Daren Millard of Sportsnet has just updated his Twitter page to state that the Ottawa Senators and Edmonton Oilers have come to terms for a deal to move Dany Heatley to the City of Champions in a package that apparently contains Andrew Cogliano. His "tweet" states this:
ott and edm have a deal in place Told cogliano part of the package going to ottawa but everyone is waiting for approval from dany heatley
heatley has a no movement thus veto power..
Heatley's no movement clause allows him to decide if he will or will not accept the trade.
UPDATE: Sportsnet is now reporting this as a done deal. We'll wait for confirmation from other sources before we accept it as a completed trade.