According to the report, Lancashire issued a statement saying they had been looking for a partner, preferably from the IPL, and now that the deal has been secured they foresee an "exciting future" for the side.
Second-placed City would have reduced Arsenal's advantage to two points but instead were frustrated as their winning streak in all competitions was halted at eight.
Images from the EPL matches played on Saturday.
Arsenal re-established their five-point lead at the top of the Premier League with a 2-0 home win against Brentford on Wednesday and for the second evening running the goals flowed as Aston Villa won 4-3 in a thriller at Brighton and Hove Albion.
A round-up of Thursday's Europa League Round of 16 second leg matches.
Images from the Europa League semi-finals first Leg between Athletic Bilbao and Manchester United, Tottenham Hotspur and Bodo/Glimt.
IMAGES from the Premier League matches played on Sunday.
Rishabh Pant was ruled out for nearly three months after he fractured his foot during the fourth Test against England in Manchester in July.
IMAGES from Premier League matches played on Saturday
Champions Manchester City struggled in this campaign and sit sixth in the table after winning only two of their last 10 league matches.
Graham Potter is in talks to replace Lopetegui, according to British media reports, and the former Chelsea and Brighton & Hove Albion manager is expected to take charge of West Ham for their FA Cup third-round game at Aston Villa on Friday.
Premier League leaders Arsenal needed two own goals, the second deep in stoppage time, to scrape a 2-1 home win over bottom club Wolverhampton Wanderers and open a five-point gap, while earlier on Saturday Mohamed Salah put aside a tumultuous week to help Liverpool beat Brighton and Hove Albion 2-0.
West Ham beat Premier League strugglers Leicester City 2-0 at the London Stadium on Thursday thanks to an early strike from Tomas Soucek on his 30th birthday and an own goal just before halftime.
A summary of Thursday's Europa League quarter-finals second-leg.
'Never knew golf could be this much fun.'
Ruud van Nistelrooy will take over on an interim basis.
Images from Saturday's action in the Premier League.
A round-up of Saturday's fifth round action in the FA Cup
A round-up of Wednesday's action in the Premier League
'But I would say given the importance of this series and given the conditions we think we are going to face, he (Nitish Kumar Reddy) might miss out in this Test this week.'
Chelsea recovered to beat West Ham United 2-1 to jump to fourth place in the English Premier League on Monday.
United are 13th in the Premier League table and following a 1-1 draw with Dutch side Twente Enschede in the first Europa League match, Ten Hag said speculation about his job was inevitable.
The Proteas arrive high on confidence, having fought out a hard-earned 1-1 draw in Pakistan last month under challenging conditions.
He is also expected to sit out the home Test series against the West Indies in October.
I was looking forward to a lot more, says Sai Sudharsan after missing ton against West Indies
With this knock, Warner's T20 career tally now stands at 13,545 runs in 419 matches, averaging 36.80 at a strike rate of 140-plus. His record includes eight centuries, 113 fifties, and a highest of 135 not out.
The 21-year-old Alejandro Garnacho's sale value is the fourth largest for a United player after Cristiano Ronaldo, Romelu Lukaku and Angel di Maria.
Pant picked up the injury on the opening day of the Old Trafford Test when he attempted a reverse sweeps against Chris Woakes. Despite the injury, the following day he returned to bat and scored a fighting half-century.
The 27-year-old suffered a fractured metatarsal during the Manchester Test in July, an injury that has sidelined him for months and ruled him out of the West Indies series and the upcoming white-ball tour of Australia.
Despite a bizarre team bus accident requiring stitches for a lip cut, Erling Haaland came up with a stunning performance, smashing five goals in Norway's 11-1 rout of Moldova.
Shubman Gill etched his name in the record books after becoming only the third captain in the history of Test cricket to score four centuries in a series.
Rishabh Pant is closing in on a return to competitive cricket, with a BCCI fitness clearance expected by October 10, nearly two months after a foot injury sidelined him during India's England tour.
'There is always a plan. Whenever you can give him a break, you will.'
Former India wicketkeeper Dinesh Karthik praised India's Test captain Shubman Gill after he scored a record-equalling fourth hundred in the fourth Test against England.
'India is giving selective traffic rights wherever it makes sense to allocate those traffic rights.'
Ben Stokes becomes 3rd all rounder to have 7,000 runs, 200 wickets in Test cricket
Arsenal marked Mikel Arteta's 300th game in charge with a convincing 2-0 home victory over West Ham United in the Premier League on Saturday.
Ravindra Jadeja became only the third cricketer in the history of Tests, to score 1,000 runs and pick up 30 wickets in an away country.
Showing an insatiable hunger to learn and succeed, Shubman Gill turned to senior players and former greats for insights, embodying the ethos of a student of the game.
Manchester United played out a 2-2 draw against Everton in a pre-season match on Sunday.
