The show will be aired on Sony Max with the onset of Indian Premier League 2016 on April 9.
Excited about the opportunity, Pallavi said in a statement: "I love cricket and growing up in Australia it was a huge part of how I identified with Indian culture. I'm very excited to be part of 'Extraaa Innings'. It's a great show, which is both entertaining and informative."
"I'm obviously a little nervous, but hopefully the buzz on the ground of my first match will take the jitters away."
Rochelle, who anchored the show earlier in 2013, shared that cricket has always had a special place in her heart and that she loved her last stint on the show immensely.
"It feels wonderful to be back on 'Extraaa Innings' this year. Since 'Extraaa Innings' 2013, a lot has happened as far as work is concerned, be it travel and lifestyle or other sports shows. I have been very busy."
"Moving on from that to the biggest live show on television and the sport I love best is exactly what I could have hoped for. I have matured as an entertainer and I'm looking to bring that added dimension to the show this time around," Rochelle added.