The native of Trail, British Columbia, has two-years left on his contract with an annual salary cap hit of $5.5 million, though he's scheduled to earn $4 million next season and $3 million in 2014-15.
In 796 career NHL regular-season games, all with the Oilers, Horcoff has accumulated 162 goals and 285 assists for 447 points, and 511 penalty minutes.
Horcoff was originally drafted by the Oilers in the fourth-round (99th overall) of the 1998 NHL Entry Draft.
Larsen, 23, tallied two goals, three assists and 18 penalty minutes in 32 games with the Stars this past season.
Drafted by the Stars in the fifth-round (149th overall) in 2008, the native of Esbjerg, Denmark, has played in 95 career regular-season games, all with Dallas, and has accumulated five goals and 14 assists for 19 points, with 34 penalty minutes.