"There are a lot of teams like us that might not be terribly happy with the way their team is playing, that might like to do something to shake it up," Maloney told FOX Sports. "When you look at our record in the last little while, we could probably use a little change. But there are a number of factors that have trended this season to make it almost like football, where you see very few in-season deals."
Maloney cites a low salary cap this season ($64.3 million) as one of the main reasons why there haven't been many trades league-wide this season.
The Coyotes would like to improve their roster and help their chances of making the playoffs, but it doesn't appear as if a deal is imminent.
"I wouldn't say there's no trade talk," Maloney said. "There's all kinds of talk every day. That's all we do. We talk to other teams about who's hot, who's not, who's having a problem with who, but it really is a different market.
"With the cap being artificially lowered this year, so many teams are up against the cap, and then when you start adding in factors like contracts, contract length, age of players and the right fit on the ice and in the locker room, it's very difficult to consummate trades."
The Coyotes do not have too much wiggle room, in terms of adding salary, but if the right deal presents itself, ownership would consider offering up more dollars to make it happen.