This season, they're undoubtedly buyers, but owner Eugene Melnyk doesn't expect the team to acquire several big name players.
"Nobody expected us to be where we are," Melnyk told the Sun. "We're 27-17-6, when people thought we'd be 17-27-6. We went through a rebuild and it was very, very, very tough.
"I keep a close eye on the games that we have in hand, and we've just got to keep looking forward and just keep winning because it's so tight. You lose a game and you can drop one or two spots, so you've got to keep playing hard. I'm just delighted to see where we're at in a rebuild."
Although the Senators would like to add a tough defenseman and a two-way forward, GM Bryan Murray isn't expected to pull the trigger on a blockbuster.
"(Dealing) would come with one caveat. Let's not lose focus of what our job is: That's to rebuild," said Melnyk. "The deal we made for Kyle Turris was more of an anomaly than anything else because we did give up a piece of our future and we weren't going to be competitive without a second-line centre.
"We had to give something up. You tell me: Unless there is an injury here, I can't see a void. If it isn't broken, don't try to fix it. Even if we lose a couple in a row, it's not the end of the world. We need to just keep grinding away. The ones that will succeed in the league, are the ones left standing."
More Trade Deadline Info
List of Trades
| No-Trade/No-Movement Clauses
| Top 25 Available Players
| Team-by-Team Cap Info