Ahead of the draft, each team was allowed to sign one overseas player on a multi-year contract. The likes of Smriti Mandhana, Hayley Matthews, Marizanne Kapp, Sam Billings, Ollie Pope, and Finn Allen have already been signed up through this allowance. Find the full list of squads before the draft right here.

In the Women's Big Bash League, the Adelaide Strikers will be aiming to become the first side to win three titles, with their first two coming in the last two seasons. On the men's side, the Perth Scorchers will be looking for a record sixth title, having missed out on the chance to win three in a row last season.

Several players in the draft are also available to be retained by their most recent franchise. Get the latest updates on drafted players in the following list.

Last updated at 1:00pm IST

Adelaide Strikers

Women's team

Laura Wolvaardt (retained), Smriti Mandhana (pre-signed), Orla Prendergast

Men's team

Jamie Overton, Ollie Pope (pre-signed), Fabian Allen

Brisbane Heat

Women's team

Jemimah Rodrigues, Shikha Pandey, Nadine de Klerk (pre-signed)

Men's team

Colin Munro (pre-signed), Paul Walter, Tom Alsop

Hobart Hurricanes

Women's team

Danni Wyatt, Chloe Tryon, Lizelle Lee (pre-signed)

Men's team

Shai Hope, Chris Jordan (pre-signed), Rishad Hossain

Melbourne Renegades

Women's team

Deandra Dottin, Hayley Matthews (pre-signed), Alice Capsey

Men's team

Laurie Evans, Jacob Bethell, Tim Seifert (pre-signed)

Melbourne Stars

Women's team

Deepti Sharma, Marizanne Kapp (pre-signed), Yastika Bhatia

Men's team

Ben Duckett, Tom Curran (pre-signed), Usama Mir

Perth Scorchers

Women's team

Sophie Devine (pre-signed), Amy Jones (retained), Dayalan Hemalatha

Men's team

Finn Allen (pre-signed), Matthew Hurst, Keaton Jennings

Sydney Sixers

Women's team

Sophie Ecclestone (retained), Amelia Kerr (pre-signed), Hollie Armitage

Men's team

James Vince (retained), Akeal Hosein (pre-signed), Jafer Chohan

Syndey Thunder

Women's team

Heather Knight (retained), Shabnim Ismail, Chamari Athapaththu (pre-signed), Georgia Adams

Men's team

Lockie Ferguson, Sam Billings (pre-signed), Sherfane Rutherford

Follow Wisden for all cricket updates, including live scores, match stats, quizzes and more. Stay up to date with the latest cricket news, player updates, team standings, match highlights, video analysis and live match odds.