PCB chairman Shaharyar Khan on Wednesday made it clear that the series will bring the curtains down on the veteran batsman's international career.
The Indian cricket team will take on the West Indies in a four-match one-day series in the Caribbean between June 26 to July 5.
Walcott, one of the three Ws in West Indies cricket with Frank Worrell and Everton Weeks, played 44 tests in his 12-year career from 1948.
It is believed that if Saini stays back, it will help bowling coach Bharath Arun to invest more time in the 26-year-old Karnal-lad
Keen to complete the controversially-abandoned 2014 tour of India, the West Indies Cricket Board (WICB) has said it would host the Indians in 2016 if its players' association agrees to a commitment on the series.
Former champions India and West Indies cricket teams arrived in Kolkata on Monday amid tight security ahead of their World Twenty20 warm-up fixtures later this week.
Former Indian cricketer Atul Wassan backed the ICC's decision to keep Bangladesh's T20 World Cup matches in India, hailing it as the 'right call'.
India made two changes in the line-up, Harbhajan Singh and S Sreesanth coming in place of VRV Singh and Irfan Pathan.
"They wanted to play a Twenty20 match on Nov. 17 before coming to Pakistan and asked us to reschedule the dates," a PCB official said.
Gautam Gambhir got the ultimate birthday gift as India completed a commanding 2-0 series sweep over the West Indies at the Arun Jaitley Stadium on Monday.
In a bit of relief for West Indies cricket, IPL chairman Ranjib Biswal has said its players will be allowed to compete in the cash-rich league, putting to rest speculations of them being ignored from the event after the team's abrupt cancellation of India tour.
West Indies batsman Marlon Samuels has been banned from bowling for 12 months by the International Cricket Council after undergoing testing on his action.
England captain Michael Vaughan says his team will need to raise the bar to beat Rahul Dravid's men in the three-Test series.
Sri Lanka took three wickets in the last three overs to snatch a thrilling one-run victory over West Indies in the triangular one-day series on Wednesday. Niroshan Dickwella and Kusal Mendis both scored 94 runs as Sri Lanka posted 330 for seven from their 50 overs but for the second game running, West Indies worked themselves into a winning position before falling agonisingly short of their target as they finished on 329 for nine.
The Australians dismissed the West Indies for 334 on the final ball of the fourth day to leave themselves a full day to clinch an unbeatable 2-0 lead in the three-game series.
West Indies pacer Jerome Taylor feels that the loss to India in their World Twenty20 warm-up fixture, in Kolkata, has given his team a reality check.
West Indies women took a step closer towards a semi-final berth after comfortably beating Bangladesh by 49 runs to register their second win in the ICC World T20 cricket tournament, in Chennai, on Sunday.
Sri Lanka need to win their final two games, and hope for favourable outcomes in England and Pakistan's next fixtures.
Pakistan wrapped up their tour of the West Indies with an 11-run win in the second Twenty20 international in St Vincent on Sunday to complete a One-day double over the world T20 champions.
Following are the statistical highlights of the Champions Trophy match between Pakistan and the West Indies played in Johannesburg.
Batting first, West Indies scored 229 in 49.2 overs after being reduced to 104 for 6 at one stage.
Batting great Viv Richards has slammed 'arrogant' Caribbean administrators for thinking they are as important as players and has laid the blame for the decline of West Indies cricket firmly at their door.
Twenty20 world champions West Indies enjoyed a second easy win over Zimbabwe with a 41-run victory in Antigua on Sunday.
India are 1-0 up in the two-match series, having beaten WI by an innings and 140 runs in the first Test at Ahmedabad's Narendra Modi Stadium.
'The No. 3 spot can't become a game of musical chairs.'
Ramnaresh Sarwan's unbeaten 120 fired West Indies to a seven-wicket victory in their second One-day International against Zimbabwe on Sunday, ensuring the Caribbeans sealed the three-match series 2-0.
West Indies tour of South Africa hit a new low on Wednesday when they were bundled out for 122 in under 34 overs to lose the third one-day international by nine wickets at Buffalo Park.
Skipper Shai Hope led from the front with an unbeaten innings of 120 to help the West Indies post 294/6 and pacer Jayden Seales collected six wickets in reply as Pakistan were bundled out for just 92 to ensure the home side registered a 2-1 series triumph.
The venues for matches will be announced in April.
Star all-rounder Shane Watson and pacer Doug Bollinger on Wednesday returned to Australia's 13-member squad after a brief break for the first two One-Day Internationals of a five-match series against the West Indies starting on February 7.
India take on the West Indies in the first of the two-match Test series at Eden Gardens in Kolkata on Wednesday. Rajneesh Gupta presents the statistics in Test matches involving the two teams.
South Africa pace bowler Dale Steyn has been passed fit for Friday's winner-takes-all Champions Trophy Group B clash against West Indies in Cardiff.
Images from the ICC Champions Trophy match between India and West Indies in London, on Tuesday.
Regarded as the most dangerous batsman Chris Gayle said while he wished a great farewell for legendary batsman Sachin Tendulkar, his side will be out there to 'spoil the fun' when they take on India in the Two-Test series.
West Indies all-rounder Andre Russell will face a preliminary hearing before an independent anti-doping disciplinary panel next week over a whereabouts rule violation, his lawyer Patrick Foster said.
Marlon Samuels struck 85 off 43 balls as world champions West Indies beat Bangladesh by 18 runs in the only Twenty20 international.
Bangladesh has reportedly contacted the PCB seeking diplomatic help as they look to pile on pressure on the ICC to shift their T20 World Cup matches to Sri Lanka.
New Zealand spinner Daniel Vettori will miss the second Test against West Indies starting on Thursday in Kingston with a groin strain, the country's cricket board said on Wednesday.
Afghanistan have come very close to a maiden win at this World Cup but skipper Gulbadin Naib has told the batsmen it is their responsibility if the team is to break that duck.
England's Jos Buttler expresses frustration with his T20 World Cup form but remains committed to aggressive batting. Despite achieving milestones, he seeks to convert starts into significant contributions.