Lahore Qalandars selected AB de Villiers as first pick in the Pakistan Super League draft and Steve Smith was snapped up by a yet-to-be-named franchise on Tuesday.
De Villiers was the prized selection as a 'Platinum' player for a tournament which gets under way in February.
Mohammad Hafeez, Carlos Brathwaite and Yasir Shah will be among the former South Africa captain's Qalandars team-mates.
Banned ex-Australia skipper Smith was recruited by a 'sixth team' - formerly Multan Sultans - to play alongside the likes of Mohammad Abbas, Shahid Afridi and Shoaib Malik.
Defending champions Islamabad United brought in former England batsman Ian Bell and secured a return for his compatriot Samit Patel.
Kieron Pollard will play for Peshawar Zalmi, while fellow West Indies all-rounder Dwayne Bravo was picked by Quetta Gladiators.