Mumbai : The IPL confirmed the exchange in a statement. Pandya's fee has been revised upwards from Rs 16.35 crore to Rs 18 crore, while Arshdeep will join Mumbai at his existing fee of Rs 18 crore.
The IPL confirmed the exchange in a statement. Pandya's fee has been revised upwards from Rs 16.35 crore to Rs 18 crore, while Arshdeep will join Mumbai at his existing fee of Rs 18 crore.
Hardik Pandya has been traded to Punjab Kings (PBKS) by Mumbai Indians (MI) for Rs 18 crore, with pacer Arshdeep Singh moving to the five-time champions in an exchange that marks the biggest player trade in Indian Premier League (IPL) history, reported.
The IPL confirmed the exchange in a statement. Pandya's fee has been revised upwards from Rs 16.35 crore to Rs 18 crore, while Arshdeep will join Mumbai at his existing fee of Rs 18 crore.
The move brings an end to Pandya's second stint with Mumbai Indians, where he won four IPL titles. The all-rounder first joined the franchise in 2015 and was part of its title-winning campaigns in 2015, 2017, 2019 and 2020.
After seven seasons with Mumbai, Pandya moved to Gujarat Titans (GT) for Rs 15 crore in 2022. He captained the franchise to the title in its debut season and led it to the final again in 2023.
Pandya returned to Mumbai in 2024 and replaced Rohit Sharma as captain. His appointment, however, drew a hostile response from sections of the team's supporters, and he was repeatedly booed during his first season back.
Mumbai's performance also declined during his captaincy, with the team managing only four wins in 14 matches in the 2026 season. Pandya missed the closing stages of the campaign due to fitness concerns.
It is reported that differences within the Mumbai dressing room had come to the fore during this period, with questions surrounding the leadership roles of senior players, including former T20 captain Suryakumar Yadav and pace spearhead Jasprit Bumrah. Rohit's removal as captain had also remained a contentious issue, with speculation over a possible return to the role.
Pandya, however, remains a significant all-round option in the IPL. In 162 matches, he has scored 2,955 runs at a strike rate of 146.28 and taken 82 wickets.
Arshdeep, meanwhile, joins Mumbai after eight seasons with Punjab Kings. He made his IPL debut for the franchise in 2019 and became its all-time leading wicket-taker, with 111 wickets in 96 matches.
The left-arm pacer took 21 wickets in the 2025 season and added 14 in the 2026 edition. He is also India's leading wicket-taker in T20 cricket, with 151 scalps in 104 matches.
The trade follows another high-profile exchange earlier this year, when Chennai Super Kings acquired Sanju Samson from Rajasthan Royals for Rs 18 crore. Rajasthan received Ravindra Jadeja, valued at Rs 14 crore, and Sam Curran, valued at Rs 2.4 crore, in return.
