The IPL 2027 trade window is open, and two trades have been completed so far. Rishabh Pant went back to Delhi Capitals with Kuldeep Yadav moving to Lucknow Super Giants on 23 June 2026, and T Natarajan returned to Sunrisers Hyderabad with leg-spinner Zeeshan Ansari heading to Delhi on 14 October 2026. The window closes one week before the 16 December auction, so around 9 December.
Before the deadline, every franchise also has to lodge its retained and released list by 15 November, and that is when trade talk usually peaks. Mumbai Indians and Hardik Pandya are the deal everyone is watching.
Below you will find a dated log of every completed trade with the fee and what it did to each team’s auction purse, the rules that decide what is and isn’t allowed, and the deals still being talked about. For fixtures, squads and every other storyline of the new season, start with our IPL 2027 hub.
IPL 2027 trade window at a glance
| Item | Detail |
|---|---|
| Window opened | After the IPL 2026 final on 31 May 2026 |
| Completed trades | 2 swaps, 4 players moved Confirmed |
| Most active team | Delhi Capitals, involved in both trades |
| Retention and release deadline | 15 November 2026 Reported |
| Pre-auction window closes | Around 9 December 2026 Expected |
| IPL 2027 auction | 16 December 2026, ITC Grand Goa Reported |
| Window reopens | About a week after the auction, until one month before the season |
| IPL 2027 season | Expected to start towards the end of March 2027 Reported |
Every IPL 2027 trade so far, with fee and purse effect
This is the table most trackers get wrong, so we have shown the working.
A trade changes a team’s auction purse by the difference between the fee of the player leaving and the fee of the player arriving. If a player moves at a revised fee, the new fee is what counts for the buying team, while the selling team frees the full fee it was paying.
Dated log of completed IPL 2027 trades
| Date | Player and move | Fee at new team | Purse effect | Status |
|---|---|---|---|---|
| 23 June 2026 | Rishabh Pant, LSG to DC | Rs 15 crore (revised, down from Rs 27 crore) | LSG plus Rs 27 crore, DC minus Rs 15 crore | Confirmed |
| 23 June 2026 | Kuldeep Yadav, DC to LSG | Rs 13.50 crore (existing fee) | DC plus Rs 13.50 crore, LSG minus Rs 13.50 crore | Confirmed |
| 14 October 2026 | T Natarajan, DC to SRH | Rs 5 crore (revised, down from Rs 10.75 crore) | DC plus Rs 10.75 crore, SRH minus Rs 5 crore | Confirmed |
| 14 October 2026 | Zeeshan Ansari, SRH to DC | Rs 40 lakh (existing fee) | SRH plus Rs 40 lakh, DC minus Rs 40 lakh | Confirmed |
Net purse effect by team after all trades
| Team | Money freed | Money committed | Net change |
|---|---|---|---|
| Lucknow Super Giants | Rs 27 crore (Pant) | Rs 13.50 crore (Kuldeep) | Plus Rs 13.50 crore |
| Delhi Capitals | Rs 13.50 crore (Kuldeep) plus Rs 10.75 crore (Natarajan) | Rs 15 crore (Pant) plus Rs 40 lakh (Ansari) | Plus Rs 8.85 crore |
| Sunrisers Hyderabad | Rs 40 lakh (Ansari) | Rs 5 crore (Natarajan) | Minus Rs 4.60 crore |
| Other seven teams | None | None | No change from trades |
Calculated by iSportsLeague from the fees in the official IPL trade advisories.
A word on the Kuldeep number, because trackers disagree. Delhi retained him for Rs 13.25 crore before the 2025 mega auction, and a few outlets used that figure. The IPL’s own media advisory on 23 June said he joins Lucknow at his existing fee of Rs 13.50 crore, so that is the figure we use. On the older number, Delhi’s gain would be Rs 8.60 crore and Lucknow’s Rs 13.75 crore. The BCCI has not published updated purses yet, so treat both lines as our working until the official auction purses come out after 15 November.
The Natarajan numbers are cleaner. Delhi free his Rs 10.75 crore fee and take on Ansari’s Rs 40 lakh, a gain of Rs 10.35 crore. Sunrisers free Rs 40 lakh and commit Rs 5 crore, a loss of Rs 4.60 crore. A couple of online trackers have printed different figures for this deal, but the maths only works one way.
Rishabh Pant and Kuldeep Yadav, what each team got
The first IPL 2027 transfer was also the loudest. Lucknow made Pant the most expensive buy in IPL history at Rs 27 crore in the 2025 mega auction in Jeddah. Two seasons later, they let him go home for barely more than half that.
