Ryan Smyth is finally on his way back to Edmonton.
Smyth had asked for a trade out of Los Angeles for family reasons, wanting to return to his original NHL team, the Oilers.
Smyth, 35, played in 82 games with the Kings this past season, racking up 47 points. He had two consecutive 20-plus goal seasons in 149 career regular season games with the Kings.
Lombardi said Saturday that he didn't think the teams were close to a deal.
"Without getting into the details I guess, no, I don't think we're closer," Lombardi said. "The way we had always proposed it, we were always very clear on what we could take back.
"The thing that's hard about this is this isn't a player we were counting on losing. Because actually he had one of his best years for us. He was the first one in the weight room. I thought his first 40 games he was one of our best players. He tailed off a little bit in the last 40 and then in the playoffs he was Ryan Smyth, everything you wanted."
Fraser, 26, played in 67 games this past season with the Oilers, scoring three goals and two assists. It was his first season in Edmonton after spending four years with the Chicago Blackhawks, including the 2009-10 season when the Blackhawks won the Stanley Cup. Fraser recorded career-highs that year in goals (seven), assists (12) and points (19).
The 6-foot-1 forward has played in 224 career NHL games, and was originally selected by the Flyers 69th overall in the 2003 draft.
Information from ESPN.com's Scott Burnside was used in this report.