PBKS Squad 2027, Punjab Kings Full Player List and Prices

The PBKS squad 2027 could be about to change shape. Punjab Kings are in advanced talks to bring Hardik Pandya from Mumbai Indians, with Arshdeep Singh and Vishnu Vinod going the other way. Nothing has been signed yet, and Shreyas Iyer stays captain whatever happens.

Punjab’s 2026 season was two seasons in one. They were unbeaten through their first seven games, chased 265 against Delhi for the highest successful chase in T20 history, then lost six in a row and finished fifth. This page has all 25 players with their fees, the purse sum to the last lakh, what the Hardik deal would do to the money and the squad, the overseas all rounder logjam, the likely XI and the retention outlook for 17 November.

For every other IPL 2027 story, from trades to the Goa auction, see our IPL 2027 hub.

• Full squad and prices
• The Hardik deal
• Overseas logjam
• Likely XI
• Squad gaps
• Retention outlook
• 2026 season
• History
• Our take
• FAQ

PBKS squad 2027, full player list with prices

These are the 25 players under contract with Punjab on 7 November 2026. Punjab have not completed a trade yet, so this is the squad that played the 2026 season. Overseas players are marked (OS).

Unusually, Punjab’s numbers add up exactly. The 25 fees come to Rs 121.50 crore, which is precisely what the IPL reported Punjab had spent after the 2026 auction, leaving Rs 3.50 crore. If the 2027 purse stays at Rs 125 crore, that is Punjab’s starting room before any trade or release.

The Hardik Pandya deal, worked out

On 3 November, PTI reported that Punjab and Mumbai were in advanced talks, and a day later ESPNcricinfo reported that Punjab were set to win the race ahead of the other interested teams, Kolkata and Chennai among them. The package being discussed is Arshdeep Singh and Vishnu Vinod for Hardik. A source told PTI that Hardik would join as a player only, with Iyer staying captain. Reported

Here is what the deal would do to Punjab’s squad and money, using each player’s current fee.

The money barely moves. What changes is the cricket. Punjab would swap their best fast bowler, and the leading wicket taker in the club’s history, for an all rounder who bats in the middle order and bowls seam. Hardik has not played since the 2026 IPL because of a string of injuries, which is the risk. If he is fit, he gives Punjab the Indian all rounder they have lacked, and frees an overseas slot that one of the many overseas all rounders is currently filling.

It would also leave a hole with the new ball. Reports say Punjab are already looking at Lucknow’s Mohsin Khan as a separate move if Arshdeep goes. Reported

The PBKS overseas all rounder logjam

Count Punjab’s overseas players by what they do and the issue jumps out. Six of the eight are all rounders, and only four can play.

Connolly was the find of the season at Rs 3 crore, and Jansen is the natural fourth overseas player. That leaves Stoinis, at Rs 11 crore the most expensive overseas player Punjab have, as the obvious release. Outlook also reported that Hardik’s arrival would reduce his role further. Reported

PBKS likely playing XI for 2027

This is the side we expect if the Hardik trade goes through. Four overseas players are used.

If the trade falls through, Arshdeep comes back in for Hardik, Dwarshuis drops out and Stoinis or Omarzai takes the all rounder’s place. Vyshak was the joint third leading wicket taker for Punjab last season with nine, so he has earned the Indian seamer’s spot.

Where the PBKS squad is short

Break the 25 players down by role and Punjab look like a batting side that has to find a bowling attack. The top order picks itself, the middle order has Shashank, Wadhera and the all rounders, and the spin is in good hands with Chahal and Brar. The fast bowling is where the depth runs out.

Ferguson is the swing factor. He missed the start of 2026 after the birth of his child, and he has had hamstring and quad trouble in earlier seasons. When he plays, Punjab have real pace. When he does not, the attack leans heavily on Arshdeep, which is exactly why losing Arshdeep would hurt more than the purse sum suggests. Whatever happens with Hardik, an Indian seamer who can bowl in the powerplay and at the death should be Punjab’s first target in Goa.

PBKS retention outlook for 17 November

Punjab have no free squad slots and no free overseas slot. With only Rs 3.50 crore in the bank, releases will decide how active they can be in Goa.

Certain to stay

Iyer, Chahal, Prabhsimran, Priyansh, Shashank, Wadhera, Connolly and Jansen are the core. Prabhsimran was the top scorer in 2026 with 510 runs, and Iyer made 498, including his first IPL hundred, in the season he led an IPL side for the 100th time.

Likely to go

Stoinis is the clearest release. Freeing Rs 11 crore and an overseas slot would give Punjab about Rs 14.50 crore, or around Rs 17 crore if the Hardik trade also goes through. One of Omarzai and Owen is likely to follow, since neither had a big role. Reported prediction

For every team’s likely releases, see our IPL 2027 retained and released players list.

How PBKS’s 2026 season went

Punjab came in as the 2025 runners up and played like it for a month. They won six of their first seven games, with a washout against Kolkata the only blemish, and sat top of the table in late April.

The high point was 25 April in Delhi. KL Rahul made 152 not out and Delhi posted 264 for 2. Punjab chased it with seven balls to spare, with Prabhsimran making 76 and Iyer an unbeaten 71, for the highest successful chase in all T20 cricket. They broke their own record of 262, set against Kolkata in 2024.

Then it fell apart. Punjab lost six games in a row, and by the time they beat Lucknow in their last match it was too late. They finished fifth with 15 points, one place outside the playoffs.

The table shows why the slide happened. The batting was strong all season. Only Arshdeep and Chahal reached ten wickets, and Arshdeep is the man Punjab are now thinking of trading. That is the strongest argument against the deal.

PBKS through the years

Punjab, known as Kings XI Punjab until 2021, are one of three current teams still waiting for a first title. They have reached two finals, eleven years apart.

How the squad has changed since our last update

When we last built this page for 2023, Shikhar Dhawan was captain, Trevor Bayliss was coach and Sam Curran had just become the most expensive player in IPL history at Rs 18.50 crore. Almost all of that group has gone. Arshdeep, Prabhsimran and Harpreet Brar are the main survivors, and Arshdeep may now be on his way too. Iyer and Ponting turned Punjab into a finalist in their first season together, which is why the club is so keen to keep that partnership at the centre of everything it does next.

Coaching staff

Ricky Ponting has been head coach since the 2025 season, when he reunited with Iyer, his captain at Delhi. Ponting has been publicly supportive of Hardik in the past, which is part of why Punjab moved so quickly once Mumbai opened talks. Sairaj Bahutule took over as bowling coach from Sunil Joshi during 2026.

Who owns PBKS

Punjab Kings are owned by KPH Dream Cricket, whose partners are Mohit Burman of the Dabur family, Ness Wadia of the Wadia Group, actor Preity Zinta and Karan Paul of the Apeejay Surrendra Group. The group also runs Saint Lucia Kings in the Caribbean Premier League. For every IPL owner and coach, see our IPL 2027 captains, owners and coaches list.

PBKS 2027 schedule and tickets

The IPL 2027 schedule is not out yet. Punjab’s home games are at the Maharaja Yadavindra Singh International Cricket Stadium in Mullanpur, New Chandigarh. We will add every fixture here and on the Punjab Kings tickets guide once the BCCI releases it. All ten squads are on our IPL 2027 squads page.

PBKS squad 2027 FAQ

Last updated 7 November 2026