The Edmonton Oilers placed veteran forward Sam Gagner on waivers Tuesday.

Gagner joined the Oilers for a third tour of duty with the franchise in late October on a one-year, two-way deal worth $775,000 at the NHL level.

The 34-year-old has appeared in 27 games this season, notching 10 points while averaging 10 minutes per contest. Gagner could draw interest on the wire as a cheap alternative to a trade, as many contenders covet center depth for the playoffs.

Oilers general manager Ken Holland recently said he has "lots of irons in the fire" ahead of Friday's trade deadline as he looks to bolster a squad that sits second in the Pacific Division.

Edmonton is currently projected to have approximately $2.3 million in deadline cap space, per CapFriendly.

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