IPL

IPL 2027 Trades List: Hardik Pandya to PBKS, Arshdeep to MI and Every Confirmed Swap So Far

Hardik Pandya has moved from Mumbai Indians to Punjab Kings and Arshdeep Singh has gone the other way in the biggest trade of the IPL 2027 window. Here is the full list of confirmed trades, fees, the November 17 retention deadline and the December 16 auction.

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India all-rounder Hardik Pandya, traded from Mumbai Indians to Punjab Kings for IPL 2027
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The IPL 2027 trades window has produced its biggest deal yet. Mumbai Indians (MI) and Punjab Kings (PBKS) have completed a straight swap of two of India's top white-ball players: Hardik Pandya moves to Punjab, and Arshdeep Singh heads to Mumbai. The IPL confirmed the deal on 11 November.

The Hardik–Arshdeep swap in numbers

  • Hardik Pandya: MI to PBKS, new fee Rs 18 crore (up from Rs 16.35 crore)
  • Arshdeep Singh: PBKS to MI, at his existing fee of Rs 18 crore

PBKS will be Hardik's third IPL team. He debuted for MI in 2015, won four titles with them (2015, 2017, 2019, 2020), then led Gujarat Titans to the title in 2022 and another final in 2023 before returning to MI as captain in 2024. Under him, MI finished last in 2024, made the playoffs in 2025 and finished ninth in 2026. In all, MI won 15 and lost 24 of the 39 matches he captained.

Hardik quickly ended any talk of a leadership tussle in Punjab. Posting in PBKS colours on Instagram, he wrote: "Sat Sri Akal. My captain, Shreyas... I am standing behind you." Shreyas Iyer remains PBKS captain.

What MI get in Arshdeep

Arshdeep Singh leaves PBKS after eight seasons and 96 matches. His 111 wickets are the most by any bowler for the franchise. He is also India's leading wicket-taker in T20Is, with 151 wickets in 104 matches, and now forms a new-ball pairing with Jasprit Bumrah at the Wankhede.

"Arshdeep's arrival adds an exciting dimension to our bowling attack," MI co-owner Akash Ambani said. MI also need a new captain after Hardik's exit; they have already rebuilt their support staff, with Kieron Pollard as head coach (see our story on MI's new coaching staff), and earlier reports had linked Rohit Sharma with a return to the captaincy.

Full list of confirmed IPL 2027 trades so far

Player From To Fee
Hardik Pandya MI PBKS Rs 18 crore
Arshdeep Singh PBKS MI Rs 18 crore
Rishabh Pant LSG DC Rs 15 crore
Kuldeep Yadav DC LSG Rs 13.5 crore
T Natarajan DC SRH Rs 5 crore
Zeeshan Ansari SRH DC Rs 40 lakh
Liam Livingstone SRH CSK Rs 6 crore
Jack Edwards SRH CSK Rs 3 crore
Khaleel Ahmed CSK SRH Rs 4.8 crore
Nathan Ellis CSK SRH Rs 2 crore

That makes ten players across four completed trades: Hardik–Arshdeep, the Rishabh Pant–Kuldeep Yadav swap between Delhi Capitals and Lucknow Super Giants, the Natarajan–Ansari deal between DC and SRH, and a four-player exchange between CSK and SRH.

Key dates: retention deadline and auction

  • Retention deadline: Franchises must submit retained and released players by 17 November 2026.
  • Mini-auction: 16 December 2026 in Goa.

More deals could land before the deadline, with Rajasthan Royals and Lucknow Super Giants reportedly in talks. We will update this list as trades are confirmed.

Sources: IPL press statement via ESPNcricinfo, Sportstar, The Times of India.

Cover image: Hardik Pandya in January 2020 / Bollywood Hungama, Wikimedia Commons, CC BY 3.0

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