In today’s NHL Rumor Mill, we have the latest speculation on the Rangers’ Artemi Panarin and the Predators’ Ryan O’Reilly, plus the most likely trade candidates for the Maple Leafs.

THE LATEST ON ARTEMI PANARIN

THE ATHLETIC: Vincent Z. Mercogliano reported Wednesday on potential trade destinations for Artemi Panarin. The 34-year-old winger has been held out of the New York Rangers lineup for “roster management purposes” as efforts are ongoing to trade him. Reports indicated the UFA-eligible winger wants a contract extension before agreeing to waive his no-movement clause.

New York Rangers winger Artemi Panarin (NHL Images).

Based on his sources, Mercogliano believes Panarin prefers to remain in the Eastern Conference. The Florida Panthers and Washington Capitals have been mentioned as possible destinations.

The Colorado Avalanche and Dallas Stars could be possibilities if Panarin is traded as a rental player. There’s been talk linking him to the Anaheim Ducks and Los Angeles Kings. Mercogliano believes the Ducks would be the better destination, given their position in the standings and Panarin’s ties to head coach Joel Quenneville from their days with the Chicago Blackhawks.

TSN: Pierre LeBrun reports Panarin’s agent, Paul Theofanous, has the Rangers’ approval to speak directly with other clubs. The Capitals are believed to be interested in the playmaking winger and could be open to an extension.

The Panarin camp has reached out to all three California teams. However, the Ducks are out right now because an extension doesn’t work for them. The Sharks have had a discussion with the Rangers, but LeBrun isn’t sure how seriously they are taking it. Meanwhile, it doesn’t seem as though the Kings are pushing very hard.

LeBrun indicated that the Carolina Hurricanes have discussed acquiring Panarin, but it’s uncertain whether team owner Tom Dundon will approve spending money on an extension.

The Florida Panthers could be Panarin’s destination of choice, but it would be difficult given their salary-cap constraints.

Darren Dreger believes the Stars could be among the suitors for Panarin, but would only be interested in acquiring him as a playoff rental.

NEW YORK POST: Mollie Walker pointed out that Panarin’s $11.64 million cap hit is a sticking point in efforts to move him. Even if the Rangers retained the league maximum of 50 percent, salary would have to be moved to make the dollars fit.

The Sharks and Kings have their 2026 first-round picks to offer. The Sharks also have enticing young players and prospects who the Rangers could pursue, especially at center.

ESPN: Kevin Weekes reports the Ducks, Kings, Sharks, Stars, Utah Mammoth, Avalanche, Minnesota Wild, Seattle Kraken, Toronto Maple Leafs, Hurricanes, Capitals, Tampa Bay Lightning, and the New York Islanders have expressed interest in Panarin.

SPECTOR’S NOTE: Lots of speculation thus far, but nothing yet to indicate which of these clubs could be front-runners.

The Sharks have the young assets that would entice the Rangers, but there might have to be some salary retention or some salary heading to New York to make this work cap-wise.

The Ducks have lots of cap space to take on Panarin for this season, but they’ve got some young stars who will need new contracts within the next couple of years. The Hurricanes have lots of cap room, but Panarin’s age and the cost of re-signing him could be concerns.

The Mammoth have the cap space and plenty of draft picks, prospects, and young players to draw on, but they might not be on Panarin’s list of destinations. He also doesn’t seem like a fit within their long-term plans.

It’s well-known that the Kraken are seeking a dynamic offensive star. If Panarin were four years younger, this might make sense. They probably aren’t on his list of landing spots.

The Capitals have the cap room, and they have some tradeable assets. However, they’re also struggling to stay in the wild-card chase. As for the Wild, their preference is for a center.

Any interest from the Leafs may have come before their recent slide sent them tumbling in the standings. They’re sellers now, and even if they were buyers, they can’t afford his cap hit or the Rangers’ asking price.

The Stars and Avalanche are out if Panarin remains insistent on a contract extension. Trading him to the Islanders would be a bold move, but it’s not one the Rangers will likely do.

The Lightning would be an interesting move, but they would have to free up considerable cap space to make it work, and they’re probably unwilling to sign him to an extension.

PREDATORS COULD BE WILLING TO MOVE RYAN O’REILLY

TSN: Nashville Predators general manager Barry Trotz is keeping his trade options open as his club seems poised to miss the playoffs for the third time in four years.

That could include trading Ryan O’Reilly. The 34-year-old center lacks no-trade protection and has a year remaining on his contract with a cap hit of $4.5 million.

Trotz indicated that he’s willing to listen to all trade offers, but he hasn’t received one yet that would convince him to discuss it with O’Reilly.

SPECTOR’S NOTE: It’s been reported that the Predators are treating O’Reilly as though he has a no-trade clause. If Trotz gets an enticing offer, he’ll discuss it with O’Reilly first.

We’ve been down this road before regarding O’Reilly, and nothing’s come of it. We can’t rule out the possibility that he gets traded before March 6, but it’s not a certainty.

WHICH MAPLE LEAFS COULD BECOME TRADE CANDIDATES?

TORONTO SUN: Terry Koshan believes UFA-eligible winger Bobby McMann would fetch the best return for the Maple Leafs if they become sellers at the March 6 trade deadline. Koshan recently suggested the Leafs re-sign the 29-year-old McMann, but now believes it would be worthwhile moving him if he brings in an asset or two.

Koshan also believes the Leafs should peddle Scott Laughton, Calle Jarnkrok, and Troy Stecher. Like McMann, they’re eligible for UFA status on July 1. He also advocated that they shop defensemen Oliver Ekman-Larsson and Brandon Carlo. Ekman-Larsson has a 16-team no-trade list, while Carlo has an eight-team no-trade list. Both of them could help replenish the Leafs’ draft cupboard.