IPL 2027 trades so far: From Rishabh Pant's return to Delhi Capitals to Hardik Pandya-Arshdeep Singh blockbuster swap
The IPL 2027 trading window has witnessed a flurry of high-profile player movements, with franchises reshaping their squads ahead of the December auction. The latest and perhaps biggest development is the exchange involving India all-rounder Hardik Pandya and left-arm pacer Arshdeep Singh, with Mumbai Indians and Punjab Kings agreeing to a direct swap.
Pandya will move from MI to PBKS at an increased fee of Rs 18 crore, while Arshdeep will head in the opposite direction at his existing price of Rs 18 crore. The deal adds another major twist to the build-up to the auction, following a series of significant trades involving established India internationals and overseas players.
From Rishabh Pant 's return to Delhi Capitals to Kuldeep Yadav 's move to Lucknow Super Giants, and a four-player exchange between Chennai Super Kings and Sunrisers Hyderabad , franchises have already made some important changes to their combinations.
Here is a look at the confirmed trades so far ahead of the December auction:
Hardik Pandya-Arshdeep Singh: MI and PBKS pull off blockbuster swap
, bringing the curtain down on his second stint with the five-time champions.
Pandya first joined MI in 2015 and played a key role in their title-winning campaigns in 2015, 2017, 2019 and 2020. He returned to the franchise in 2024 and took over the captaincy from Rohit Sharma .
Across 162 IPL appearances, the all-rounder has scored 2,955 runs at a strike rate of 146.28 and claimed 82 wickets. His move to PBKS comes at an increased fee of Rs 18 crore, up from his existing Rs 16.35 crore.
Arshdeep, meanwhile, will join MI after eight seasons with Punjab, where he made his IPL debut in 2019. With 111 wickets in 96 matches, he is PBKS' all-time leading wicket-taker. The left-arm pacer moves at his existing fee of Rs 18 crore, giving MI an established Indian fast-bowling option.
Rishabh Pant-Kuldeep Yadav: Major reshuffle between DC and LSG
In another significant exchange, Rishabh Pant will return to Delhi Capitals from Lucknow Super Giants, while left-arm wrist-spinner Kuldeep Yadav will move to LSG.
Pant, who was bought by LSG for a record Rs 27 crore ahead of IPL 2025, will return to DC at a revised fee of Rs 15 crore. Kuldeep will join LSG at his existing fee of Rs 13.50 crore.
Pant spent nine seasons with Delhi between 2016 and 2024, making 111 appearances and captaining the side in 43 matches. His two-season stint with LSG proved challenging, with the franchise finishing seventh in 2025 and at the bottom of the table in 2026.
Kuldeep, meanwhile, enjoyed a successful five-season spell with DC, claiming 72 wickets in 65 matches. His move gives LSG an established Indian spin-bowling option.
T Natarajan-Zeeshan Ansari: SRH welcome back experienced pacer
Sunrisers Hyderabad and Delhi Capitals have also completed a player exchange involving left-arm pacer T Natarajan and leg-spinner Zeeshan Ansari .
Natarajan will return to SRH at a revised fee of Rs 5 crore after representing the franchise between 2020 and 2024. DC had acquired him for Rs 10.75 crore at the IPL 2025 mega auction.
The 35-year-old enjoyed his most successful IPL season in 2024, claiming 19 wickets to emerge as SRH's leading wicket-taker and help the team reach the final. He has 72 wickets from 73 IPL matches.
Ansari, meanwhile, will join DC at his existing fee of Rs 40 lakh. The leg-spinner has taken six wickets in 10 IPL appearances, having made his debut against Delhi in 2025.
CSK-SRH four-player exchange: Livingstone, Edwards head to Chennai
Chennai Super Kings and Sunrisers Hyderabad have completed a four-player trade involving two overseas all-rounders and two fast bowlers.
England's Liam Livingstone and Australia's Jack Edwards will move to CSK, while left-arm pacer Khaleel Ahmed and Australian fast bowler Nathan Ellis will join SRH.
Livingstone, who was bought by SRH for Rs 13 crore, will join Chennai at a revised fee of Rs 6 crore. Edwards moves at his existing fee of Rs 3 crore.
SRH will welcome back Khaleel, who previously represented the franchise between 2018 and 2021. He joins at his existing fee of Rs 4.8 crore after taking 15 wickets for CSK in IPL 2025. His 2026 campaign was cut short by a hamstring injury.
Ellis completes the exchange, joining SRH at his existing fee of Rs 2 crore. The Australian pacer missed IPL 2026 after aggravating an old hamstring injury.
The deal gives CSK additional overseas all-rounding options, while SRH strengthen their pace attack with Khaleel and Ellis.