After talk that Kiefer Sherwood could land back on the trade block, it appears he will be staying with the San Jose Sharks.

“All signs point to Kiefer Sherwood signing an extension in the next day or two rather than getting dealt by the Sharks ahead of the deadline,” TSN Hockey Insider Pierre LeBrun wrote Wednesday in The Athletic.

“There have been serious progress in negotiations on a multi-year deal between Sherwood and the team, per league sources. That was always the best outcome for everyone involved after the Sharks acquired the pending UFA on Jan. 19. He’s a great fit in San Jose.”

Speculation around Sherwood’s future seemed to start soon after he was acquired by San Jose from the Vancouver Canucks for defenceman Cole Clayton and two second-round picks in January.

The 30-year-old winger has appeared in just five games with the Sharks, posting a goal and an assist Tuesday against the Montreal for his first points with the team. He had 17 goals and 23 points in 44 games with Vancouver before the trade.

Having posted a career-best 19 goals and 40 points in 78 games last year, Sherwood is reportedly seeking a contract extension in the range of $5 million per season.

The Sharks remain in the playoff race, sitting three points back of the Seattle Kraken for the final wild-card spot with a game in hand. San Jose is also four points back of the Edmonton for third in the Pacific Division with three games in hand.