The Pittsburgh Penguins have a pending deal involving Mark Recchi going to the Carolina Hurricanes in exchange for Niklas Nordgren, Krystofer Kolanos and a second-round pick in 2007.
Recchi must officially waive his no-trade clause for the deal to go through, but that is expected to happen before the deadline.
Recchi signed a three-year contract with the Penguins in 2004, returning to the city where he started his pro career.
The 38 year-old veteran ranks second on the Penguins with 57 points in 63 games. He's also struggled, like many in Pittsburgh this season, with a team -worst minus-28 rating.
With Hurricanes winger Erik Cole suffering a season-ending neck injury, Recchi figures to move into a prominent role up front with the Hurricanes, potentially joining Eric Staal and Cory Stillman on the team's top line.
The Pittsburgh Tribune-Review has reported that Recchi's contract status is actually quite desirable for next season because it features a two-way option: The team holding Recchi's rights could retain him by agreeing to pay him $2,228,000, and Recchi could trigger the option by agreeing to play for $760,000.
Recchi led Philadelphia in goals, assists and points in 2003-04, helping the Flyers reach the Eastern Conference Final.
He scored 20 goals or more in each of his last six NHL seasons.
Recchi won a Stanley Cup with the Penguins in 1991. He was later traded to the Flyers and played for the Canadiens from 1995 to 1999, before being traded back to Philadelphia.