The Detroit Red Wings have more cap space than they've ever had since this system was established in 2005.
Although the club currently holds close to $6 million in available cap space, it will be looking to add to its roster, but not at all costs.
"We got cap space, I'm going to work the phones like I always do over the next six to seven weeks," Red Wings GM Ken Holland told ESPN's Pierre LeBrun. "If there's a fit, we'll do something, but if there isn't, I don't feel the urge to do something for the sake of doing something. I like our team."
Speculation suggests the Wings have interest in Edmonton Oilers forward Ales Hemsky, who is set to become an unrestricted free agent this summer and is one of the likeliest candidates to be dealt prior to the deadline.
Holland could also be looking for a stronger backup to starter Jimmy Howard, and move backup Ty Conklin in the process.