In the past, tennis legends like Boris Becker, Stanislas Wawrinka, Carlos Moya, Marin Cilic and Rafael Nadal have competed in the tournament which has been renamed as Maharashtra Open.
O'Shannessy will join Andre Agassi and recently-retired Radek Stepanek of the Czech Republic in Djokovic's new-look coaching team.
The former world number one is planning to come out of retirement and "give it a real crack" with compatriot Sam Groth in the men's doubles event of the first major of the 2018 season.
The Swiss maestro, who chose to sit out the second half of 2016 in order to recover fully from his knee surgery as well as a back problem, made a stunning return in 2017 to rise No. 2 spot in the ATP Rankings.
In September, Serena had revealed that she had set an 'outrageous' goal for making a comeback at the Australian Open.
Tournament director Craig Tiley is optimistic that she would return for a crack at her seventh Melbourne Park crown.
Nadal, who withdrew from the last tourney of the season, the ATP Tour Finals, due to an injury to his right knee, said that he will resume training and intends "to do what's right to be ready" for the start of the new season.
Wawrinka is also looking for a new coach to work alongside Yannick Fattebert after Magnus Norman decided to retire in October.
The Swiss maestro on Saturday was shocked by Belgium's David Goffin when he came back into the match to turn it in his favour and win 2-6, 6-3, 6-4 at the O2 Arena in London.
Murray hasn't played on the pro circuit since the Wimbledon quarterfinals, where he limped out with a hip injury.
Earlier, Djokovic was expected to make a return in 2018, but the former world number one has decided to start his season early at the Mubadala World Tennis Championship, beginning in Abu Dhabi on December 28.
Groth, an Olympian and Davis Cup mainstay, will call curtains to his 13-year-long career after the Australian Open, which is to be held from January 15 to January 28 next year.
The former world number admitted that she has set her sights on title defence in Melbourne next year in January.
The Swiss great has had a sparkling 2017, having emerged victorious in five tournaments including his fifth Australian Open title in January and a record eighth-Wimbledon title this month.
"Gopi Sir is my inspiration and it is because of him I took the sport," says the 24-year old.
After winning the Indonesia Open Super Series and the Australian Open Super Series titles - Indian shuttler K Srikanth is all set to regain his place in the World top 10.
Indian shuttler Kidambi Srikanth on Sunday defeated reigning Olympic and world champion, Chen Long, to lift the Australian Open title - his second consecutive Super Series win.
The 24-year-old Indian defeated Olympic champion Chen Long of China in straight sets by 22-20, 21-16 to win his fourth Super Series title in Sydney.
Mixed day for Indian shuttlers as defending champion Saina Nehwal, P.V. Sindhu, Kidambi Srikanth and B. Sai Praneeth advanced to the next round while Parupalli Kashyap, Ajay Jayaram and H.S. Prannoy bowed out from Australian Superseries tournament.
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