New York Rangers acquire forward Jacob Battaglia from the Calgary Flames in exchange for Brennan Othmann; Battaglia, 19, has posted 43 points in 52 OHL games this season and brings leadership experience, while Othmann heads to Calgary.
The Minnesota Wild acquired forward Bobby Brink from the Philadelphia Flyers in exchange for defenseman David Jiricek. Brink, 24, has 26 points in 55 games this season and a career-high 94 NHL points, and will wear No. 10 for Minnesota; Jiricek, 22, has 13 points in 84 career games. The Wild note their upcoming game vs. the Vegas Golden Knights and provide ticket and press-release information.
Chicago Blackhawks acquire defenseman Derrick Pouliot from the New York Rangers in exchange for forward Aidan Thompson; Pouliot brings veteran NHL/AHL experience, while Thompson heads to Rockford.
Dallas Stars acquire forward Michael Bunting from the Nashville Predators in exchange for Seattle’s third-round pick in 2026, and loan Arttu Hyry to the Texas Stars. Bunting, 30, scored 31 points in 61 games this season and brings goal-scoring ability and physicality to Dallas, adding to his seven-year NHL resume.
Colorado Avalanche acquire center Nicolas Roy from the Toronto Maple Leafs in exchange for a conditional first-round pick in 2027 and a conditional fifth-round pick in 2026; Roy, 29, posted 20 points (5G-15A) in 59 games last season and adds size, face-off ability (~53%), and playoff experience (including a 2023 Stanley Cup with Vegas) to bolster the Avs’ depth.
The Vegas Golden Knights acquired forward Nic Dowd from the Washington Capitals in exchange for goaltender Jesper Vikman, a 2027 third-round pick, and a 2029 second-round pick. Dowd, 35, has 16 points in 55 games this season with 2:40 shorthanded time per game (the highest among Capitals forwards and 10th in the NHL) and 113 hits, after spending eight seasons in Washington; he previously posted career highs of 14 goals and 27 points in 2024-25 and has NHL experience with Vancouver and Los Angeles.
Colorado bolsters its center depth by acquiring Nicolas Roy from the Maple Leafs in exchange for a conditional 2027 first-round pick and a conditional 2026 fifth-round pick, with a cap-friendly $3 million salary and Roy likely stepping in as Colorado's No. 3 center and key penalty-killer; Toronto gains draft capital to aid a rebuilding push, including an additional potential unprotected first if the 2027 pick lands in the top 10.
The Vegas Golden Knights acquired center Nic Dowd from the Washington Capitals, sending goaltender Jesper Vikman and a pair of draft picks (2029 second-round, 2027 third-round) to Washington. Dowd, a reliable defensive center with strong penalty-killing ability and a track record of double-digit goals, is under contract for another season at $3 million, adding depth at center and PK stability as Vegas aims for another playoff run. Washington receives Vikman and draft capital, potentially shaping future moves as they evaluate the roster this season.
Colorado traded for defenseman Nick Blankenburg from Nashville in exchange for a 2027 fifth-round pick, adding a fast, versatile blueliner who has contributed on both special teams and can slot in as a depth/7th defenseman behind Colorado’s star-studded back end. The Predators gain draft capital as they continue their rebuild, while the Avalanche bolster depth without sacrificing their core pairing.
Buffalo is finalizing a trade to acquire defenseman Colton Parayko from the St. Louis Blues, sending Radim Mrtka and a first-round pick to St. Louis (Buffalo drafted Mrtka ninth overall in 2025). Parayko, 32, is under a $6.5 million AAV contract through 2030 with a full no-movement clause and must approve the deal. A premier shutdown defender with Olympic pedigree and a key part of the Blues’ 2019 Stanley Cup run, Parayko has 14 points in 58 games this season. The Sabres discussed a Robert Thomas swap earlier; currently they sit two points behind Tampa Bay in the Atlantic Division, with two extra games played, as Buffalo seeks its 14th straight playoff-less year.
The Minnesota Wild acquired 6-foot-6 center Michael McCarron from the Nashville Predators for a 2028 second-round pick, aiming to bolster their fourth line with a physical, penalty-killing presence as Marcus Foligno is week-to-week with an injury and Nico Sturm’s play has drawn scrutiny.
Elliotte Friedman reports Panarin is a hot trade target, but the Capitals want an extension in place before any deal, with a target around $50 million total spread over 3–6 years. Washington is viewed as a legitimate contender, along with San Jose, Carolina, and Detroit, while others are considered unlikely. Rangers could require salary retention. Expect trade activity ahead of the February 4 Olympic roster freeze and March 6 deadline.
The Vegas Golden Knights acquired defenseman Rasmus Andersson from Calgary in exchange for Zach Whitecloud, a 2027 first-round pick, a conditional 2027 second-round pick, and the signing rights to Abram Wiebe. Calgary retains 50% of Andersson’s $4.55M cap hit (effective about $2.275M for Vegas this season); the 2027 first-rounder is top-10 protected, and if Vegas wins the Cup this year the second-round pick upgrades to a 2028 first-rounder. Andersson, 29, is in the final year of his contract and will be UF A this summer, a move that strengthens Vegas’ blue line as Calgary accelerates its rebuild with added draft capital and Whitecloud as a veteran depth option.
The Pittsburgh Penguins traded for defenseman Egor Zamula from the Philadelphia Flyers in exchange for forward Philip Tomasino, with Zamula signed through 2025-26 and having played 13 NHL games this season.
The Philadelphia Flyers traded Egor Zamula to the Pittsburgh Penguins in exchange for forward Philip Tomasino, who will join the Flyers' AHL affiliate. Tomasino, a 24-year-old right winger with NHL experience and a recent strong season with the Penguins, will report to the Lehigh Valley Phantoms. Zamula, who has played for the Flyers since 2020, joins the Penguins organization.