Kings XI Punjab (KXIP) on Thursday (November 7) traded Ravichandran Ashwin to Delhi Capitals (DC) for Rs. 1.5 crore and left-arm spinner Jagadeesha Suchith, finally putting all speculations to rest over the future of the off-spinner in IPL.

KXIP had also asked for New Zealand pacer Trent Boult as part of the trade-off but that deal could not go through.

"Everyone is happy with this deal. We are happy, Ashwin is happy and Delhi is happy. We were in talks with three teams but have finally come to this conclusion. We wish Ashwin the very best," KXIP co-owner Ness Wadia told PTI.

Ashwin will be paid Rs. 7.6 crore, his auction value by Delhi Capitals. A formal announcement is expected before the trading window closes on November 14.

KL Rahul is now expected to lead KXIP while Ashwin might be seen playing under the leadership of Shreyas Iyer for DC, who has done well as captain for the franchise.

(With PTI inputs)