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Callahan's agent to reach out Thursday

With just over a day left until the Olympic roster freeze goes into effect on Friday at 3 p.m., Ryan Callahan's camp is expected to reach out to Rangers GM Glen Sather on Thursday.

Callahan's agent, Steve Bartlett, told both ESPN.com and ESPNNewYork.com that he'd circle back with the Rangers to gauge where the two sides are in a contract impasse that has fueled rampant trade speculation.

As it stands, the two sides have a significant bridge to gap in both money and terms. Though Callahan has expressed a desire to remain in New York, he is reportedly seeking a seven-year deal with an annual average salary between $6.5 million and $7 million. Multiple sources informed ESPN.com's Pierre LeBrun last week that the Rangers have made an offer of five years and $30 million to Callahan.

Though a source informed ESPNNewYork.com that there is not an imminent deadline to make a decision on the team captain, it makes sense if the Rangers want to resolve the situation sooner rather than later since Callahan is at risk for injury while competing in the 2014 Olympic Games in Sochi, Russia.

Callahan did partake in the team's morning skate at Madison Square Garden on Tuesday; unless anything changes, he is expected to be in the lineup when the Rangers host the Edmonton Oilers while looking to record their fifth straight win.