Why LSG let Pant go
The results tell the story. In IPL 2026 Pant scored 312 runs in 13 innings at a strike rate of 138.05, and LSG finished last with four wins from 14 matches. He stepped down as captain before the season was over. Paying Rs 27 crore for a player who no longer wanted the job and was not winning games made little sense.
What Lucknow gained is room. An extra Rs 13.50 crore in a mini-auction is serious money, and they get an Indian spinner who grew up in Uttar Pradesh to play at the Ekana.
Why Delhi wanted him back
Pant played nine seasons for Delhi from 2016 to 2024, captained them, and is still the face many Delhi fans associate with the franchise. His 111 appearances are the most by any player for DC. At Rs 15 crore he is no longer priced as a superstar, and Delhi needed a lift in the batting order and a recognised keeper after missing the playoffs in 2026.
What Kuldeep brings to Lucknow
Kuldeep had a poor IPL 2026 by his standards, with ten wickets in 11 matches. Across five seasons at Delhi he was one of their most reliable wicket-takers, though, with 72 wickets in 65 games at an economy of 8.24, and the move puts him in his home state. Lucknow’s spin stocks were thin, so he should walk into the XI.
This is also the second time in two seasons that a big Indian name has accepted a pay cut as part of a trade. Ravindra Jadeja did the same when he went from Chennai to Rajasthan Royals in the Sanju Samson deal before IPL 2026.
T Natarajan and Zeeshan Ansari, Delhi’s second swap
Delhi were not done. On 14 October 2026 they sent Natarajan back to Hyderabad and took Ansari the other way.
T Natarajan returns home
Natarajan was Sunrisers’ death-overs specialist before Delhi signed him for Rs 10.75 crore at the 2025 mega auction. Injury and form limited his impact in Delhi colours. SRH take him back at less than half his old price. For a side that already bats aggressively, a left-arm yorker bowler who knows the Hyderabad conditions is a sensible, low-risk buy, and Rs 5 crore is the price of the age and form risk.
Zeeshan Ansari moves to Delhi
Ansari is a leg-spinner from Lucknow who plays for Uttar Pradesh. He made his IPL debut for SRH in 2025, against Delhi of all teams, and moves at his existing fee of Rs 40 lakh. The fit is obvious. Delhi lost Kuldeep in June and needed a wrist-spinner to bowl alongside Axar Patel. Ansari is not a like-for-like replacement yet, but he is close to free and DC freed more than Rs 10 crore in the same deal.
IPL 2027 trade window dates, when it closes and reopens
Fans often mix up the retention deadline with the trade deadline. They are different, and the trade window actually runs in two parts.
| Date | What happens | Status |
|---|---|---|
| 31 May 2026 | IPL 2026 final, trading can begin after it | Confirmed |
| 15 November 2026 | Retained and released lists due with the BCCI | Reported |
| Around 9 December 2026 | Pre-auction trade window closes, one week before the auction | Expected |
| 15 December 2026 | Franchise auction briefing in Goa | Reported |
| 16 December 2026 | IPL 2027 mini-auction at ITC Grand Goa | Reported |
| After the auction to about late February 2027 | Post-auction trade window, closing one month before the season | Expected |
| Late March 2027 | IPL 2027 season start | Reported |
The BCCI has told all 10 franchises that the auction will be held on 16 December at ITC Grand Goa, with a briefing the day before, though a formal press release is still awaited. It brings the auction back to India for the first time since Kochi in December 2022, after Dubai, Jeddah and Abu Dhabi. The date clashes with India’s ODI against Sri Lanka in Bengaluru, so we will update this page if either event moves.
The season start matters for the second window too. BCCI secretary Devajit Saikia said after the board’s September AGM that IPL 2027 could begin towards the end of March, which would put the post-auction trade deadline in late February. Full dates are on our IPL 2027 schedule page.
How IPL trades work, the rules in practice
The IPL’s trading rules are short, but each one shapes how deals actually get done.
Two kinds of trade
A trade is either a player swap, where two teams exchange players, or an all-cash deal, where one team buys a player outright at his fee. Both IPL 2027 trades so far have been swaps. Hardik Pandya’s move from Gujarat to Mumbai before IPL 2024 and Cameron Green’s move from Mumbai to Bengaluru were all-cash deals.
The fee can change
A player can move at his existing fee or at a revised one agreed between the teams and the player. Pant and Natarajan both moved at revised fees, which is why their new teams pay far less than the original auction prices.
