With the IPL 2027 retention deadline just three days away, franchises have already reshaped their squads through four confirmed trades involving 10 players across six teams. The headline move sends Mumbai Indians captain Hardik Pandya to Punjab Kings, with Arshdeep Singh heading the other way, while Rishabh Pant returns to Delhi Capitals as Kuldeep Yadav joins Lucknow Super Giants.
Chennai Super Kings and Sunrisers Hyderabad have also completed a four-player exchange.
With the mini-auction scheduled for December 16 in Goa, the focus now shifts to the final retention decisions, potential releases and the squad gaps each franchise must address now.
Full trade list updated
Rishabh Pant (Lucknow Super Giants to Delhi Capitals; Rs. 15 crore): After a disappointing couple of seasons at LSG, Pant will return to familiar territory at DC. The reunion, however, comes with a significant pay cut, with his salary dropping from Rs. 27 crore to Rs. 15 crore.
Kuldeep Yadav (DC to LSG; Rs. 13.25 crore): The left-arm wrist-spinner will move from Delhi to Lucknow, with his existing salary remaining unchanged.
T. Natarajan (DC to Sunrisers Hyderabad; Rs. 5 crore): Natarajan will return to his former franchise, SRH, after a brief stint at DC. Like Pant, the left-arm pacer takes a substantial pay cut, with his salary falling from Rs. 10.75 crore to Rs. 5 crore.
Zeeshan Ansari (SRH to DC; Rs. 40 lakh): The leg-spinner will join DC’s spin attack, with the franchise bringing him in following Kuldeep’s departure. His salary remains unchanged.
Liam Livingstone (SRH to Chennai Super Kings; Rs. 6 crore): Livingstone will join his fifth IPL franchise at CSK. The England all-rounder’s revised salary is less than half the Rs. 13 crore he was signed for by SRH.
Jack Edwards (SRH to CSK; Rs. 3 crore): An injury ruled the Australian all-rounder out of IPL 2026 before the tournament began. He will now get another opportunity to make his mark in the competition with CSK.
Khaleel Ahmed (CSK to SRH; Rs. 4.8 crore): After two seasons with Chennai, the left-arm pacer will move to Hyderabad, where he will bolster the pace attack alongside Pat Cummins.
Nathan Ellis (CSK to SRH; Rs. 2 crore): An injury kept the Australian out of IPL 2026. Having returned to action, Ellis will look to make an impact at SRH, which will expect him to strengthen its pace-bowling resources.
Hardik Pandya (Mumbai Indians to Punjab Kings; Rs. 18 crore): Pandya will join his third IPL franchise since making his debut in 2015. His move brings an end to his three-year stint as MI captain.
Arshdeep Singh (PBKS to MI; Rs. 18 crore): After eight seasons with Punjab Kings, Arshdeep will move to Mumbai Indians. The left-arm pacer established himself as a key member of PBKS’ bowling attack during his time with the franchise.
Published on Nov 14, 2026