The squad for the Champions Trophy has not yet been selected with BCCI already skipping the ICC deadline of April 25 but Rai didn't want to read too much into it.
"There is no such thing as a deadline. The Champions Trophy will start on June 1. The deadlines are fixed so that there is some kind of system in place," Rai told reporters on the sidelines of a book launch.
"It is a part of the game. Let it unfold slowly, let's see how it progresses, what happens," he added.
Rai refused to answer whether COA will overrule SGM decision if they decide to pull-out of Champions Trophy.
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He also dead-batted the question if BCCI will announce the squad before May 7.
"They (BCCI officials) have just come back from Dubai and the players are still playing in the IPL. So we will sit with them (BCCI officials) and discuss with them what road map needs
to be followed and how we go about it."
Asked if COA and eligible BCCI officials are on the same page on this matter, he quipped:"We are 100 percent on the same page. As you know, they had an SGM before they went to the ICC meeting. The next day, I invited them to talk to us and we discussed in detail what they had decided, what we had negotiated. After all they are the office bearers, they need to represent BCCI, so they represented BCCI in the ICC."
"The ICC had not listed to their viewpoint. We will discuss again and we will come to a solution. That solution will be to your satisfaction. Some things didn't work out the way we wanted it to be but there is always an avenue open. So there is nothing to worry about."
Rai insisted that the negotiation doors are still open and nothing is lost.
"Don't worry, we will not let anyone down. Nothing to worry about, nothing is lost and it is not a closed chapter," he assured.