With a little more than two days remaining until the NHL's trade deadline on Wednesday at 3 p.m. the staredown between the Rangers and captain Ryan Callahan continues, despite some progress toward an extension.

Callahan's camp has moved off of its initial request for a new deal seven years in length and instead appears willing now to negotiate for an extension at a six-year term, multiple sources confirmed to ESPNNewYork.com. That development is not a new one, however, despite the fact that the news has just surfaced.

Callahan's camp expressed a willingness to bend on the seven-year term before the Olympic break, one source revealed, though that concession appeared to yield little progress in the following weeks.

Sources on both sides sound no more optimistic now than heading into the break, when Callahan shipped off to Sochi, Russia, to compete for the U.S. team in the Olympics with his contract situation still unresolved.

Even if the two parties agree on a six-year term, they remain at odds on the dollar amount, with the Rangers reportedly standing firm on offering $6 million per year and Callahan's camp reportedly seeking anywhere between $6.25 and $6.5 million annually.

The next two days will be critical for general manager Glen Sather to decide whether to continue efforts toward locking up the 28-year-old winger long term, as he did last week with veteran defenseman Dan Girardi, or commit to moving the heart-and-soul leader in hopes of fetching the highest return possible.

After opening Post-Olympic action with a win against the Stanley Cup Champion Chicago Blackhawks, the Rangers have since surrendered back-to-back losses to Eastern Conference opponents Philadelphia and Boston.