Mumbai Indians (MI) pacer Arjun Tendulkar is all set to join Lucknow Super Giants (LSG) in a swap deal ahead of the IPL 2026 auction, with Shardul Thakur moving to MI, Cricbuzz reported on Wednesday (November 12).

This might be just the second-biggest trade this season, with the Ravindra Jadeja-Sanju Samson deal dominating the headlines these days.

According to the report, both Shardul and Arjun could be on the move, though their transfers might be treated as all-cash deal instead of an IPL trade.

As per the IPL trade regulations, any player exchange must be officially announced but the two involved franchises have maintained silent for now.

The report claims that a swap deal remains a strong possibility, with an announcement expected within the next two days, likely alongside the player retention and release list on Saturday (November 15).

Thakur, currently leading Mumbai in domestic cricket, was roped in by LSG for his base price of Rs 2 crore ahead of last season after going unsold at the IPL 2025 mega auction in Jeddah.

Thakur turned up in 10 matches for LSG, contributing modestly with the bat (18 runs) but impressing with the ball, claiming 13 wickets. He was operated with the new ball in quite a few games and proved effective in that role.

On the other hand, Arjun Tendulkar has been part of the MI setup since the 2021 IPL season. He was first bought by the franchise in the 2021 auction for his base price of Rs 20 lakh. He has played in a total of five IPL matches so far, scoring 13 runs and taking three wickets.

It remains unclear which team initiated the move, but the report suggests that discussions are underway. Two years ago, Arjun shifted his base from Mumbai to Goa in domestic cricket and has since played 21 first-class games.

(With Cricbuzz Inputs)