The veteran winger, who has a long history of playing for Canada in international tournaments, has been practicing Western Hockey League's Edmonton Oil Kings as he opted not to travel to Europe to find work during the lockout.
Several NHL players, who headed overseas to join different hockey clubs, would also be on hand to participate in the Spengler Cup while waiting for an agreement to be reached after 88 days of lockout.
Smyth, who struggled in the second half of last season, is trying to find some positive in a potential shortened season, though he feels everyone would play intensely while adopting more defensive styles.
"I think it would be easier on an older player, playing defensively," he told the Journal. "Not as much skating, but I've been blessed to have the skating ability to keep up to the youth that's come in. A more sit back style, more trapping, I think that works in the older players.
"A shorter season means fewer games, but the intensity would definitely be there because you're playing every second night."
In 82 games with the Oilers last season, Smyth collected 19 goals and 27 assists for 46 points.