IPL chief executive Sundar Raman tweeted the news after a workshop in Jodhpur during which the decision was reportedly conveyed to all nine franchise representatives.
"Pepsi IPL auction on 3rd Feb," Raman tweeted.
The auction is likely to see 37 players going under the hammer.
Though the venue for the auction is yet to be finalised, the representatives were told it would be held "in a metro".
The IPL's governing council decided to postpone the auction date to ensure that it does not clash with India's One-day series against England, scheduled to be held from January 11-27.
Besides briefing the representatives about the auction date and schedule, the workshop had the IPL organisers making various presentations related to player regulations, sponsors' obligations, etc..
