Elliott was allowed by the New Zealand Cricket (NZC) to participate in the PSL after he was done offering his services to the Kiwis in the Chappell-Hadlee series against Australia from February 3-8.
The 36-year-old was one of the three players, including James Franklin and Jesse Ryder, who were named by the PSL organisers to be drafted in for the five-team tournament.
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NZC's head of cricket, Lindsay Crocker, said the Kiwi’s semi-final hero against South Africa in the 2015 World Cup was in the clear after the three ODIs.
"Grant has been approached through his agent to sound out his availability but he hasn't sought a release in order to be signed," said Crocker, as quoted by stuff.co.nz.
"Our priority of course [in February] is the Chappell-Hadlee series, then the test matches which Grant clearly won't be involved in.
"In theory he would be available beyond the Chappell-Hadlee part, and we'd be supportive of that. It sits nicely with our programme and gives him some good quality cricket should he be required for the World T20 [in India in March]."
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Meanwhile, Ryder will need a No Objection Certificate from the NZC to participate in the 24-match league which Crocker said was just a formality. Franklin, on the other hand, is a free agent and can join PSL on his own discretion.
The PSL was launched on Sunday night in Lahore and Chris Gayle, Kevin Pietersen and Dwayne Bravo were among big names confirmed by organisers for the player draft.
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