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February 25, 2014 | 9:57am ET
Markov working towards deal with Habs

The Montreal Canadiens appear to be moving in the right direction with veteran defenseman Andrei Markov on a new contract extension.

Talks between the two sides are ongoing, as the Habs hope to have him locked up to a new deal in the near future.

Markov, who is set to become an unrestricted free agent July 1, is in the final year of a three-year contract worth $5.75 million per season.

It had been widely speculated that the Canadiens might try to move Markov by the March 5 trade deadline if a new contract wasn't reached by then, but multiple sources have told TFP that has never been the case.

TVA Sports is also reporting that a trade is highly unlikely.

According to Renaud Lavoie of TVA Sports, the Canadiens are hoping to sign Markov to a two-year deal, while the 35-year-old blueliner is looking for a three-year deal.

In 59 games with the Habs so far this season, the native of Voskresensk, Russia, has registered five goals and 26 assists for 31 points, along with a plus-7 rating and 26 penalty minutes.

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