What happened: The possibility is framed as an in-season outcome tied to how the standings develop. It remains a projection rather than a pending transaction.
Why it matters: Adding Karlsson would give Toronto another right-shot puck mover. Fitting his contract under the salary cap would require corresponding roster work.
By the numbers: Karlsson carries a $10 million cap charge for 2026-27, with one year remaining on his contract.
What to watch: Watch whether Toronto explores the idea once its roster needs and season trajectory become clearer.