Mumbai Indians captain Hardik Pandya will move to Punjab Kings ahead of IPL 2027, with Arshdeep Singh joining Mumbai Indians in return, in what the league called a marquee player trade announced on Wednesday (November 11).
Pandya joins Punjab Kings at a fee of Rs 18 crore, up from his existing fee of Rs 16.35 crore. Arshdeep moves to Mumbai Indians at his existing fee of Rs 18 crore, the IPL said in a media advisory.
The trade ends Pandya's second stint with Mumbai Indians, with whom he won four IPL titles, in 2015, 2017, 2019 and 2020. He joined the franchise in 2015 and spent seven seasons there before moving to Gujarat Titans ahead of IPL 2022, where he captained the side to the title in its debut season and to the final in 2023. He returned to Mumbai in 2024 and took over the captaincy.
Across 162 IPL matches, Pandya has scored 2,955 runs at a strike rate of 146.28 and taken 82 wickets.
Arshdeep leaves Punjab Kings after eight seasons, having made his IPL debut for the franchise in 2019. He is Punjab's all-time leading wicket-taker, with 111 wickets in 96 matches. He took 21 wickets in IPL 2025 and 14 in the 2026 season. He is also India's leading wicket-taker in T20 internationals; his left-arm pace and ability across phases of an innings are expected to add depth to Mumbai's attack.
Neither franchise has issued a separate statement on the trade.
(With inputs from media reports)