With defensemen Chris Phillips and Joe Corvo, and forward Milan Michalek set to become unrestricted free agents July 1, it is becoming more and more possible that GM Bryan Murray looks to trade them by the March 5 trade deadline.
The Senators are trying to sign Phillips to a one-year contract extension, but if a deal can't be reached by the deadline, Murray could trade him.
The Boston Bruins have significant interest in Phillips, who has a limited no-trade clause and can block a deal to certain teams, but they aren't alone.
It's believed the Anaheim Ducks, Los Angeles Kings and Colorado Avalanche are also interested in Phillips.
Corvo and Michalek do not have a no-trade clause.
Aside from debating whether or not to move some of their current players, the Senators are also looking to strengthen their roster.
Murray has been trying to acquire right wing Chris Stewart from the St. Louis Blues for some time, but Stewart was traded on Friday to the Buffalo Sabres.
The Sabres, however, are believed to be speaking with the Senators about flipping Stewart to Ottawa.
If Murray is unable to swing a deal for Stewart, he could shift his focus elsewhere, but it's clear that the Sens are interested in acquiring a player with multiple years left on his contract.