Erik Karlsson has one more year left on his contract with the Ottawa Senators, and with the franchise nowhere close to being a Stanley Cup contender, his days in Canada’s capital could be numbered.

It makes sense for the Sens to trade their captain and No. 1 defenseman sooner rather than later, but could a deal get done before the 2018-19 campaign?

Here’s the latest report on the situation, per Sportsnet’s Elliotte Friedman:

The two-time Norris Trophy winner tallied 62 points (nine goals, 53 assists) in 71 games last season. He’s one of the best offensive defensemen of all time and has posted 60-plus points in each of his last six full seasons.

Karlsson is the type of player who could vault a playoff contender to a championship contender. He’s arguably the NHL’s best blueliner and makes a positive impact all over the ice.

As such, the price to obtain him likely will be quite high. The Senators, who are in the midst of what could be a lengthy rebuild, need to hit a home run with this trade (if one happens at all). A package of quality prospects, good draft picks and perhaps a talented young NHLer would be ideal for Ottawa.

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