After re-signing Linus Karlsson yesterday, the Vancouver Canucks may not be done there, according to Sportsnet’s Elliotte Friedman:

“Last night, the Vancouver Canucks announced that they had re-signed Linus Karlsson to a two-year deal. The big name everybody in Vancouver is kind of talking about right now is Kiefer Sherwood, [an] unrestricted free agent having a career year. The Canucks did make a new offer to Sherwood this week. I still think there’s a sizable gap here. I don’t have a timeline for when anything is going to occur in terms of a trade or anything like that, but both sides did talk this week. I still think, however, there’s a gap in where Sherwood would like to be and what the Canucks are willing to do. So let’s see where it takes us.”

Sherwood, 30, signed a two-year, $1.5 million AAV contract with the Canucks in the summer of 2024. In his first year in Vancouver, Sherwood had a career high of 19 goals and 40 points in 78 games. He also set the NHL record for hits in a single season with 462.

Through 40 games of the 2025-26 season, Sherwood is on pace to set new career highs. He is currently on pace for 34 goals and 42 points, while seeing his time on ice jump two-and-a-half minutes from last season’s averages.

The Canucks are currently 31st in league standings, just two points ahead of the Winnipeg Jets for dead last in the league. Vancouver’s management team of Jim Rutherford and Patrik Allvin has gone public, stating that, given the team’s current position in the league standings, the plan was to trade their veteran UFAs and look toward the future as they enter a transitional phase toward a rebuild or a hybrid retool.

Since then, the only trade management has made is that of team captain and franchise defenceman Quinn Hughes. None of the reported veterans made available have been traded, and now they are reportedly looking to extend their hottest trade chip, Sherwood.