Mumbai Indians (MI) and Punjab Kings (PBKS) have officially completed a major player swap ahead of the IPL 2027 season, with Hardik Pandya moving to Punjab Kings and Arshdeep Singh joining Mumbai Indians.
According to an IPL press statement, Hardik has joined PBKS for INR 18 crore, an increase from his previous salary of INR 16.35 crore. Arshdeep will move to MI at his existing fee of INR 18 crore.
Hardik, who has captained Mumbai Indians since 2024, will now represent his third franchise in the IPL. He began his IPL career with MI in 2015 before joining Gujarat Titans in 2022. He captained Gujarat for two seasons, winning the title in 2022 and reaching the final in 2023, before returning to Mumbai in 2024.
The all-rounder has won the IPL trophy five times, including four titles with Mumbai Indians and one with Gujarat Titans. However, his captaincy spell at MI produced mixed results. The franchise finished last in 2024, reached the playoffs in 2025 and ended ninth in the 2026 season. In 39 matches as captain, Hardik led Mumbai to 15 victories while suffering 24 defeats.
His departure leaves Mumbai Indians searching for a new captain ahead of the next season. The franchise has already made significant changes to its coaching setup, with Kieron Pollard appointed head coach following Mahela Jayawardene’s departure. Robin Uthappa, Mitchell McClenaghan and T Dilip have also joined the coaching staff as batting, bowling and fielding coaches, respectively.
Arshdeep Singh, meanwhile, will begin a new chapter after representing Punjab Kings since making his IPL debut in 2019. The left-arm fast bowler played 96 matches for PBKS across eight seasons and claimed 111 wickets, making him the franchise’s leading wicket-taker in IPL history.
His arrival gives Mumbai Indians a potentially formidable pace combination alongside Jasprit Bumrah. Arshdeep’s left-arm angle and ability to bowl in the powerplay and death overs could add another dimension to Mumbai’s bowling attack.
For Punjab Kings, Hardik’s experience as an all-rounder and former IPL-winning captain provides a significant addition ahead of IPL 2027. The trade also marks the end of Arshdeep’s long association with the franchise, as both teams prepare for a new season with major changes to their squads.