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The Pakistan Super League (PSL) ushered in a significant transformation by replacing its traditional draft system with a full-fledged player auction.

Similar to the Indian Premier League (IPL)’s model, franchises now secure talent through competitive bidding, marking a strategic shift in how squads are assembled.

For the 2026 season, each team entered the auction with an initial purse of PKR 45 crore, which translates to approximately USD 1.6 million or Rs 14.60 crore.

With that said, here's a look at all players sold so far in the PSL 2026 Auction and which franchise they went to.

PSL Auction: All Sold Players

Islamabad United - Faheem Ashraf (PKR 8.50 crore), 

Karachi Kings - David Warner (PKR 2.56 crore), Azam Khan (PKR 3.65 crore)

Quetta Gladiators - Rilee Rossouw (PKR 5.55 crore)

Sialkot Stallionz - Jahanzaib Sultan (PKR 60 lakh), Sahibzada Farhan (PKR 5.70 crore), 

Rawalpindi - Naseem Shah (PKR 8.56 crore), Rishad Hossain (PKR 3 crore)

Lahore Qalandars - Haris Rauf (PKR 7.60 crore)

Hyderabad Houston Kingsmen - Mohammad Ali (PKR 2.15 crore)

Notably, PSL franchises also have the option to stretch their budget to PKR 50.5 crore if they directly signed one overseas cricketer who did not participate in the previous edition.

Here are the Direct Overseas Signings in PSL 2026:

Devon Conway (Islamabad United), Moeen Ali (Karachi Kings), Mustafizur Rahman (Lahore Qalandars), Spencer Johnson (Quetta Gladiators), Steve Smith (Sialkot Stallionz), Marnus Labuschagne (Hyderabad Houston Kingsmen) 

Players acquired at the auction were awarded two-year contracts to promote long-term planning and squad stability. 

All six existing teams, Islamabad United, Karachi Kings, Lahore Qalandars, Multan Sultans, Peshawar Zalmi and Quetta Gladiators, were joined by two new franchises from Hyderabad and Sialkot, expanding the league to eight sides.

PSL 2026 is scheduled to take place from March 26 onwards, running through May 3.