Senators GM Bryan Murray is expected to ponder a number of moves this off-season, as several roster decisions need to be made.
Acquired prior to the trade deadline, right wing Ales Hemsky has played very well with the Senators, picking up three goals and 10 assists for 13 points in 16 games, so far this season.
The Senators are expected to try and sign Hemsky, a pending unrestricted free agent, to a multi-year contract extension, and talks should pick up steam shortly after the season concludes.
Murray must also decide what to do with left wing Milan Michalek, who is also scheduled to become an unrestricted free agent July 1.
TFP has learned that the Senators already initiated a conversation with Michalek's agent about a new contract, but he would have to take a significant pay cut in order to stay in Ottawa.
Michalek is in the final-year of a six-year, $26 million contract.
The Senators are expected to have a conversation with forward Bobby Ryan's agent about a long-term extension.
Ryan, acquired from the Anaheim Ducks last summer, has expressed an interest in staying in Ottawa beyond next season, as his contract expires after the 2014-15 campaign.
"I love it here," Ryan told the Ottawa Sun last week. "We love it here, more importantly. It's been a great change for (my fiance and I). When the time comes, if that's what Bryan wants to go with, to sit down and have conversations, we'll certainly do that."
The Senators cannot officially sign Ryan to an extension until July 1, but can hold conversations well in advance.
The wildcard in Ottawa's off-season revolves around the future of captain Jason Spezza.
TFP broke the news on Mar. 3, two days prior to the trade deadline, that the Senators had conversations with a number of teams about Spezza, who owns a no-trade clause and will have a say in where he ends up, if dealt.
Murray is expected to resume discussions about Spezza this off-season and could trade him if the right deal is presented.