The Vancouver Canucks have acquired forward Brendan Gallagher from the Montreal Canadiens in exchange for future considerations, according to multiple reports.

According to NHL Insider Chris Johnston, the Canadiens are retaining 50% of Gallagher’s contract, which has one season left on it at a $6.5 million cap hit.

There have been plenty of rumours swirling around Gallagher and the Canucks after Gallagher appeared in just three playoff games for the Montreal Canadiens. On locker clean out day, Gallagher said the quiet part out loud and made it clear that he was anticipating that he’d be moved this offseason. He also wasn’t shy about his desire to return home and play for his hometown Canucks. Although he was born in Alberta, Gallagher moved to Vancouver before his teenage years and played minor hockey with the South Delta Storm. He then spent his junior career with the Vancouver Giants, where he was a fan favourite and captain for the 2011-12 season.

The Montreal Canadiens selected Gallagher in the 5th round of the 2010 NHL Draft, and he has done nothing but exceed expectations ever since.

For those curious, future considerations can really mean anything. Sometimes it’s an ECHL/AHL player down the line, other times it’s a GM taking another GM out for a steak dinner to officially seal the deal (and no we’re not kidding.)

The Canucks have been active this morning, as shortly before the Gallagher trade, the Canucks traded winger Nils Höglander to the Nashville Predators in exchange for a 2029 third-round pick.

We’ve written plenty already about why Gallagher, at the right price, would be a savvy pickup for the Canucks, and we’d certainly call what could end up being a steak dinner as the acquisition price, the right price.