Mumbai Indians (MI) and Punjab Kings (PBKS) have completed the swap of Hardik Pandya and Arshdeep Singh ahead of IPL 2027.
While allrounder Hardik, MI's captain since 2024, has moved to PBKS, left-arm quick Arshdeep had moved from PBKS, the side he has represented since his IPL debut in 2019, to MI, where he will form a potentially mouth-watering pairing with Jasprit Bumrah.
Hardik will join PBKS for a fee of INR 18 crore, up from his existing fee of INR 16.35 crore, while Arshdeep will join MI at his existing fee of INR 18 crore, an IPL press statement said.
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Cricinfo had reported last week that the trade was in the process of getting finalised, with both franchises placing an expression of interest with the IPL.
Hardik's move from MI will leave the franchise with the hunt for a new captain for the next season. PBKS will be Hardik's third IPL team. He debuted for MI in 2015 and, after the IPL expanded to ten teams (for the second time) in 2022, he represented and led Gujarat Titans (GT) for two seasons before returning to MI in 2024. He won the IPL on five occasions, four times with MI and once with GT.
Under Hardik, MI finished last in 2024 but made the playoffs the following season. However, they ended ninth in 2026. Overall, in 39 matches with Hardik as captain since 2024, MI have won 15 and lost 24.
Arshdeep, meanwhile, played 96 matches across eight seasons for PBKS. His 111 wickets for them are the most by any bowler for the side in its 19 seasons in the competition.
Hardik's departure to PBKS leaves MI with an entirely new leadership group and staff ahead of next season after they revamped their team management. Kieron Pollard has taken over as head coach, replacing Mahela Jayawardene, while Robin Uthappa, Mitchell McClenaghan and T Dilip have been named batting coach, bowling coach and fielding coach, respectively.