It's unknown which team nearly acquired the 34-year-old native of Sherbrooke, Quebec.
In 61 games with the Oilers this season, Belanger has registered three goals and 10 assists for 13 points.
The Oilers did pull the trigger on one deal, though, sending defenseman Tom Gilbert to the Minnesota Wild for rearguard Nick Schultz.
Offers also came in for the likes of Sam Gagner and Nikolai Khabublin, but Tambellini opted against moving them.