"The ACC wants the match to be held in India and in Calcutta in mid-February," Asian Cricket Council (ACC) president Jagmohan Dalmiya told reporters.
Indian board officials will meet to take a formal decision.
Monday's first game in Australia at the Melbourne Cricket Ground helped to raise over $11 million.
Dalmiya
said the ACC was working to match the efforts put in by Australia. It has approached the Indian government to accord the required tax relief to stage the game.
"The government is very receptive, we're hopeful of sorting it out in the next few days."
Thousands of people in south and east Asia were killed in the giant waves triggered by an undersea earthquake off the Indonesian island of Sumatra on December 26.