The Rajasthan Royals [ Images ] skipper, who lead his team to a title win in the inaugural edition two years ago, had a three-year contract with his twenty20 franchise which expired after the last edition.
Although a fresh auction will be held in September for IPL-IV, the Australian legend is not in favour of IPL franchisees retaining any player for the next season.
Warne, who is currently in England [ Images ], said he is looking forward to play the slam-bang cricket in India for one more year.
"It's great here in England love coming over for the so-called summer!!! Hahah PS: yes will play 1 more year I'm looking forward to IPL 4!," he wrote on his Twitter page.
Warne has been uncertain about featuring in the IPL and had earlier describes his chance of playing in next year's event as fifty-fifty.