The player has to agree
No trade goes through without the player’s consent. That matters for big names, because a player who does not want to move can stall a deal even if both teams agree.
The IPL has to approve it
Every trade needs approval from the IPL Governing Council before it is announced. That is why reports of a deal often appear days before the official confirmation. The Pant trade was first reported on 19 June and formally completed on 23 June.
No instant flips
Players bought at the December auction cannot be traded in the post-auction window. Only players already in squads can move after 16 December.
Trading carries on
Teams submit their lists on 15 November, but they can keep trading retained players until the pre-auction window closes. Several big trades in past seasons were confirmed in the days around the retention deadline, so the next few weeks are when most movement is likely.
Hardik Pandya and other reported IPL 2027 trades
None of the moves in this section has been confirmed. They are listed because fans keep asking about them.
Hardik Pandya
Hardik is the biggest name in trade talk, and the story has moved several times in a month. In early October reports said several franchises had contacted Mumbai about him, with Chennai and Kolkata both mentioned. Mumbai’s reported asks were steep. Kolkata turned down a package that included Rinku Singh and Harshit Rana, and Chennai’s CEO Kasi Viswanathan publicly denied talks involving Shivam Dube. On 18 October R Ashwin said on his YouTube channel that, from what he had heard, Rajasthan Royals were the frontrunners, while separate reports said a swap involving Yashasvi Jaiswal had stalled.
The latest twist came on 1 November. CricTracker reported that Kolkata are now the frontrunners, because Ajinkya Rahane’s retirement from all cricket on 30 July left them without a captain, and a captaincy guarantee is likely to be Hardik’s condition. Angkrish Raghuvanshi is said to be the key name, as Mumbai want him in any deal.
Two things still complicate any move. Hardik’s fee is Rs 16.35 crore, so the receiving team needs either a big purse or a big player going back, and his fitness has been a worry. Mumbai have also lost their head coach, with Mahela Jayawardene stepping down in mid-October, which adds another layer of uncertainty.
| Team linked | What has been reported | Status |
|---|---|---|
| Kolkata Knight Riders | Named frontrunners on 1 November after Rahane’s retirement left a captaincy gap | Developing |
| Rajasthan Royals | Named frontrunners by Ashwin on 18 October, Jaiswal swap reportedly stalled | Rumour |
| Chennai Super Kings | Interest reported, CEO denied talks over Shivam Dube | Rumour |
| Mumbai Indians | Other reports say MI are ready to keep their captain | Open |
Other names in the rumour mill
Earlier in the summer, unverified lists linked Suryakumar Yadav, Nicholas Pooran and Sam Curran with moves. We found no reliable report of advanced talks for any of them, so they are not in our trade log. Hardik’s future should be clear by 15 November, and we will move him into the confirmed table the moment the IPL approves a deal.
Biggest IPL trades in history
The trade window used to be a quiet corner of the IPL calendar. That changed in 2023, when Hardik left Gujarat for Mumbai, and the last three windows have been busier than ever.
| Season | Player | Move | Fee | Type |
|---|---|---|---|---|
| Before IPL 2024 | Cameron Green | MI to RCB | Rs 17.50 crore | All cash |
| Before IPL 2024 | Hardik Pandya | GT to MI | Rs 15 crore | All cash |
| Before IPL 2026 | Sanju Samson | RR to CSK | Rs 18 crore | Swap |
| Before IPL 2026 | Ravindra Jadeja and Sam Curran | CSK to RR | Rs 14 crore and Rs 2.40 crore | Swap |
| Before IPL 2026 | Mohammed Shami | SRH to LSG | Rs 10 crore | All cash |
| Before IPL 2027 | Rishabh Pant | LSG to DC | Rs 15 crore | Swap |
What the IPL 2026 window looked like
Before IPL 2026, the Samson, Jadeja and Curran deal was the headline, but there were plenty of smaller moves. Mumbai brought in Shardul Thakur from Lucknow for Rs 2 crore, Sherfane Rutherford from Gujarat for Rs 2.60 crore and Mayank Markande from Kolkata for Rs 30 lakh, and sent Arjun Tendulkar to Lucknow for Rs 30 lakh. Delhi got Nitish Rana from Rajasthan for Rs 4.20 crore and sent Donovan Ferreira the other way for Rs 1 crore.
That pattern is useful for IPL 2027. Mumbai went into the 2026 auction with one of the smallest purses in the field and used trades to fill gaps instead. Teams short of money this year may do the same in the final weeks before 9 December.
