The two franchises completed a player-for-player swap ahead of the 2027 Indian Premier League season.
Mumbai Indians (MI) and Punjab Kings (PBKS) have completed a player-for-player trade involving Hardik Pandya and Arshdeep Singh ahead of the 2027 Indian Premier League (IPL) season, according to Sportstar.
The IPL confirmed the trade in a media statement on Wednesday. Hardik Pandya will join PBKS at a revised fee of Rs 18 crore, up from his previous Rs 16.35 crore. Arshdeep Singh will move to MI at his existing fee of Rs 18 crore.
The swap ends Pandya's second stint with MI, where he served as captain. He originally joined MI in 2015 and was part of title-winning campaigns in 2015, 2017, 2019 and 2020. He later moved to Gujarat Titans before returning to MI in 2024.
Arshdeep Singh, who made his IPL debut for PBKS in 2019, is the franchise's highest wicket-taker with 111 wickets from 96 matches. He is also India's leading wicket-taker in T20 Internationals.
The trade comes during the pre-auction trading window, which has a deadline of November 17.
While the deal is official, the final week of the window may see further high-profile moves announced.
