"We've been involved in these situations at different times," Lamoriello told NorthJersey.com. "You really can't say you will or you won't (trade the pick) because you have to have an open mind to anything and everything no matter what it is. You never know what somebody else wants or needs. The whole key is how do you get your team better today and tomorrow? That's the key."
The No. 4 pick is the Devils' highest pick since they selected Scott Niedermayer at No. 3 in 1991.
The Devils do not own a second-round pick, but that will not influence Lamoriello's decision, should he end up trading his first-round pick.
"Unless you are dealing with somebody that is so far out ahead of everybody else, you have to listen," Lamoriello said. "No matter who they are you have to listen because they might just put you in a position where you can't say, 'no'."