Who won IPL 2026
Royal Challengers Bengaluru beat Gujarat Titans by five wickets in the final at Ahmedabad on 31 May 2026 to win back-to-back titles, with Virat Kohli named player of the match. RCB’s settled squad is a big reason they have stayed out of the trade market so far.
What the IPL 2027 trades mean for the auction
This is the last mini-auction before the IPL 2028 mega auction, so teams are buying for one season and planning for a reset.
Clear winners on money
Losing Pant’s Rs 27 crore fee and adding Kuldeep’s Rs 13.50 crore leaves Lucknow with Rs 13.50 crore more than they would otherwise have, before their own releases. Expect them to chase a top overseas fast bowler and a middle-order finisher.
Rebuilt and richer
Delhi have rebuilt their spin and keeping options and still added purse, between Rs 8.60 crore and Rs 8.85 crore depending on which Kuldeep figure you use. Reports say Sourav Ganguly and Yuvraj Singh are taking senior coaching roles, so a fresh set-up will be spending that money.
The only spenders
Sunrisers are the only team to have spent purse on trades so far. Rs 4.60 crore is not much, but every crore counts at a mini-auction where bidding wars for a handful of overseas players can run very high.
The 2027 auction purse per team has not been officially announced. Reports say the total salary cap, which covers the auction purse, performance pay and match fees, will be Rs 157 crore. For the 2026 auction the purse was Rs 125 crore per team. Our IPL 2027 auction page will carry the confirmed team-by-team purses as soon as they are released, and our IPL retained player list will show exactly who each team keeps on 15 November.
iSportsLeague take
This is the site’s view, not a confirmed fact.
We expect at least two more trades before the window closes around 9 December, and we think Delhi Capitals have already won this window. They swapped two expensive bowlers in poor form for their former captain at a discount and a cheap young leg-spinner, and still came out with more purse than they started with. That is good business. Lucknow come second. Pant at Rs 27 crore was never going to look like value, and Kuldeep in his home state is a fair return for a team that finished last.
On Hardik, we have changed our view slightly. A fortnight ago we expected him to stay at Mumbai. Kolkata’s captaincy gap gives a buyer a real reason to pay the price, and Mumbai seem willing to deal if the return is right. We now think a move is close to a coin toss, and if he goes, Kolkata are the likeliest buyer. The fee, the fitness doubt and the mega auction a year away are still the biggest reasons a deal could fall through.
Watch the small deals too. Rs 30 lakh to Rs 3 crore trades filled real holes last year, and late November is when they land.
IPL 2027 trade window FAQs
When does the IPL 2027 trade window close?
The pre-auction trade window closes one week before the auction. With the auction set for 16 December 2026, that is expected to be around 9 December. The window then reopens after the auction and runs until about one month before IPL 2027 starts.
How many trades have happened before IPL 2027?
Two trades have been completed, involving four players. Rishabh Pant and Kuldeep Yadav swapped between Delhi Capitals and Lucknow Super Giants on 23 June 2026, and T Natarajan and Zeeshan Ansari swapped between Delhi and Sunrisers Hyderabad on 14 October 2026.
What fee will Rishabh Pant get at Delhi Capitals?
Pant moved to Delhi at a revised fee of Rs 15 crore. That is Rs 12 crore less than the record Rs 27 crore Lucknow paid for him at the 2025 mega auction.
When is the IPL 2027 auction?
The BCCI has told the franchises the auction will be held on 16 December 2026 at ITC Grand Goa, with a briefing on 15 December. A formal press release is still awaited.
What is the IPL 2027 retention deadline?
Franchises must submit their retained and released player lists by 15 November 2026. Trading can continue after that date until the pre-auction window closes.
Is Hardik Pandya being traded for IPL 2027?
No trade has been agreed. Kolkata Knight Riders were named the frontrunners in a 1 November report, after earlier talk about Rajasthan Royals and Chennai Super Kings, while other reports say Mumbai Indians may keep their captain.
Can a player bought at the IPL 2027 auction be traded?
No. Players bought at the December auction cannot be traded in the post-auction window. Only players already in a squad before the auction can be moved after it.
Does a traded player get the same salary?
Not always. A player can move at his existing fee, as Kuldeep and Ansari did, or at a revised fee agreed with the new team, as Pant and Natarajan did. Any trade also needs the player’s consent and IPL approval.
For full squads after every move, see our IPL teams, squads and players page. We will add every new trade to the dated log above as soon as it is confirmed.
Last updated 1 November 2026
