A total of 292 cricketers are set to go under the hammer on Thursday.
Young Kerala opener Mohammed Azharuddeen, who smashed a 37-ball 100 against Mumbai in the Mushtaq Ali Trophy, is also in the fray.
The Royals think tank will be hoping that Sanju can do what Shreyas Iyer has achieved for Delhi Capitals.
Chennai Super Kings retained veteran Suresh Raina, while the explosive Glenn Maxwell and opener Aaron Finch were released by Kings XI Punjab and Royal Challengers Bangalore respectively.
KKR finished the league stage with 14 points from 14 games with a net run-rate of -0.214, which currently puts them in fourth spot in the table.
The IPL did not specify the exact incident for which he was penalised but it is understood the Jamaican was penalised for throwing his bat away in disgust after getting out for 99 against Rajasthan Royals.
The win took Royals to fifth spot with 12 points from 13 games, while KXIP remained in fourth place with 12 points from 13 matches.
The comprehensive win over the defending champions not only kept Royals alive in the tournament, but also eliminated Chennai Super Kings from the play-off race.
Sunrisers moved up to the fifth spot, while Royals were pushed down to seventh.
The Steve Smith-led Royals are placed sixth in the standings with eight points and they have a thin chance of making to the next round. SRH, on the other hand, are a place below them on six points.