Key takeaways
- Confirmed by the IPL on 11 November 2026 — Hardik Pandya to Punjab Kings, Arshdeep Singh to Mumbai Indians.
- Pandya joins Punjab at a revised ₹18 crore, up from ₹16.35 crore; Arshdeep moves on his existing ₹18 crore.
- Vishnu Vinod, named in early reports, is not part of the announced deal.
- Mumbai have not named a new captain; Rohit Sharma's return is reported, not confirmed. PTI reports Shreyas Iyer stays Punjab captain.
What has been announced
On Wednesday, 11 November 2026, the IPL announced what it called "a marquee player trade ahead of the TATA IPL 2027": Hardik Pandya moves from Mumbai Indians to Punjab Kings, and Arshdeep Singh moves from Punjab to Mumbai Indians.
According to the IPL's release, Pandya joins Punjab at a revised fee of ₹18 crore, up from his existing ₹16.35 crore, while Arshdeep joins Mumbai at his existing fee of ₹18 crore. No other players are part of the deal: Vishnu Vinod, whom Sportstar had named in its first report on 3 November, does not appear in the announcement.
The deal had been reported as agreed for several days. On 7 November PTI quoted an unnamed source saying "the trade has been completed" and that "it was the decision of the captain and the coach to trade Hardik for Arshdeep". The same source said that, for Punjab's owners, "it was not an easy decision considering how Arshdeep has risen and performed so well for the franchise". At that point the trade still needed BCCI ratification; the IPL's announcement completes it.
Confirmed and reported
| Status | |
|---|---|
| Hardik Pandya to Punjab Kings, Arshdeep Singh to Mumbai Indians | Confirmed by the IPL, 11 November |
| Pandya's fee ₹18 crore (was ₹16.35 crore); Arshdeep's fee ₹18 crore | Confirmed by the IPL release |
| Vishnu Vinod moving to Mumbai | Not part of the announced deal (earlier Sportstar report) |
| Shreyas Iyer stays Punjab captain | Reported by PTI, citing an IPL source |
| Rohit Sharma to return as MI captain | Reported by The Indian Express (30 October); MI have not announced a captain |
| Retention lists due 17 November, auction 16 December in Goa | Retention date reported by ANI; auction date and venue announced by the BCCI |
Background
Pandya first joined Mumbai in 2015 and won four titles there (2015, 2017, 2019 and 2020). He moved to Gujarat Titans before IPL 2022, captained them to the title in their first season and to the 2023 final, then returned to Mumbai in an all-cash trade before IPL 2024 and replaced Rohit Sharma as captain. In his three seasons back, Mumbai finished last in 2024, reached the playoffs in 2025 and finished ninth in 2026. ANI, citing the IPL's figures, gives his second Mumbai spell as 647 runs in 39 matches at a strike rate of 147.82 and 29 wickets. Across his IPL career he has 2,955 runs at a strike rate of 146.28 and 82 wickets in 162 matches. PTI reports that he has not played competitive cricket since the last IPL because of injuries.
Arshdeep made his IPL debut for Punjab in 2019 and spent eight seasons there. Punjab bought him back for ₹18 crore with their Right to Match card at the 2025 mega auction. He leaves as the franchise's all-time leading wicket-taker, with 111 wickets in 96 IPL matches, including 21 in 2025 and 14 in 2026. The IPL's release describes him as India's leading wicket-taker in men's T20 internationals.
This is the fourth trade completed since the 2026 season, after Rishabh Pant's move to Delhi Capitals, T Natarajan's return to Sunrisers Hyderabad and the four-player CSK–SRH trade on 5 November. Our earlier report covers Rohit Sharma's reported return as MI captain.
What happens next
| Date | What |
|---|---|
| 17 November 2026 | Retention and release lists due — both players will appear on their new teams' lists |
| One week before the auction | Trade window closes |
| 16 December 2026 | Mini-auction in Goa |
Mumbai still have to name a captain; the retention list on 17 November will show who stays around Bumrah, Suryakumar Yadav and Tilak Varma. Punjab, having given up their leading wicket-taker, are likely to look for Indian pace at the auction. How trades, retentions and the purse work: IPL squad and auction rules and IPL 2027 auction and retention dates.
What it means for fantasy players
The trade moves two of the most-picked players in both squads, and it changes both bowling attacks.
- Arshdeep at Wankhede. Wankhede is one of the highest-scoring grounds in the IPL, but the new ball can swing early. Arshdeep will share the new ball and the death overs with Jasprit Bumrah and Trent Boult (if retained), so he may bowl fewer powerplay overs than he did at Punjab. See the Wankhede pitch report.
- Punjab's attack needs a new leader. Without Arshdeep, Marco Jansen, Yuzvendra Chahal and the overseas seamers carry the bowling until the auction. Wait for the squad before trusting any Punjab seamer as a regular pick.
- Pandya as a batter first. With Iyer reported to stay captain, Pandya is likely to bat in the middle order. Batting depth at the batting-friendly Mullanpur ground suits him, but his all-round value depends on how many overs he bowls after his injuries — check his role in the first games.
- Mumbai's captaincy is open. It does not change fantasy points directly, but a new captain can mean a new batting order. Check it before the season.
Drem11 points do not reward a player for being captain of his real team. For how your own captain and vice-captain picks score, see captain and vice-captain. Updated squads: Mumbai Indians and Punjab Kings.
Sources
- IPLT20.com, Hardik Pandya and Arshdeep Singh complete major trade between PBKS and MI, 11 November 2026 — official announcement, fees and career figures.
- ANI, IPL player trade: Hardik Pandya moves to PBKS, Arshdeep Singh finds new home in MI, 11 November 2026 — IPL statement, second-stint figures.
- ThePrint (PTI), Hardik to move to Punjab Kings, Arshdeep set for MI switch, 7 November 2026 — source quotes, Iyer as captain, injuries.
- Gulf News, Hardik Pandya leaves Mumbai Indians for Punjab Kings: will Rohit Sharma return as MI captain?, 11 November 2026 — MI captaincy status.
- ThePrint (PTI), MI, PBKS in talks for high-profile trade involving Hardik and Arshdeep, 3 November 2026 — first reports of the talks.
- Outlook India (citing Sportstar), Hardik Pandya to Punjab Kings? Mumbai Indians in advanced talks for massive swap involving star pacer, 3 November 2026 — early report naming Vishnu Vinod.
- The Tribune (ANI), IPL extends deadline for retention lists to November 17, 2 November 2026.