Hardik Pandya joins Punjab Kings in blockbuster IPL 2027 trade; Arshdeep Singh moves to Mumbai Indians

Hardik Pandya and Arshdeep Singh have swapped teams in a major IPL trade just ahead of this year’s auction. | Photo Credit: AI generated image

Punjab Kings (PBKS) on Tuesday officially acquired Mumbai Indians all-rounder Hardik Pandya in a blockbuster trade ahead of the Indian Premier League (IPL) 2027 season, with India pacer Arshdeep Singh moving in the opposite direction. Hardik joins PBKS at Rs. 18 crore, up from his existing fee of Rs. 16.35 crore, while Arshdeep goes to MI at his existing fee of Rs. 18 crore.

The Ricky Ponting-coached franchise has secured the services of the India all-rounder after reaching an agreement with Mumbai Indians, with the deal set to reshape the squads of both franchises ahead of the new season.

The trade comes ahead of the retention deadline of November 17.

Arshdeep had been released by Punjab ahead of the 2025 mega-auction but was re-acquired using the Right to Match card. After Sunrisers Hyderabad raised its successful bid from Rs. 15.75 crore to Rs. 18 crore, PBKS matched the offer to retain the left-arm pacer.

Hardik, meanwhile, had returned to Mumbai Indians in an all-cash trade from Gujarat Titans ahead of IPL 2024, following a successful two-season stint with the franchise, which he had captained to the title in 2022. His subsequent three seasons as MI captain, however, brought limited success, with the team finishing near the bottom of the standings twice.