The New York Rangers have made the significant decision to hold out star winger Artemi Panarin from the lineup until the NHL's Olympic roster freeze on February 4th, signaling an intensification of trade discussions surrounding the pending unrestricted free agent. The move, framed as "roster management reasons" by the team, strongly suggests that a trade is likely, with the organization wanting to protect Panarin from potential injury during the negotiation period.

Panarin, 34, has been a key offensive contributor for the Rangers, amassing 19 goals and 57 points in 52 games this season. Since joining the team in the 2019-20 season, he has recorded 205 goals and 607 points in 482 games, solidifying his place as one of the Rangers' premier offensive talents. Despite his consistent performance, the Rangers appear ready to move on, potentially seeking to acquire valuable assets in return for the veteran forward.

Several teams have reportedly expressed interest in acquiring Panarin, including the San Jose Sharks, Los Angeles Kings, and Anaheim Ducks. The Sharks have emerged as a particularly intriguing suitor, with reports indicating that Panarin would be willing to sign a contract extension with San Jose. Sheng Peng of San Jose Hockey Now reported the Sharks' interest and Panarin's openness to an extension. This is significant because Panarin possesses a no-movement clause in his contract, granting him considerable control over his destination. A contract extension could be a key factor in persuading Panarin to waive this clause and approve a trade.

While most believe Panarin would prefer to remain on the East Coast, the California teams, including the Sharks, are rumored destinations. The Sharks, with rising stars like Macklin Celebrini and Will Smith, could be an attractive option for Panarin, especially if a contract extension is part of the deal. The Rangers will likely seek a substantial return for Panarin, potentially including a first-round pick and a top prospect. If Panarin agrees to an extension, the Rangers will likely push for young talent in return.

The Rangers' decision to hold Panarin out of the lineup underscores the seriousness of the trade talks. According to ESPN's Emily Kaplan, Panarin is being held out to avoid injury. Chris Johnston from TSN and The Athletic adds that Panarin is seeking a contract extension as part of any trade approval. With the Olympic roster freeze approaching, the pressure is on for the Rangers to finalize a deal. It remains to be seen where Panarin will land, but his departure from New York seems increasingly inevitable.

If a trade does not materialize before the deadline, there is a possibility that Panarin could be kept off the ice for over a month.