After resisting the IPL for four seasons to focus on national duty, Clarke is finally in talks with the Pune franchise but refused to divulge the details of the ongoing negotiations.
"That opportunity has been presented to my management company and I. Right now they're discussing it," Clarke was quoted as saying by 'The Australian Associated Press'.
"We will continue to talk about that and make a decision in due course. But my focus right now is to make sure I get back and play some good cricket for Australia."
The in-form batsman, who is struggling with back problems, did not give his name for players' auction even this year but Pune approached him after getting the BCCI's nod for it.
Clarke retired from Twenty20 internationals in January last year.
He left for Australia's tour of the West yesterday after recovering from injury and might not be available for most of the IPL even if the deal works out because of national duty.
The IPL's fifth season starts on April 5, while the Test series in the Caribbean ends on April 27.
"It's been a busy couple of weeks of rehab and treatment with my physio," Clarke said about his fitness.
"I had a fitness test Friday and I passed all of that. I've still got seven days until our tour game starts. There was some running - general straight-line running and some running between wickets and sideways movement to check I'll be fine fielding."