As the 2025-26 NHL season approaches, the Pittsburgh Penguins find themselves at a crossroads, with potential trades looming that could significantly reshape the team's future. After missing the playoffs for three consecutive seasons, and with an aging core, General Manager Kyle Dubas may be considering moves to inject youth and flexibility into the roster. While some view this as a rebuild, the Penguins may be aiming for a quicker turnaround, potentially leveraging their veteran assets to acquire valuable draft picks and prospects.

Several players have been mentioned as potential trade candidates, with varying degrees of likelihood and potential impact.

Erik Karlsson: The veteran defenseman's name has been circulating in trade rumors. Despite his offensive contributions, his hefty $11.5 million cap hit could be an obstacle. However, if the Penguins are willing to retain a portion of his salary, a trade could be feasible, especially for teams seeking to upgrade their top-four defense and power play. The Penguins' acquisition of right-shot defensemen Matt Dumba and Connor Clifton further suggests that Karlsson could be on the move.

Bryan Rust: Coming off a career-best season, Rust's value is high. With a reasonable $5.125 million cap hit and no trade protection, he could be an attractive option for teams seeking a versatile winger with scoring ability. Rust's importance to the Penguins could also make them hesitant to trade him as they continue their retooling efforts.

Rickard Rakell: Rakell is another Penguin coming off a career year, increasing his trade value. His $5 million cap hit is affordable through the 2027-28 season, and his ability to play both wings makes him a versatile asset. Like Rust, Rakell's offensive contributions could be appealing to teams looking to bolster their top-six forwards and power play.

Other Potential Trade Candidates: Several other Penguins players who are entering the final year of their contracts in 2025-26 may also be on the trading block. These include Noel Acciari, Kevin Hayes, Danton Heinen, Blake Lizotte, Vladislav Kolyachonok, and Alex Nedeljkovic. Dubas may prefer to trade Acciari, Hayes, and Nedeljkovic rather than risk losing them for nothing as free agents. Moving Nedeljkovic could pave the way for prospect Joel Blomqvist to take on a full-time NHL role.

Potential Trade Partners: Several teams could be potential trade partners for the Penguins, depending on their needs and the assets they are willing to offer. Teams looking to add offensive firepower could target Rust or Rakell, while teams seeking defensive upgrades could inquire about Karlsson. Teams in need of depth players or goaltending could also express interest in the Penguins' other potential trade candidates.

The Penguins' direction for the 2025-26 season remains uncertain. Whether they opt for a full-scale rebuild or a retooling effort, trades are likely to play a significant role in shaping the team's future. By capitalizing on their valuable assets, the Penguins can acquire draft picks and prospects to build a younger, more competitive team.