Four major trade deals have been struck ahead of the IPL 2027 mini auction. From the Hardik-Arshdeep swap to Pant's return to Delhi, find out the new squads and prices of all 10 players.

IPL 2027 Trade: Ahead of the IPL 2027 mini auction, franchises have begun revamping their teams. This time, several major player exchanges took place in the trade window. The most talked-about deal was the one between Mumbai Indians and Punjab Kings, in which Indian all-rounder Hardik Pandya and fast bowler Arshdeep Singh swapped teams. Hardik will now play for Punjab Kings, while Arshdeep will be seen in the Mumbai Indians jersey.

Earlier, the news of Rishabh Pant's return to Delhi Capitals and Kuldeep Yadav's move to Lucknow Super Giants also made headlines. Meanwhile, four players have been exchanged between Chennai Super Kings and Sunrisers Hyderabad. T Natarajan has also left Delhi Capitals and returned to his former team Hyderabad. So far, 10 players have changed their franchises in four major trade deals. Let's find out the full story of all the deals made before IPL 2027 and how much each player will receive.

Hardik Pandya and Arshdeep Singh were swapped.

The biggest trade deal ahead of IPL 2027 has been struck between the Mumbai Indians and Punjab Kings. Mumbai Indians captain Hardik Pandya will now play for the Punjab Kings, while Punjab's premier fast bowler Arshdeep Singh has joined the Mumbai Indians.

Hardik Pandya also benefited financially from this trade . He used to earn ₹16.35 crore (16.35 crore) at Mumbai Indians, but his fee at Punjab Kings has increased to ₹18 crore (18 crore). This means his salary has increased by ₹1.65 crore (16.5 million). Meanwhile, Arshdeep Singh has joined Mumbai Indians at his previous price of ₹18 crore (18 crore).

Rishabh Pant's salary cut by Rs 12 crore

Rishabh Pant and Kuldeep Yadav (Photo: Social Media)

Rishabh Pant's return home ahead of IPL 2027 is also being widely discussed. The Lucknow Super Giants have traded him to the Delhi Capitals. Pant will once again play for the franchise where he made his IPL debut.

Pant was acquired by the Lucknow Super Giants for a whopping ₹27 crore (approximately $2.7 billion) in the IPL 2025 mega auction, making him the most expensive player in IPL history. However, his stint with Lucknow didn't go as well as expected. Now, with his return to Delhi Capitals, his price has dropped to ₹15 crore (approximately $1.5 billion). This means Pant will receive ₹12 crore (approximately $1.25 billion) less than before. Meanwhile, Kuldeep Yadav has joined Lucknow for ₹13.25 crore (approximately $1.25 billion).

T Natarajan returns to Sunrisers Hyderabad

There has also been a player exchange between Delhi Capitals and Sunrisers Hyderabad. Fast bowler T Natarajan has left Delhi Capitals and returned to Sunrisers Hyderabad. Natarajan has previously played for Hyderabad and has been a part of the team's bowling attack.

Delhi Capitals acquired Natarajan for ₹10.75 crore (107.5 million rupees). However, injury problems prevented him from performing to his full potential last season. Hyderabad has now added him to their team for ₹5 crore (57.5 million rupees), reducing his fee by ₹5.75 crore (57.5 million rupees). Meanwhile, Sunrisers Hyderabad leg-spinner Zeeshan Ansari has joined Delhi Capitals for ₹40 lakh (40 lakh rupees).

Four player exchanges between Chennai Super Kings and Hyderabad

The trade deal between Chennai Super Kings and Sunrisers Hyderabad involved the largest number of players. Both franchises exchanged two players each. England all-rounder Liam Livingstone and Australian Jack Edwards will now play for Chennai Super Kings. Meanwhile, Khalil Ahmed and Nathan Ellis have joined Sunrisers Hyderabad.

Liam Livingstone was bought by Hyderabad for ₹13 crore (130 million rupees) in the last auction. However, he didn't get many opportunities due to the team's foreign player combination, and he played only two matches last season. Chennai Super Kings have now added him to their team for ₹6 crore (60 million rupees), a reduction of ₹7 crore (70 million rupees). Jack Edwards, on the other hand, will join Chennai at his previous price of ₹3 crore (30 million rupees). Khaleel Ahmed will join Hyderabad for ₹4.80 crore (48 million rupees), and Nathan Ellis for ₹2 crore (20 million rupees).

When will the IPL 2027 Mini Auction take place?

The IPL 2027 mini auction will be held in Goa on December 16th. Before this, all franchises must release their retention and release lists. November 17th has been set as the date for this. The trade window will also remain open for a week before the auction. Therefore, some more players may change teams in the coming days.

IPL 2027 Trade: Which player has which team and how much has it been worth so far?

A total of 10 players have changed franchises in four major trade deals ahead of IPL 2027. Below is a complete breakdown of all these players' old and new teams, along with their new price.