Mumbai Indians and Punjab Kings have completed a blockbuster player swap ahead of IPL 2027, with Hardik Pandya moving to Punjab and left-arm pacer Arshdeep Singh joining Mumbai Indians.
The Board of Control for Cricket in India officially confirmed the trade on November 11. Both players have been valued at Rs 18 crore, making it a direct exchange without any additional cash component.
Hardik’s move ends his second stint with Mumbai Indians, where he spent three seasons as captain. His return to the franchise in 2024 followed a successful spell with Gujarat Titans, whom he led to the IPL title in their debut season.
However, Mumbai finished in the bottom two in two of the three seasons under his leadership.
Arshdeep, meanwhile, ends his seven-year association with Punjab Kings. His father recently said the move initially came as a surprise but welcomed the opportunity for his son to play alongside India teammate Jasprit Bumrah.
Hardik has won five IPL titles, scored nearly 3,000 runs and taken 82 wickets. Arshdeep has claimed 111 wickets in 96 IPL matches and is among India’s leading T20 fast bowlers.
Other notable trades include Zaheer Khan in the Robin Uthappa swap (2009), Abhishek Sharma in the Shikhar Dhawan deal (2019), Hardik to Gujarat Titans (2024), Cameron Green to RCB (2024), Sanju Samson in the Ravindra Jadeja swap (2025), and Kuldeep Yadav in the Rishabh Pant deal (2026).
The trade confirmation you have been waiting for is HERE!
Two marquee #TeamIndia stars, two franchise and a blockbuster trade 🎇
Hardik Pandya heads to @PunjabKingsIPL and Arshdeep Singh moves to @mipaltan.
📌 Hardik will join #PBKS at a revised fee of INR 18 crore, up from 16.5 crores.
📌 Arshdeep will join #MI at his existing fee of INR 18 crore
Details ▶️ https://t.co/i4RpaGg2BE
#TATAIPL2027
— IndianPremierLeague (@IPL) November 11, 2026
