It has been widely speculated that the Penguins could even make a coaching change and relieved head coach Dan Bylsma of his duties.
However, a source close to the organization told TFP on Saturday that a change behind the bench "is very unlikely."
Forwards Jarome Iginla, Brenden Morrow, Matt Cooke, Pascal Dupuis and Craig Adams, and defensemen Douglas Murray and Mark Eaton are scheduled to become unrestricted free agents July 5.
It's believed the Penguins will do everything they can to sign Iginla and Dupuis to new contracts, but the fate of the rest of the impending UFAs is in limbo.
Iginla, acquired prior to the trade deadline from the Calgary Flames, wrapped up a five-year, $35 million contract. He is interested in re-signing with the Penguins, at a lesser annual salary than the $7 million he has been making.
The 35-year-old could stay in Pittsburgh and sign a deal in the three-year, $16.5 million range, one league executive suggested, but such a decision isn't likely until later in themonth.
Morrow and Murray, also acquired this season from Dallas and San Jose, respectively, aren't expected to be brought back next season.
The Penguins could also use one or two of their compliance buyouts this summer, with winger Jussi Jokinen and defenseman Paul Martin possible targets.
Martin, 32, performed well for the Penguins this season, but his $5 million salary cap hit might be better spent elsewhere.
The Penguins will be looking for a No. 2 or No. 3 defenseman this summer, along with a gritty, two-way forward for their third line. If the team is unable to re-sign Iginla, a top-six forward will also be on the wish list.
Meanwhile, between the pipes, questions will focus on Marc-Andre Fleury's future in Pittsburgh for most of the summer, but the team isn't expected to make a major change in goal, unless a significant deal falls into their laps.
Shero and his staff will analyze the season and the team's inability to make it to the Stanley Cup Final before making any major moves, but the team is expected to address various issues this month.