Taylor, one of the hottest commodities in Twenty20 cricket, has been confirmed as the tournament's third international franchise player, organisers announced Thursday, reports CMC.
The former New Zealand captain has played in the Indian Premier League (IPL) since its inception in 2008, with spells at Royal Challengers Bangalore, Rajasthan Royals, Delhi Daredevils and, for this year, the Pune Warriors.
"I am very excited about playing in the first ever edition of the Caribbean Premier League," declared Taylor, who can lay claim to the fastest Test hundred in his country's history, reaching three figures against Australia in Hamilton from only 81 balls in 2010.
"As current World Champions, the West Indies have been a force in T20 cricket over the past couple of years, and CPL should help uncover new international superstars in the mould of Kieron Pollard and Sunil Narine."
Taylor, part of the side that reached successive ICC Cricket World Cups semifinals in 2007 and 2011, as well as the final of the ICC Champions Trophy in 2009, has a career strike-rate of 142.79 in the shortest form of the game.
"The Caribbean is one of my favourite places to play cricket," said Taylor.
"With the passionate crowds, the great atmosphere and the athletic style of play, I'm looking forward to being a part of this exciting competition."
Taylor joins a list of world-class players who have already been confirmed for this year's inaugural CPL.
Already contracted are Australia legends Ricky Ponting and Adam Gilchrist, alongside the six confirmed West Indies franchise players: Darren Sammy, Dwayne Bravo, Chris Gayle, Sunil Narine, Kieron Pollard and Marlon Samuels.