Karlsson says he hasn’t been asked to waive a full no-movement clause in his contract ahead of the March 7 deadline.

Karlsson, 34, has two years remaining beyond 2024-25 on an eight-year contract that pays him $11.5 million annually and has a full no-movement clause. The Penguins are paying $10 million of Karlsson's contract, as $1.5 million was retained by the San Jose Sharks in the blockbuster trade that sent Karlsson to Pittsburgh on Aug. 6, 2023.

The Pittsburgh Penguins are on pace to miss the playoffs for the third consecutive season. General manager Kyle Dubas reportedly set out to shop anyone aside from core players such as Sidney Crosby, Evgeni Malkin and several other assets.

Dubas fielded questions about the Penguins' deadline activity Wednesday night. Here's what we can take from his answers.

As the Penguins continue to fade away in the Eastern Conference, general manager Kyle Dubas could be open to trading Erik Karlsson.

The blueliner's name has surfaced in recent trade discussions, along with those of fellow veteran Penguins stars Evgeni Malkin and team captain Sidney Crosby. Karlsson, however, made it clear on Sunday that any potential move is entirely up to him, so he's not worried about it for now.

When the Pittsburgh Penguins acquired Erik Karlsson ahead of the 2023-24 season, it seemed like he would be a key piece of an organization looking for one more

Defenseman Erik Karlsson came to the Penguins in a trade, will he leave the same way? LISTEN to what he said about his no-trade clause with deadline approaching

On one end of the spectrum is Pittsburgh Penguins winger Rickard Rakell. He scored two goals, including a wonderful individual charge off the opening faceoff of the third period to tie the game.

Erik Karlsson still likes it in Pittsburgh. And he still sees his station as a defenseman with the Pittsburgh Penguins as providing a viable route to a Stanley Cup championship. But certainly not this season.