KXIP, who had the maximum money going into the auction, also spent big on England all-rounder Sam Curran, buying him for Rs 7.2 crore, the most for an overseas player on Tuesday.
The 37-year-old, who last played for India in June 2017, has put himself in the Rs 1 crore base price bracket.
The Punjab-born player has never given up a single time in his career and has fought his way back from every slump, be it poor form or even cancer.
Yuvraj and Gambhir are two of the best left-handers the country has ever produced and were the pioneers behind the 2007 T20 World Cup and 2011 World Cup glories.
Following Gambhir's retirement and the emergence of the young talent it is keeping some senior players on their toes, who are out of the national side.
Yuvraj's return is a boost for Punjab, who conceded first innings lead in their first two matches against Andhra and Madhya Pradesh.
It was a decision, perhaps the most important one the 2011 World Cup final, which changed the course of Indian cricket.
Yuvraj Singh, who managed just 65 runs at a poor average of 10.38 in the eight games last season, was bought at his base price of Rs 2 crore in the previous auction.
Why did Angad Bedi and Neha Dhupia's hush-hush wedding upset best friend Yuvraj Singh?
Kohli said after accepting the award that it gives him the confidence to score runs as captain but stated that he never plays for awards.
Gambhir also tagged Harbhajan Singh, Yuvraj Singh and Sachin Tendulkar in the post.
The left-hander took to Twitter to argue that it was due to the NCA that he was able to bounce back after life-threatening cancer.
Praful Patel’s daughter Poorna Patel got engaged to businessman Namit Sonir earlier this year.
Sourav Ganguly took off his shirt and twirled it around while celebrating India's victory. The victory is still regarded as one of the most memorable Indian wins abroad.
Yuvraj provided his expert comments on his teammates' football skills as he talks about how skipper Kohli, Rohit Sharma, Hardik Pandya and Jasprit Bumrah are when it comes to football.
Along with Tendulkar, Harbhajan and Yuvraj Singh also reminisced old memories by sharing a few throwback pictures. Take a look.
During a web series named 'Bhajji Blast', off-spinner Harbhajan Singh hosted Australian all-rounder and Chennai Super Kings teammate Shane Watson for a candid conversation.
The emergence of the young talent is keeping some senior players on toes, who are out of the national side from past few years and desperately seeking a return.
RCB management shocked everyone when they retained uncapped batsman Sarfaraz Khan over explosive hitters Chris Gayle and KL Rahul, but his performance was not up to the mark this season.
Yuvraj Singh (14 off 14 balls), who was promoted up the batting order, once again failed to fire.
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