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Australia's all-formats hero became the most expensive player in the history of the league after attracting the eye-watering bid from Kolkata Knight Riders.
Leg-spinner Shreyas Gopal, who moved over to Kerala from Karnataka this season, was the lone player from the state to be bought in the auction.
Back after an eight-year gap, left-arm quick Starc was in demand as soon as his name was put under the hammer.
The home side had clinched the series with wins in Mohali and Indore, and a third successive defeat could potentially have deflated Australia ahead of their World Cup opener against tournament hosts India on October 8.
Steve Smith, who had a good hit on Wednesday evening, has also recovered from the wrist niggle.
Fast bowling captain Pat Cummins, batsman Steve Smith, left-arm pacer Mitchell Starc and all-rounder Glenn Maxwell were all included despite still recovering from injuries.
Smith is nursing a tendon injury to his left wrist which will keep him sidelined for up to another four weeks. The report added that Starc is experiencing 'groin soreness'.
Starc suffered a shoulder injury late on the second day after landing awkwardly while attempting a diving stop at mid-on.
'Over a hundred years of Test cricket and there's been less than 500 men who have played it for Australia, that in itself makes it very special to be a part of it,' the left-arm pacer told 'The Guardian'.
Ellis, who dismissed Virat Kohli in the second One-Day International, spoke extensively as to how Starc's influence on him has grown over time.