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Flames trade rumours: forwards Blake Coleman and Nazem Kadri land on latest Daily Faceoff trade board

Photo credit: Rob Gray-Imagn Images
Jan 22, 2026, 16:15 ESTUpdated: Jan 22, 2026, 16:10 EST
In just two weeks, the NHL’s Olympic roster freeze will take effect, putting all trade action on pause until after the Winter Games in Milan. Ahead of that Feb. 4 date, a mini trade deadline of sorts, the phones are buzzing across the league.
On Thursday, Daily Faceoff’s Matt Larkin published the latest edition of his NHL trade board, highlighting players across the league who may soon be on the move. And while Rasmus Andersson was a big name who recently came off the board after the Calgary Flames exchanged him, the team still has a few more pieces to look at dealing.
Landing in the top tier of “Obvious trade candidates” is Flames forward Blake Coleman. On the second last year of his contract with an annual cap hit of $4.9 million, the 34-year-old boasts a ton of upside for Cup contenders, writes Larkin:
He’s a proven two-time Stanley Cup winner who can deliver 20 goals, occasionally more, while assisting on the penalty kill and playing a feisty, physical game. What contender wouldn’t want him for third-line and PK1 work? The Flames could always sit on him a year and move him as a rental next season, but the demand for his services should be sufficient this year when it’s stretch-run time. A reunion with the team that drafted him, the New Jersey Devils, could make sense given he can play center in a pinch, but should we also keep an eye on his other former team, the Tampa Bay Lightning? The Athletic’s Pierre LeBrun floated that idea.
Coleman is currently in his fifth season with the Flames, and has 13 goals and 21 points in 44 games played so far.
The second tier of Larkin’s list is labelled “Names to keep an eye on,” and is led off by Calgary centreman Nazem Kadri. It’s not the first time Kadri’s name has floated around on the rumour mill, and this year he could be a big piece for the Flames to move:
The classic conundrum for Flames GM Craig Conroy: even if you’re in the midst of a rebuild and have already traded most of your core over the past couple seasons…don’t you need a few veteran tone setters to hang around and teach the kids how to win? That would be a reason to hold Kadri. But he could also command a significant return given his impact as a scorer and emotional leader. Now that the Habs landed Danault, would the Wild be the most logical place for Kadri to land? They have interest, reports Di Marco. Dallas could be a strong fit as well.
Of note, Kadri makes $7 million a year through the 2028-29 season and holds a 13-team no-trade list.
Larkin’s board ends with a final tier of “Theoretical trade chips if their teams fall out of contention,” which includes Flames winger Ryan Lomberg.
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