The ECB and BCCI have reportedly reached 'an agreement in principle' to play the cancelled fifth Test between England and India next summer.
The Test, which was due to be played last month, was cancelled at the last minute due to fears over a coronavirus outbreak within the India camp.
The cancellation had a major financial impact on Lancashire, who were hosting the game at Old Trafford.
The 22,000 capacity ground was sold out for the first three days of the Test and Lancashire had also sold around 20,000 tickets for day four, with the cancellation meaning they have had to refund all ticket holders.
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Speaking on the day the Test was scrapped, Lancashire's chief executive Daniel Gidney revealed that the club were facing "multi-millions of pounds" worth of losses.
He said: "These are unprecedented circumstances. We're in mitigation mode at this point. We will need to work through this with the ECB.
"How big are our losses? We're talking about significant sums here. We're talking over seven figures. It's multi-millions of pounds. It's very challenging. We will need to work with the ECB and others to support us through this.
"We have a lot of people who have committed to five days' work with us. We have to work through that. We had built up reserves, but the first six months' of the pandemic effectively ate through all that.
"So we're back to scratch, really. But we're a resilient club: we've been through two world wars and a pandemic. We'll work our way through this."
Despite reaching an agreement to reschedule the Test for next summer, the Daily Mail are reporting that 'scheduling issues' mean the game will not be played at Old Trafford.
The report claims that the Test is expected to take place during England's white ball series against South Africa.
In July, South Africa are due to play an ODI and T20I series against England and Old Trafford is set to stage one of the ODIs on July 24.
The ground is also expected to host several gigs in the summer, meaning they were 'unable to commit to putting on the Test in the narrow window available'.
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