With just over a day left until the Olympic roster freeze goes into effect on Friday at 3 p.m., Ryan Callahan's camp is expected to reach out to Rangers GM Glen Sather on Thursday.

Callahan's agent, Steve Bartlett, told both ESPN.com and ESPNNewYork.com that he'd circle back with the Rangers to gauge where the two sides are in a contract impasse that has fueled rampant trade speculation.

As it stands, the two sides have a significant bridge to gap in both money and terms. Though Callahan has expressed a desire to remain in New York, he is reportedly seeking a seven-year deal with an annual average salary between $6.5 million and $7 million. Multiple sources informed ESPN.com's Pierre LeBrun last week that the Rangers have made an offer of five years and $30 million to Callahan.