The 2020 edition of the money-spinning league and the second half of the 2021 tournament took place in the United Arab Emirates as India battled the COVID-19 pandemic.
Last year's expanded 10-team event was held mostly in Mumbai and Pune.
The League is now estimated to be worth $16 billion.
Ahmedabad side Gujarat, one of the two expansion teams along with Lucknow, capped a fairytale debut season by defeating inaugural champions Rajasthan Royals in front of around 100,000 fans in the final at home.