The Royals, along with the Chennai Super Kings, were banned for two IPL seasons over an illegal gambling scandal.
Earlier, Rajasthan Royals' Indian cricketers were part of a three-day camp organised at the Cricket Club of India (CCI)'s Brabourne stadium in Mumbai from Tuesday.
Australian captain Steve Smith was on Saturday handed over the captaincy of Rajasthan Royals for the upcoming edition of the Indian Premier League, in Mumbai.
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Ajinkya Rahane and Ben Stokes were also considered for the post but Smith got the nod.
With many world class players in the squad, the choice of the leader was tough but the aim of Rajasthan Royals is to build a strong leadership team with the likes of Ajinkya, Steve, Ben Stokes etc who can then create a team that believes in the ability to play their respective roles and continue to strive towards a common goal. In what was a successful season for him, Smith had amassed 472 runs in 15 matches in the last IPL season. "I am looking forward to exciting cricket and a successful campaign", said Warne.
Shane Warne, who was recently appointed as the mentor of the franchise, was effusive in praise for Smith.
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Rajasthan Royals, are making a comeback in the league after having faced a two-year ban in the famous IPL fixing scandal, and would be looking to aim a flawless captain to flag-bear the team. "I've watched him bat through the years, watched him captain the national side". Smith has been incredible as captain of Australia.
Smith, on his part, said he is looking forward to work with his legendary countryman. "I am happy by the way he led the side", Warne said.
However, in a novel concept in the history of the tournament, Rajasthan Royals and Kolkata Knight Riders will announce new captains live on TV for the first time. "Jos Buttler too has capabilities to lead a team".
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Rajasthan will play their first fixture of the 2018 season against Sunrisers Hyderabad in Hyderabad on April 9.