''I am not in the right frame of mind to answer that question right now,'' Gayle said.
''I still have to speak to some people. The world will get an answer soon. At the moment, everybody is just speculating.
But I will probably make my announcement after the series against Sri Lanka,'' he added.
Gayle's comments came after the ICC, in its board meeting in Dubai earlier this week, decided that playing for the the country will always be a priority for players over IPL and the Board of Control for Cricket in India (BCCI) too had agreed to it.
The opener has been roped in by the bollywood star Shah Rukh Khan's Kolkata Knight Riders for a whopping 800,000 dollars.
The IPL 's final match is scheduled to be played in Mumbai on June 1, two days after the second Test in Antigua is due to start.
''It is all there on the table,'' Gayle said.
''I have some people to speak to, and I will not comment until then,'' he added.
Gayle is not the only player who is unsure of his availability against Australia, but along with him Ramnaresh Sarwan and Shivnarine Chanderpaul have also expressed their willingness to play in the lucrative Twenty20 tournament.
The West Indies Cricket Board (WICB) had earlier said that it was ready to release three of it's most experienced players if they wish to skip the opening two Tests against the world champions.
However, WICB chief executive Donald Peters, in a statement issued yesterday, had expressed confidence that the trio would be available for all the three Tests.
''Our best players have a responsibility to value their commitment to West Indies cricket and the West Indian public ahead of any relationship they have with the IPL,'' Peters said.
''We fully expect them to be ready to play against Australia in all Test and ODI matches.'' Gayle, Chanderpaul and Sarwan have represented West Indies in 244 Tests and their absence will be a severe blow to the home side who would find it tough to pose any challenge to the mighty Australians.