Corey Perry still hopes to play for the Edmonton Oilers next season. According to a report from Pierre LeBrun, that’s the path to follow, but, with NHL free agency looming, the situation isn’t a lock.

“Corey Perry still hopes to re-sign in Edmonton but the pathway to common ground on a deal has been difficult with Oilers’ cap situation. Very possible Perry ends up on the free-agent market Tuesday. But door remains open with Edmonton.”

So, the veteran forward remains open to re-signing in Edmonton after joining the team midseason and playing a key leadership role during their deep playoff run alongside Connor McDavid. However, sources say negotiations have hit a snag due to the team’s limited financial flexibility, raising the very real possibility that the former Hart Trophy winner hits the open market when free agency opens on July 1st.

Will Corey Perry sign contract extension with Oilers?

Despite the uncertain outlook, the door hasn’t closed completely for Corey Perry to sign a contract extension with Oilers. Both sides have reportedly left communication lines open, keeping hope alive that a late push or a shift in cap strategy could bring Perry back into the fold. The final decision at the moment is to find a way to stay in Edmonton.

Still, time is ticking. As other contenders begin circling for playoff-tested veterans, Perry could become one of the more intriguing names available—especially for clubs searching for experience, grit, and a proven postseason performer. One of the most interesting stories to follow in the upcoming days.

For Edmonton, it’s a delicate balance between managing cap space and preserving the veteran presence that helped fuel their 2025 Stanley Cup Final appearance. Whether Perry remains part of that equation—or becomes a valuable piece elsewhere—will soon be revealed.