PBKS Full Squad, IPL 2025: Punjab Kings (PBKS) went all in for star India batter Shreyas Iyer, buying the batter Rs 26.75 crore at the IPL 2025 Mega Auction. Iyer thus became the most expensive buy ever in the history of the IPL auction. PBKS were in intense tussle with Delhi Capitals for the signature of the batter. KKR, who had released Iyer before the auction, had also entered the bidding war to buy back the player. PBKS also bought Yuzvendra Chahal for 18 crore, making him the most expensive Indian spinner to be sold in the history of IPL players auction. Earlier, PBKS exercised the Right To Match (RTM) card to buy back pacer Arshdeep Singh for Rs 18 crore.

Full list of players bought at auction:

1. Arshdeep Singh (18 crore; RTM)

2. Shreyas Iyer (Rs 26.75 crore)

3. Yuzvendra Chahal (Rs 18 crore)

4. Marcus Stoinis (Rs 11 crore)

5. Glenn Maxwell (Rs 4.2 crore)

Full list of retained players: Prabhsimran Singh, Shashank Singh 

Full list of released players: Shikhar Dhawan (retired), Jitesh Sharma, Jonny Bairstow, Liam Livingstone, Harpreet Bhatia, Rilee Rossouw, Chris Woakes, Vishwanath Pratap Singh, Ashutosh Sharma, Tanay Thyagarajan, Atharva Taide, Rishi Dhawan, Sam Curran, Sikandar Raza, Shivam Singh, Prince Choudhary, Harpreet Brar, Arshdeep Singh, Kagiso Rabada, Nathan Ellis, Rahul Chahar, Vidwath Kaverappa, Harshal Patel