TL;DR
- Mumbai Indians (MI) reached the IPL 2025 playoffs after a slow start to the season.
- MI acquired Shardul Thakur from LSG and traded Arjun Tendulkar to LSG.
- MI is expected to retain most of their current squad for the IPL 2026 season.
- Rumours suggest MI might trade for Sherfane Rutherford, Mayank Markande, and Ishan Kishan.
Mumbai Indians (MI) made it to the Indian Premier League (IPL) 2025 playoffs despite lingering at the bottom of the points table for the initial stages of the season. It was only the franchise's second final four finish since 2020.
With a solid foundation, the team captained by Hardik Pandya is unlikely to see major squad alterations for the upcoming season, aside from rectifying a few obvious problems.
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Ahead of the mini-auction, we take a look at the list of players retained, released and rumoured to be traded with MI involved.
MI offloads players pre-IPL 2026 auction
MI's squad has remained largely unchanged, having only competed for one season together.
MI announced earlier this week that they've acquired Shardul Thakur from LSG, with Arjun Tendulkar joining the Lucknow franchise.
The question is: Which MI players will be released for the IPL 2026 auction?
- Mujeeb-ur-Rahman
- Lizaad Williams
- Bevon Jacobs
- Satyanarayana Raju
- Karn Sharma
- Reece Topley
- KL Sreeejith
- Arjun Tendulkar
- Vignesh Puthur
MI kept players before the IPL 2026 mini-auction
The Mumbai-based franchise will retain most of the players in the squad, with no glaring issues to address.
With a couple of impactful performances as a replacement opening batter and wicketkeeper from Jonny Bairstow, it could be a tricky situation to see whether they retain both Jonny Bairstow and Ryan Rickleton for the next season.
MORE: IPL 2026: How does a player trade work?
Which Mumbai Indians players are likely to be kept for the 2026 IPL season?
- Hardik Pandya (c)
- Rohit Sharma
- Surya Kumar Yadav
- Tilak Varma
- Ryan Rickleton (wk)
- Robin Minz (wk)
- Naman Dhir
- Mitchell Santner
- Will Jacks
- Corbin Bosch
- Raj Angad Bawa
- Allah Ghazanfar
- Jasprit Bumrah
- Trent Boult
- Ashwani Kumar
MI trade rumours before the IPL 2026 mini-auction
Sherfane Rutherford to MI:
MI have confirmed the arrival of Sherfane Rutherford from GT ahead of the IPL 2026 section.
Shardul Thakur to MI:
The LSG all-rounder, brought in as an injury replacement last season, is slated to join his hometown franchise before the 2026 season.
The teams have officially confirmed an all-cash deal for 2 crore.
Arjun Tendulkar to LSG:
LSG will acquire Tendulkar for the upcoming season, following a trade involving an all-cash transaction between the franchises.
Both Shardul Thakur and Arjun Tendulkar's deals have been treated separately by the franchises.
Mayank Markande to MI:
Markande will return to the MI camp once again, as they bag his services from the Kolkata Knight Riders for 30 L.
He has previously played for them in 2018-19 and 2022.
Ishan Kishan to MI:
MI were also been linked to make a move for Ishan Kishan from the Sunrisers Hyderabad, as they lack an experienced Indian wicketkeeper who can also bat in the top order in the squad.
Kishan's potential trade might involve players or be a straight cash transaction between the clubs. If he's included, it would grant them the flexibility to experiment with different team lineups.
MI current squad:
The team captained by Pandya used 119.80 crore during the previous year's major auction, with just 0.20 crore remaining in their funds.
Below is Mumbai Indians squad:
- Hardik Pandya (c)
- Rohit Sharma
- Surya Kumar Yadav
- Tilak Varma
- Ryan Rickleton (wk)
- Robin Minz (wk)
- Naman Dhir
- Mitchell Santner
- Raj Angad Bawa
- Allah Ghazanfar
- Jasprit Bumrah
- Trent Boult
- Deepak Chahar
- Reece Topley
- Ashwani Kumar
- Raghu Sharma
- Shardul Thakur
- Sherfane Rutherford
- Mayank Markande
- Will Jacks
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