But after going on a wild run over the last 15 games, it appears the Blue Jackets are neither clear buyers nor sellers.
"Buyers, sellers ... I don't like either one of those terms," Blue Jackets president of hockey operations John Davidson told the Columbus Dispatch.
"I know the deadline is Wednesday, but we're not under any pressure to make any deals.
"We're going to do what's right for the Columbus Blue Jackets, what makes our team better from this day forward."
Blue Jackets GM Jarmo Kekalainen could both move a player or two out of town, and bring in a few assets before Wednesday's 3pm ET deadline.
It has been widely reported that the team is willing to part with R.J. Umberger, while the Dispatch suggests Vinny Prospal could be dealt to a Stanley Cup contender.
Prospal, however, has a no-movement clause and was hoping to join the organization's front office after his career ended.
Blue Jackets center Derick Brassard has seen his name in trade rumors over the last two seasons, and teams continue to call about his services, while veteran blueliner Adrian Aucoin could be dealt, the Dispatch suggests.
Kekalainen would like to add a top-six scorer up front before the deadline, but not a rental player, and has the assets -- draft picks and prospects -- available for players with multiple years left on his contracts.
The Dispatch suggests goalie Steve Mason could also be on the move. He was shopped last season, and the Philadelphia Flyers showed interest, but it's unclear if anything is close at this point.
Meanwhile, Mark Letestu's agent told TFP Editor-in-Chief David Pagnotta yesterday afternoon that negotiations on a contract extension with the Blue Jackets are ongoing.
Letestu is expected to sign a new deal before the deadline.