Toronto Maple Leafs weigh Morgan Rielly trade and consider acquiring Connor Zary

General manager John Chayka has continued to explore trade scenarios for defenseman Morgan Rielly. Rielly, who has four seasons remaining and trade protection, provided a list of four Western Conference teams he would consider. The Leafs have received interest from the Vancouver Canucks, Anaheim Ducks and San Jose Sharks, but no offer has met the Leafs' valuation, and Rielly has expressed a preference to remain in Toronto.

Separately, analysts have drafted a potential deal for Toronto to acquire forward Connor Zary from the Calgary Flames. The proposed exchange would send Zary and a 2027 fifth‑round pick to the Leafs in return for a 2027 second‑round pick and forward Dakota Joshua. Zary, 24, posted 13 goals and 27 points in 54 games this season and is viewed as a possible fit on the Leafs' third line or top‑six squad.