Marcus Stoinis and Ravi Bishnoi are likely to join Rahul in the new franchise.
Stokes was a part of Rajasthan Royals squad during the 2021 edition and during the postponed first leg, he fractured his finger and was ruled out of the tournament.
A Tata Group spokesperson confirmed the development but declined to share details, while a Vivo spokesperson was not immediately available to comment.
Morris said that he would be taking up a coaching role with South African franchise Titans.
There are also reports coming in that former Indian seamer Ashish Nehra is likely to come on board as the head coach of the Ahmedabad franchise.
It could well be the last mega auction that the BCCI might conduct as most of the original IPL franchises want it to be discontinued.
K L Rahul, who was Punjab's skipper for the last two seasons, is also expected to move to the Sanjiv Goenka-owned franchise.
The 27-year-old wicketkeeper-batter is currently in Rajkot leading Kerala in the Vijay Hazare Trophy.
Dhoni, captain of Chennai Super Kings IPL franchise, had submitted the defendants had been carrying highly defamatory, scandalous and libelous false reports and statements since February 11, 2014.
Royals' director of cricket termed young batter Jaiswal an absolute star in the making.