IPL 2027: CSK get Livingstone and Edwards, SRH get Khaleel and Ellis

Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH) have completed a four-player swap ahead of IPL 2027. Liam Livingstone and Jack Edwards move to Chennai. Khaleel Ahmed and Nathan Ellis go the other way to Hyderabad. The deal was announced on 5 November, 12 days before teams must submit their retention lists.

The deal at a glance

To CSK, from SRH:

Liam Livingstone: ₹6 crore (was ₹13 crore)
Jack Edwards: ₹3 crore

To SRH, from CSK:

Khaleel Ahmed: ₹4.8 crore
Nathan Ellis: ₹2 crore

Livingstone at less than half the price

The headline number is Livingstone's fee. SRH paid ₹13 crore for the England allrounder at the 2026 auction. He joins CSK for ₹6 crore, a cut of more than half. The other three players move on their existing fees.

Livingstone is one of the most experienced T20 players in the world, with more than 8,500 runs and 171 wickets in 370 matches. He hits hard through the middle overs and bowls both off-spin and leg-spin. That second skill could matter in Chennai, where slower bowlers often get help from the pitch.

Edwards gets a second chance at an IPL debut

Edwards was the only uncapped overseas player bought at the 2026 auction, when SRH outbid CSK for him. A foot injury then ruled him out of the whole season, so he has yet to play an IPL match. A lot has changed since. He has made his ODI and T20I debuts for Australia, and took five wickets in only his second ODI, against South Africa in Johannesburg. He also plays for Sydney Sixers in the Big Bash League and has toured India with Australia A, so the conditions will not be new to him.

What SRH get: two seamers

Khaleel goes back to a franchise he knows well, having played for SRH from 2018 to 2021. He played five games for CSK in 2026 before a quadriceps injury ended his season. At SRH he joins another left-arm seamer, T Natarajan, who came back from Delhi Capitals in a trade last month. That gives Hyderabad two left-armers to share the new ball and the death overs.

Ellis has had little luck in yellow. Injury kept him out of the 2026 season and he leaves CSK with one game in two years. He played for Sunrisers Leeds, SRH's sister team in the Hundred, this summer, so the move keeps him within the same group.

Who replaces Khaleel at CSK?

Without Khaleel, CSK will lean on Mukesh Choudhary, a left-arm swing bowler who has done his best work in the powerplay, and Gurjapneet Singh, who is now in contention for India A. Both will need to step up as the main left-arm quicks.

What it means for your fantasy team

Livingstone is an allrounder pick at CSK. Players who bat in the top six and bowl a few overs score points both ways. If CSK use him as a regular spin option at Chepauk, he becomes a strong choice there.
Edwards is one to watch. Seam-bowling allrounders who bat in the lower order can pay off cheaply, but he has no IPL record yet. See where he bats in the first few games before you rely on him.
SRH's left-arm pair. Khaleel and Natarajan could share the powerplay and the death overs, when batters take the most risks. Picking one of them in SRH games could become a common choice.
Ellis depends on fitness. He has been injured for most of the last two seasons, so check that he is in the playing XI before the toss.

Key dates

17 November: deadline for teams to submit their retained and released players. It was moved back two days from 15 November, the day of the fifth India–New Zealand ODI.
16 December: IPL 2027 mini-auction in Goa.

More trades may follow before the deadline. Follow Fantasy11 for updates as the squads take shape.