According to a report, it appears that Ilya Kovalchuk is on the verge of re-signing with the New Jersey Devils.
The New York Post is reporting that the unrestricted free agent, who played the final 27 games of last season with the Devils, is going to sign a seven-year, $60 million contract with the team soon.
The Los Angeles Kings dropped out of the running for Kovalchuk on Sunday, while the New York Islanders indicated some interest in the Russian sniper but reportedly never made a formal offer.
Kovalchuk's agent, Jay Grossman, sent a Twitter message on Monday that stated "Ilya Kovalchuk looking to make decision on his future today".
Kovalchuk, 27, was the best forward available when free agency opened last Thursday. He scored 41 goals and 44 assists last year in a season split between the Devils and the Atlanta Thrashers. He was dealt to New Jersey on Feb. 4 along with Anssi Salmela and a 2nd-round draft pick in exchange for Niclas Bergfors, Johnny Oduya, Patrice Cormier, as well as New Jersey's first and second-round 2010 draft picks.