"One of the biggest financial blunders in Islanders history might be close to returning.

Alexei Yashin is working out at the team's training facility in Syosset, L.I., and is in negotiations with the team on a possible new contract, Yashin's agent Mark Gandler confirmed to The Post yesterday.

Gandler said there has been no advancement in negotiations over the weekend since the story was first reported in Newsday on Friday. Although he would not discuss the details of the proposed arrangement, Gandler said he's having on-going conversations with Islanders general manager Garth Snow about bringing the 37-year-old Yashin back.

Snow was not immediately available for comment. "