Teen sensation Yashasvi Jaiswal is set to make his Indian Premier League debut next season after he was bought by Rajasthan Royals for a stately sum of ₹2.4 crores during the player auction in Kolkata on Thursday.

The youngest to smash a double century in List A cricket in October earlier this year, the 17-year-old was one of three players from T20 Mumbai to be selected to play in the 2020 IPL.

Mumbai Indians initiated the bid for the uncapped Yashasvi Jaiswal, a North Mumbai Panthers star in T20 Mumbai, with Kolkata Knight Riders soon jumping in as a frantic exchange of paddles ensued.

KKR has had Abhishek Nayar on the books as a mentor, the ex-Mumbai cricketer having played against Yashasvi Jaiswal in Season 1 of T20 Mumbai.

Mumbai Indians eventually relented post which Kings XI Punjab jumped in the fray with KKR persisting with the youngster.

Finally, it was Rajasthan Royals who swept up the 17-year-old for ₹2.4 crores, 12 times over his base price, after they went up against the Kolkata franchise.

KKR, though, did manage to bag a Mumbai cricketer but instead of the youngest of the lot from the Indian contingent, they got the 48-year-old Pravin Tambe at base price of ₹20 lakhs. The leg-spinner is set to return to the IPL field since he last played in 2016.

"I still play with a mindset like I am a 20-year-old young," Tambe told the media. "KKR must have seen something in me to have bought me."

In the second round of bidding, Tushar Deshpande found a home at Delhi Capitals uncontested for ₹20 lakhs, joining fellow Mumbaikars Shreyas Iyer and Prithvi Shaw in the team.

As many as 11 cricketers from Mumbai were in the IPL auction list, of which 10 had played in T20 Mumbai.

Five of these cricketers went under the hammer with Shams Mulani and Sujit Nayak not fetching any bids from the floor.

With Yashasvi Jaiswal, Rajasthan Royals will be fielding a T20 Mumbai player for the second straight campaign after they bought Shubham Ranjane and Shashank Singh last year, the latter retained for the 2020 IPL season.