Scottsdale police say an officer pulled over Khabibulin's Ferrari shortly after midnight on Feb. 8 after the car was clocked at 70 mph in a 45 mph zone.
The 37-year-old Khabibulin played for the Phoenix Coyotes from 1996-99 and still has a home in Paradise Valley. He hasn't played since Nov. 16 because of a herniated disk in his back that required surgery last month.
Police say an officer smelled alcohol on Khabibulin and he was arrested after a field sobriety test. He was booked into jail on DUI and excessive speed charges pending laboratory results.
Khabibulin's agent, Jay Grossman, did not immediately return a call Wednesday seeking comment.
Khabibulin has a 7-2-9 record with a 3.03 goals-against average this season, his first with the Oilers after signing a four-year, $15 million contract last summer. The four-time NHL All-Star has also played for Winnipeg, Chicago and Tampa Bay and helped the Lightning win the Stanley Cup in 2004.