The Boston Bruins and Dallas Stars have completed a blockbuster seven-player trade that will see two prominent players swap jerseys.
TSN Hockey Insider Pierre LeBrun of ESPN.com says that Eriksson agreed to waive his no-trade clause earlier on Thursday.
Seguin has yet to begin a six-year, $34.5 million contract he signed just prior to the beginning of the lockout. The deal has an annual salary cap hit of $5.75 million and runs until the 2018-19 season.
The 21-year-old forward was selected second overall in the first round of the 2010 NHL Entry Draft by the Bruins and spent the first three seasons of his NHL career with the team.
Seguin was the first of three players selected by the Bruins with draft picks acquired from the Toronto Maple Leafs in a 2009 deal for forward Phil Kessel.
In his rookie season, Seguin had 22 points in 74 regular season games and then scored three goals and seven points in 13 playoff games as the Bruins captured the Stanley Cup in 2011.
Eriksson, 27, has three years remaining on his contract and has a cap hit of $4.25 million per year.
He played in all 48 games last season for Dallas, recording 12 goals and 17 assists. In the four seasons before the lockout, the winger recorded at least 26 goals in each campaign.
In 501 career regular season games, Eriksson has posted 150 goals and 207 assists.
Peverley, 30, had six goals and 12 assists in 47 games for the Bruins this season. The seven-year NHL veteran began his career with the Nashville Predators and played for the Atlanta Thrashers before being traded to Boston in February, 2011.
Morrow, 20, is an Edmonton native who played last season in the American Hockey League. In 66 games with Scranton Wilkes-Barre and Texas, the defenceman had five goals and 14 assists. He was Pittsburgh's first-round pick (23rd overall) in the 2011 draft, and was traded to Dallas as part of the Brenden Morrow deal on Mar. 24 this year.
Smith is a 22-year-old Toronto native who appeared in 37 games for the Stars last season. The forward had three goals and six assists and was the Stars' third-round draft choice in 2009.
Fraser, 23, hails from Red Deer, Alberta and had one goal and two assists in 12 games for Dallas last season. The forward signed as a free agent by the Stars in November, 2010.
Button, 22, is an Edmonton native who split his time last season between the ECHL and the AHL. The blueliner was Boston's third-round pick in 2009.