IPL 2027: Livingstone, Edwards join CSK in massive four-player SRH trade
Synopsis
CSK and SRH have pulled off one of the IPL 2027 trading window's biggest deals — a four-player swap that sends Liam Livingstone and Jack Edwards to Chennai while Khaleel Ahmed and Nathan Ellis head to Hyderabad. The standout detail: Livingstone, bought by SRH for ₹13 crore, moves to CSK at just ₹6 crore — a steep markdown that reflects his difficult 2026 campaign.
Key Takeaways
Liam Livingstone and Jack Edwards join CSK in a four-player trade with SRH during the IPL 2027 trading window.
Livingstone moves to CSK at ₹6 crore — less than half his SRH purchase price of ₹13 crore — after scoring only 15 runs in two IPL 2026 matches.
Edwards joins CSK on his existing fee of ₹3 crore ; a foot injury had kept him out of IPL 2026 entirely.
Khaleel Ahmed returns to SRH — where he played from 2018 to 2021 — on a fee of ₹4.8 crore , after taking 15 wickets in 14 matches for CSK in IPL 2025.
Nathan Ellis joins SRH at ₹2 crore ; the Australian pacer missed IPL 2026 with a hamstring injury and is known for his death-overs skills.
The deal follows other major window moves, including Rishabh Pant returning to Delhi Capitals in exchange for Kuldeep Yadav .
Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH) have completed one of the most significant deals of the IPL 2027 trading window, with a four-player exchange reshaping both squads ahead of the upcoming season. England all-rounder Liam Livingstone and Australia all-rounder Jack Edwards move to CSK, while India left-arm pacer Khaleel Ahmed and Australia death-overs specialist Nathan Ellis head to SRH.
The Headline Move: Livingstone at Half His SRH Price
The centrepiece of the deal is Livingstone, who was originally acquired by SRH for ₹13 crore. According to an official tournament statement, he joins CSK at less than half that valuation — just ₹6 crore. The England all-rounder endured a forgettable IPL 2026, managing only 15 runs across two appearances before losing his place in the playing eleven entirely.
Edwards follows him to Chennai on his existing fee of ₹3 crore. The Australian all-rounder was picked up by SRH before making his international debut, but a foot injury ruled him out of IPL 2026 altogether, leaving his T20 potential at the franchise level largely untested.
SRH Welcome Back Khaleel, Add Ellis
Khaleel Ahmed returns to Hyderabad on his current fee of ₹4.8 crore, reuniting with a franchise he represented from 2018 to 2021. His comeback is well-merited on recent form: Khaleel was among CSK's most dependable bowlers in IPL 2025, claiming 15 wickets in 14 matches. His 2026 campaign, however, was cut short after just five games following a right hamstring injury that required surgery.
Completing the deal, Ellis joins SRH on his existing fee of ₹2 crore. The right-arm Australian pacer missed IPL 2026 after aggravating an old hamstring injury. Known for his sharp variations and composure at the death, Ellis gives SRH an additional experienced T20 option. Notably, he featured for the Sunrisers Leeds in this year's The Hundred competition in England — a connection that makes his move to Hyderabad feel like a franchise reunion of sorts.
What Each Side Gains
For CSK, the trade adds two overseas all-rounders who can contribute with both bat and ball, providing tactical flexibility in the middle overs. The low acquisition cost for Livingstone, in particular, represents a calculated gamble on a player with proven T20 credentials globally despite his quiet 2026 season.
SRH, meanwhile, shore up their pace attack with contrasting profiles: Khaleel brings left-arm swing and experience in Indian conditions, while Ellis adds death-bowling expertise and international T20 pedigree. The move addresses a specific bowling-combination need rather than being a wholesale strategic overhaul.
Trading Window Context
This CSK-SRH deal follows several other high-profile moves in the ongoing window. Delhi Capitals brought back former captain Rishabh Pant from Lucknow Super Giants in exchange for left-arm wrist-spinner Kuldeep Yadav. Delhi also returned left-arm pacer T Natarajan to SRH, receiving leg-spinner Zeeshan Ansari in return — indicating SRH have been particularly active in this cycle of trades.
With the trading window still open, further franchise reshuffles before IPL 2027 remain possible.
Point of View
Chennai have bought a ₹13-crore resource for half-price. SRH's calculation is equally clear-eyed: Khaleel's 15 wickets in IPL 2025 show he is back to full potency when fit, and Ellis fills the death-bowling gap without franchise risk. The bigger picture, though, is how injury-scarred the IPL trade market has become — three of the four players in this deal have recent serious injury histories, and both franchises are essentially betting on fitness as much as skill.
NationPress
5 Nov 2026
Frequently Asked Questions
What is the CSK-SRH trade in the IPL 2027 trading window?
Chennai Super Kings and Sunrisers Hyderabad have swapped four players: Liam Livingstone and Jack Edwards move to CSK, while Khaleel Ahmed and Nathan Ellis join SRH. It is one of the largest trades of the IPL 2027 window.
Why did Liam Livingstone move to CSK at a lower price?
Livingstone, originally bought by SRH for ₹13 crore, joins CSK at just ₹6 crore — less than half his purchase price. His IPL 2026 campaign was underwhelming, with only 15 runs across two matches before he was dropped from the playing eleven.
Who is Khaleel Ahmed and why is his SRH move significant?
Khaleel Ahmed is an India left-arm fast bowler who previously represented SRH from 2018 to 2021. He returns to Hyderabad on ₹4.8 crore after being one of CSK's top bowlers in IPL 2025, though a right hamstring surgery cut his 2026 season short.
Why is Nathan Ellis joining SRH?
Nathan Ellis, an Australian right-arm pacer known for his death-overs variations, joins SRH at ₹2 crore after missing IPL 2026 with a hamstring injury. His addition gives Hyderabad an experienced T20 bowling option, particularly in the final overs.
What other major trades have happened in the IPL 2027 trading window?
Delhi Capitals brought back Rishabh Pant from Lucknow Super Giants in exchange for Kuldeep Yadav. Delhi also traded T Natarajan back to SRH, receiving leg-spinner Zeeshan Ansari in return, making SRH one of the most active franchises in the current window.
