The Indian Premier League (IPL) trade market is witnessing significant changes ahead of the 2027 season, with key players like Hardik Pandya and Arshdeep Singh set to switch franchises. The most notable swap involves India internationals Pandya moving from Mumbai Indians (MI) to Punjab Kings (PBKS), while Arshdeep heads in the opposite direction. This follows a busy 2026 trade window, with Sanju Samson transferring to Chennai Super Kings (CSK), and Ravindra Jadeja and Sam Curran joining Rajasthan Royals (RR).

In the history of the IPL, big trades have been commonplace. The league's story dates back to 2009 when Zaheer Khan swapped franchises with Robin Uthappa. Since then, the league has seen several surprising deals, such as Shikhar Dhawan's three-player exchange in 2018 and Ravichandran Ashwin's move from Kings XI Punjab to Delhi Capitals (DC) in 2020. Some moves have proven to be masterstrokes, like Trent Boult's arrival at Mumbai Indians, while others have failed to deliver.

Here is a look at the biggest IPL trades that have shaped the league's history:

1. Hardik Pandya (MI) to PBKS in 2027 for Arshdeep Singh (PBKS)

2. Sanju Samson (RR) to CSK in 2026 for Ravindra Jadeja and Sam Curran (CSK)

3. Hardik Pandya (GT) to MI in 2024

4. Rishabh Pant (LSG) to DC in 2027 for Kuldeep Yadav (DC)

5. Cameron Green (MI) to Royal Challengers Bangalore in 2024

6. Shikhar Dhawan (SRH) to DC in 2019

7. Ravichandran Ashwin (KXIP) to DC in 2020

8. Trent Boult (DC) to MI in 2020

9. Zaheer Khan (RCB) to MI in 2009 for Robin Uthappa (MI)

10. Ross Taylor (DD) to PWI in 2013 for Ashish Nehra (PWI)

In addition to the Hardik-Arshdeep swap, the 2027 window has seen T Natarajan returning to Sunrisers Hyderabad from Delhi, while Zeeshan Ansari moved to the Capitals. Chennai Super Kings and SRH have completed a four-player exchange involving Liam Livingstone, Jack Edwards, Khaleel Ahmed, and Nathan Ellis, with Livingstone's fee revised to Rs 6 crore. The details of these trades are as follows:

1. Hardik Pandya (MI) to PBKS for Arshdeep Singh (PBKS) - ₹18 crore, revised from ₹16.35 crore

2. Rishabh Pant (LSG) to DC for Kuldeep Yadav (DC) - ₹15 crore, revised

3. T Natarajan (D) to SRH - ₹5 crore, revised

4. Zeeshan Ansari (SRH) to DC - ₹40 lakh, existing contract

5. Liam Livingstone (CSK) to SRH - ₹6 crore, revised from ₹13 crore

6. Jack Edwards (CSK) to SRH - ₹3 crore, existing contract

7. Khaleel Ahmed (SRH) to CSK - ₹4.8 crore, existing contract

8. Nathan Ellis (CSK) to SRH - ₹2 crore, existing contract