Ben Stokes has signed for Rising Pune Supergiants for £1.7m
The 25-year-old will represent Rising Pune Supergiants after they snapped up the all-rounder in the competition's auction that took place in Bangalore this morning.
It caps off a good week for Stokes, who has been named as England's new Test vice-captain as Joe Root's No 2.
Several of England's stars proved to be hot property as the Indian sides splashed the cash ahead of the tournament, due to take place between April 5 and May 21.
Ben Stokes was recently named as England vice-captain
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England's Twenty20 specialist fast bowler Tymal Mills was sold to Royal Challengers Bangalore for £1.4m.
Eoin Morgan was snapped up by Kings XI Punjab for £240,000, while Chris Woakes fetched around £500,000 and will play for Kolkata Knight Riders.
Jos Buttler was retained by Mumbai Indians as Sam Billings joined up once again with Delhi Daredevils.
Tymal Mills was sold to Royal Challengers Bangalore for £1.4m
Stokes, Mills, and Woakes are all playing in the Twenty20 competitions for the first time.
The trio, along with Stokes, may not be available for the entire tournament due to international commitments as England host Ireland in one day internationals on May 5 and 7.
The all-time record IPL fee stands at £1.9m paid by Delhi Daredevils for India all-rounder Yuvraj Singh two years ago.