"I'm going to Edmonton on Thursday to watch a couple games. Obviously a lot of questions, and I want to have some answers," Larionov said.
Over the weekend, Oilers head coach Dallas Eakins told the media the team wasn't shopping Yakupov, despite reports suggesting otherwise. A number of teams have also called to inquire about the 20-year-old's availability with GM Craig MacTavish.
"I asked Craig, I said, 'If you guys [are] not happy with him or you have no room for him ... we're willing to make a move. Any team,' " Larionov said. "That happens and that's part of life. Let's move on."
Yakupov sat out of two consecutive games, as a healthy scratch, last month, and his ice time has been fairly limited this season.
In 17 games, thus far, Yakupov has tallied two goals, two assists and a team-worst minus-14 rating.
"Let the kid play, enjoy the game," Larionov said. "He's a hard-working kid. He's not lazy. He's got to be part of that team. You have to understand he's only 20 years old, he needs some support. He's a goal-scorer. You've got to understand that and let the kid develop and play."
MacTavish is looking to acquire a top-tier defenseman, though it's unclear if any are available for a package that does not include the likes of Yakupov.
The Oilers are also dangling veteran right wing Ales Hemsky.