Sitting last in the NHL and 12 points out of a playoff spot, the Vancouver Canucks appear to be setting their course for a rebuild.

TSN Hockey Insider Darren Dreger reports the struggling Canucks are willing to consider all options as the trade deadline draws closer, including trading centre Elias Pettersson.

“Obviously, every club in the National Hockey League has untouchables, but management of the Vancouver Canucks is now using the rebuild word, so they have to be open for business, open for just about anything, and that might include finally trading Elias Pettersson,” Dreger explained on Insider Trading Tuesday. “Now, we know that there’s been a ton of speculation from a media perspective on Pettersson’s future with the Vancouver Canucks. That was more into the off-season, more last season than to this point.

“I can tell you that there’s been no communication with the agent who represents Elias Pettersson, Pat Brisson, and they would have to communicate directly with Pettersson’s camp because he has the no-move clause.”

The 27-year-old Pettersson has 13 goals and 28 points in 38 games this season. He carries a lofty $11.6 million cap hit through the 2031-32 season on the eight-year, $92.8 million deal he signed in March 2024.

Pettersson, who was selected fifth overall in the 2017 draft, has seen his production drop off significantly since inking that deal. He posted 15 goals and 45 points in 64 games last season in the first year of the deal after averaging 35 goals and 86 points over the previous three campaigns.

The Swedish centre was involved in a rift with teammate J.T. Miller that went public last season, eventually leading to Miller being traded to the New York Rangers.

Vancouver has already made what may stand as the biggest trade of this season, with captain Quinn Hughes being moved in December to the Minnesota Wild for a package of Marco Rossi and Liam Ohgren, defenceman Zeev Buium and a first-round pick.

The Canucks, who are winless in their past five games, have been weighing trade options for pending unrestricted free agents Kiefer Sherwood and Evander Kane dating back to the fall.

Vancouver has missed the playoffs in four of the past five seasons and eight of the past 10 years dating back to 2015. Vancouver showed promise in 2023-24, winning the Pacific Division but have failed to find that same success since and saw head coach Rick Tocchet depart the organization last summer with Adam Foote taking over the role.

Foote is 16-25-5 in his first season with the team and will try once again to get the team back on track Thursday against the Columbus Blue Jackets.