John Inverarity may stand down as the head of Australia's selection panel and be replaced by Rod Marsh under a possible revamp of the group. Cricket Australia's directors are believed to be considering changes to the structure of the selection panel at their board meeting in Melbourne on Thursday and Friday, and Mark Waugh looms as a possible addition to the group.

Inverarity's contract expires at the end of June and it has been reported that he is likely to relinquish the full-time role as national selector, although he could remain on the panel in a part-time capacity. Inverarity was named to the position in October 2011, following the Argus review's recommendations regarding the restructuring of the panel, and he has overseen the return of the team to No.1 in the Test and ODI formats.

Marsh joined the panel in November 2011 and is believed to be the likely man to take charge if the changes are ratified by the CA board. The immediate future of Andy Bichel, another member of the panel, is unclear, but it is believed that he might make way for the inclusion of Waugh, or even the former chairman of selectors Trevor Hohns.

The coach Darren Lehmann will remain on the panel, which has been a four-man group since captain Michael Clarke stepped down from his selection responsibilities in the lead-up to the 2013 Ashes series in England. Cricket Australia has declined to comment on reports of changes to the selection panel, but it is expected that an announcement will be made following the board meeting.

Last month, Waugh confirmed that he had been approached by Cricket Australia to consider a position on the selection panel, which he might perform along with his role as a Big Bash commentator for Channel 10. News Ltd has also reported that Hohns, who was chairman of selectors until 2005 and now heads Queensland's selection panel, is also in the mix.