportedly be held in Kolkata for the first time on December 19. 

Kolkata is home to franchise Kolkata Knight Riders, co-owned by Bollywood star Shah Rukh Khan. Previously, the auctions have mostly taken place in Bangalore. 

As per a report in ESPNcricinfo, all eight franchises were informed on Monday (September 30) that the trading window for players will close on November 14. 

Each franchise will be allocated Rs 85 crore to bid for the 2020 season, three more than the amount they spent to buy players for the last edition. 

All eight sides will have an additional amount in their purse to balance the kitties from the last auction.

Delhi Capitals have the biggest balance – Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore.

This year's auction is the last for the ongoing cycle. Every franchise will have to reassemble a fresh squad for 2021 season at a mega auction.

Funds left with franchises ahead of IPL 2020 auction:

Chennai Super Kings – Rs 3.2 crore, Delhi Capitals – Rs 8.2 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore.