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The wicketkeeper batter had a base price of Rs 30 lakh and saw bids from KKR and Mumbai Indians.
The auction in Jeddah features 577 players with a total purse of Rs 641.5 cr.
Mumbai-born pacer Netravalkar was one of the USA's breakout stars with seven wickets.
The BCCI said the plan was to assist the franchises in planning for the next player auction.
The mega auction will be held in Jeddah on November 24 and 25.
The likely dates are November 24 and 25.
Royals won the title in the tournament's inaugural edition in 2008 and Dravid said it's time the franchise won it again.
Sai Sudharsan, Rahul Tewatia and Shahrukh Khan are also likely to be retained.
Zaheer is also in the list for two other franchises.
Wadia and SRK had a heated debate on the issue of whether to have a mega auction or not.
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