In a conference call with reporters Thursday, Sakic said he's not out to trade his star center.
He praised O'Reilly, saying: "I like Ryan a lot. He is a very valuable player. He's part of our core and yeah, my first priority would be to sign him. Obviously, we'll see where it all goes."
Sakic said he doesn't want to enter next season without a deal in place with O'Reilly, who would become an unrestricted free agent next summer. He stressed: "I don't think the team needs it. I don't think he needs it. That's why it's important for us that we have something done."