READ: CPL 2021: India's U-19 WC Winner Smit Patel To Play In Caribbean Premier League
The CPL was originally scheduled to start on August 28 and conclude on September 19.
The likes of big-hitting Chris Gayle, spinner Sunil Narine and all-rounder DJ Bravo among others are part of different IPL franchisees.
The development would please the BCCI, especially when participation of the Australian players in the IPL is under doubt.
"Both IPL and CPL are important to CWI, to our cricketers and to fans," Ricky Skerritt, the Cricket West Indies president said.
"CWI's role was to facilitate arrangements for a non-overlapping and smooth transition from one tournament to the next. Cricket administrators must collaborate if cricket is to survive the risks and costs of COVID-19."
Skerritt said they would also soon finalise the guidelines for the franchises to be part of the bio-secure bubble.
"Any bubble-related decisions are made by the local St Kitts health authorities and CPL medical advisors (same as CWI), in the context of the local Covid-19 situation," he said.
"Just four weeks ago, St Kitts recorded community spread for the first time. For over a year, all cases were imported, identified, quarantined, and recovered. The first local Covid-19 (related) death happened just two days ago," he said.
It may be noted that the owners of two the Kolkata Knight Riders and the Punjab Kings also own teams in the CPL - the Trinbago Knight Riders and the St Lucia Zouks respectively.