The IPL 2027 trade window has already moved more big names than most mini-auctions do. A captain has changed teams, a former Delhi captain has gone home, and Chennai and Hyderabad swapped four players in one deal. Here is every completed trade so far, with fees, and our read on who came out ahead.
All IPL 2027 trades so far (as of November 14)
| Player | From | To | Fee |
|---|---|---|---|
| Hardik Pandya | Mumbai Indians | Punjab Kings | ₹18 crore |
| Arshdeep Singh | Punjab Kings | Mumbai Indians | ₹18 crore |
| Rishabh Pant | Lucknow Super Giants | Delhi Capitals | ₹15 crore |
| Kuldeep Yadav | Delhi Capitals | Lucknow Super Giants | ₹13.5 crore |
| T Natarajan | Delhi Capitals | Sunrisers Hyderabad | ₹5 crore |
| Zeeshan Ansari | Sunrisers Hyderabad | Delhi Capitals | ₹40 lakh |
| Liam Livingstone | Sunrisers Hyderabad | Chennai Super Kings | ₹6 crore |
| Jack Edwards | Sunrisers Hyderabad | Chennai Super Kings | ₹3 crore |
| Khaleel Ahmed | Chennai Super Kings | Sunrisers Hyderabad | ₹4.8 crore |
| Nathan Ellis | Chennai Super Kings | Sunrisers Hyderabad | ₹2 crore |
Hardik Pandya to Punjab, Arshdeep Singh to Mumbai
A year ago nobody would have predicted this one. Hardik leaves Mumbai for the second time, this time as their captain, having taken over from Rohit Sharma in 2024. His fee goes up from ₹16.35 crore to ₹18 crore at Punjab. He brings 2,955 IPL runs at a strike rate above 146 and 82 wickets from 162 matches.
Arshdeep moves the other way at his existing ₹18 crore after eight seasons in Punjab, where he became the franchise’s all-time leading wicket-taker with 111 wickets in 96 games.
Our take: Mumbai probably get the better long-term asset. A left-arm quick who bowls in the powerplay and at the death is the hardest thing to find at an auction. Punjab, led by Shreyas Iyer, get an Indian all-rounder who can bat at five or six and bowl overs, which takes pressure off their overseas slots. Both sides fixed a real problem, which is rare in a trade this big.
Rishabh Pant back at Delhi, Kuldeep Yadav to Lucknow
Pant’s two seasons in Lucknow after his record ₹27 crore move did not work out: seventh in 2025, bottom in 2026. He returns to Delhi, where he spent nine seasons and captained 43 matches, at a much lower ₹15 crore. Kuldeep joins Lucknow on his existing ₹13.5 crore after 72 wickets in 65 games for Delhi.
Our take: Delhi get their keeper-batter and biggest crowd-puller back for less. The catch is that losing Kuldeep leaves a hole in the middle overs they now have to fill at the auction. Lucknow get the wrist-spinner they lacked and free up around ₹12 crore compared with Pant’s old fee.
T Natarajan goes back to Hyderabad
Natarajan returns to the franchise where he made his name, at ₹5 crore, less than half the ₹10.75 crore Delhi paid at the 2025 mega auction. He took 19 wickets for SRH in 2024, the season they reached the final. Leg-spinner Zeeshan Ansari moves to Delhi at ₹40 lakh.
Chennai and Hyderabad’s four-player swap
Chennai bring in Liam Livingstone at ₹6 crore, down from the ₹13 crore Hyderabad paid, plus Australian quick Jack Edwards at ₹3 crore. Going the other way are Khaleel Ahmed (₹4.8 crore), whose 2026 season ended early because of a hamstring problem, and Nathan Ellis (₹2 crore), who missed 2026 with a hamstring problem.
Our take: Livingstone at less than half his old price is good business for Chennai, but the deal reportedly leaves them with nine overseas players, one over the limit, so someone has to go by November 17. Hyderabad are betting on two bowlers coming back from injury. If both stay fit, it is a clever move.
What happens next
Retention lists are due on November 17, and the trade window stays open until a week before the December 16 auction, so more deals are possible. Dates, purse figures and squad rules are in our IPL 2027 auction guide.