IPL 2026: Check Punjab Kings' full squad and players' salary here
Punjab's first pick came in the accelerated round, where they secured Australian batting all-rounder Cooper Connolly for ₹3 crore.
 "IPL 2026: Check Punjab Kings' full squad and players' salary here")
Last season's runners-up, Punjab Kings, entered the IPL 2026 mini-auction with the second-lowest purse of ₹11.50 crore among all ten franchises. As a result, they stayed relatively quiet during the initial bidding rounds. Their first pick came in the accelerated round, where they secured Australian batting all-rounder Cooper Connolly for ₹3 crore.
Connolly, a left-handed batter and slow left-arm orthodox bowler, initially attracted interest from Kolkata Knight Riders, who bid for his base price of ₹2 crore, but PBKS raised the bid and successfully acquired him.
Later in the auction, PBKS further strengthened their squad by purchasing Ben Dwarshuis for ₹4.40 crore.
Under the leadership of Shreyas Iyer, Punjab Kings made a remarkable run in IPL 2025, reaching the final, where they narrowly lost to Royal Challengers Bangalore by six runs. Despite the defeat, the 2025 season was a standout one for PBKS, as they advanced to the playoffs and the final for the first time in 11 years. Heading into the IPL 2026 auction, PBKS made minimal changes, retaining the majority of their roster. The biggest release was Australian all-rounder Glenn Maxwell, who struggled in 2025 and was sidelined due to injury. Australian wicketkeeper-batter Josh Inglis was also released.
| Players bought by PBKS in IPL 2026 Auction | ||||
| Sr. No. | Player | Base Price | Winning Bid | Capped/Uncapped |
| 1 | Ben Dwarshuis | ₹1,00,00,000.00 | ₹4,40,00,000.00 | Capped |
| 2 | Cooper Connolly | ₹2,00,00,000.00 | ₹3,00,00,000.00 | Capped |
| 3 | Vishal Nishad | ₹30,00,000.00 | ₹30,00,000.00 | Uncapped |
| 4 | Pravin Dubey | ₹30,00,000.00 | ₹30,00,000.00 | Uncapped |
| Players retained by Punjab Kings | |||
| Player | Type | Base Price (INR Cr) | Sold Price (INR Cr) |
| Shreyas Iyer | BAT | 2 | 26.75 |
| Arshdeep Singh | BOWL | 2 | 18 |
| Yuzvendra Chahal | BOWL | 2 | 18 |
| Marcus Stoinis | AR | 2 | 11 |
| Marco Jansen | AR | 1.25 | 7 |
| Shashank Singh | AR | - | 5.5 |
| Nehal Wadhera | BAT | 0.3 | 4.2 |
| Prabhsimran Singh | BAT | - | 4 |
| Priyansh Arya | AR | 0.3 | 3.8 |
| Azmatullah Omarzai | AR | 1.5 | 2.4 |
| Lockie Ferguson | BOWL | 2 | 2 |
| Vijaykumar Vyshak | BOWL | 0.3 | 1.8 |
| Yash Thakur | BOWL | 0.4 | 1.6 |
| Harpreet Brar | AR | 0.3 | 1.5 |
| Vishnu Vinod | BAT | 0.3 | 0.95 |
| Xavier Bartlett | BOWL | 0.75 | 0.8 |
| Suryansh Shedge | AR | 0.3 | 0.3 |
| Pyla Avinash | BAT | 0.3 | 0.3 |
| Musheer Khan | AR | 0.3 | 0.3 |
| Harnoor Singh | BAT | 0.3 | 0.3 |