Coleman and Glaser's group have had "extensive dialogue" for over a year about bringing an NHL expansion team to Seattle.
The Times first reported that the group met with Seattle Mayor Ed Murray, NHL Commissioner Gary Bettman, King County Executive Dow Constantine and NHL Deputy Commissioner Bill Daly, among others, to work towards an arena deal.
Billionaire Chris Hansen has been trying to lure an NBA franchise to Seattle with plans of building a new state-of-the-art facility, which would also accommodate an NHL team.
The NHL had requested that the city rework its Memorandum of Understanding between the city, county and Hansen to build the area with an NHL-first mentality.
"They wanted to explore the possibility of opening the MOU so a hockey team would go first," Murray told the Times. "My read right now is that opening up the MOU is not something the council is interested in at this time."
Talks will continue, as the Times suggests the parties will remain in talks as they work towards securing an NHL franchise in Seattle.
While Murray indicated that he would revisit the MOU if city council wanted to, the Times reports he feels the city should create alternative plans on how to obtain an NBA franchise.
Murray also suggested to the NHL that fixing up Key Arena could house an NHL team on an interim basis, but the NHL was not interested in exploring that option.