Key words Two-point correlation tensor, Lagrangian, von Kármán-Howarth equation, initial-boundary value problem, solvability, asymptotic behavior.Considering the metric tensor ds 2 (t), associated with the two-point velocity correlation tensor field (parametrized by the time variable t) in the space K 3 of correlation vectors, at the first part of the paper we construct the Lagrangian system (M t , ds 2 (t)) in the extended space K 3 × R+ for homogeneous isotropic turbulence. This allows to introduce into the consideration common concept and technics of Lagrangian mechanics for the application in turbulence. Dynamics in time of (M t , ds 2 (t)) (a singled out fluid volume equipped with a family of pseudo-Riemannian metrics) is described in the frame of the geometry generated by the 1-parameter family of metrics ds 2 (t) whose components are the correlation functions that evolve according to the von Kármán-Howarth equation. This is the first step one needs to get in a future analysis the physical realization of the evolution of this volume. It means that we have to construct isometric embedding of the manifold M t equipped with metric ds 2 (t) into R 3 with the Euclidean metric. In order to specify the correlation functions, at the second part of this paper we study in details an initial-boundary value problem to the closure model [19,26] for the von Kármán-Howarth equation in the case of large Reynolds numbers limit.